Ching Lee Holdings (HKSE:03728) Interest Expense : HK$-10.0 Mil (TTM As of Sep. 2023)

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What is Ching Lee Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ching Lee Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -5.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-10.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Ching Lee Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ 7.6 Mil. Ching Lee Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -5.3 Mil. Ching Lee Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 1.44. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ching Lee Holdings Interest Expense Historical Data

The historical data trend for Ching Lee Holdings's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ching Lee Holdings Interest Expense Chart

Ching Lee Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-7.07

-9.31

-5.00

-3.34

-6.33

Ching Lee Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-2.07	-1.27	-1.65	-4.68	-5.27

Ching Lee Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-10.0 Mil.

Ching Lee Holdings (HKSE:03728) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ching Lee Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-5.3 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$1.1 Mil.

Ching Lee Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	7.616	/	-5.272
	=	1.44

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ching Lee Holdings Ltd interest coverage is 2.66, which is low.

Ching Lee Holdings (HKSE:03728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ching Lee Holdings Ltd (HKSE:03728) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

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