China Rongzhong Financial Holdings Co (HKSE:03963) Interest Expense : HK$-19.38 Mil (TTM As of Sep. 2023)

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What is China Rongzhong Financial Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Rongzhong Financial Holdings Co's interest expense for the six months ended in Sep. 2023 was HK$ -3.42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-19.38 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. China Rongzhong Financial Holdings Co's Operating Income for the six months ended in Sep. 2023 was HK$ 2.61 Mil. China Rongzhong Financial Holdings Co's Interest Expense for the six months ended in Sep. 2023 was HK$ -3.42 Mil. China Rongzhong Financial Holdings Co's Interest Coverage for the quarter that ended in Sep. 2023 was 0.76. 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.

China Rongzhong Financial Holdings Co Interest Expense Historical Data

The historical data trend for China Rongzhong Financial Holdings Co'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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China Rongzhong Financial Holdings Co Interest Expense Chart

China Rongzhong Financial Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-37.03

-30.08

-29.59

-32.06

-33.63

China Rongzhong Financial Holdings Co Semi-Annual Data
	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													-15.71	-16.35	-17.67	-15.96	-3.42

China Rongzhong Financial Holdings Co 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$-19.38 Mil.

China Rongzhong Financial Holdings Co (HKSE:03963) 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.

China Rongzhong Financial Holdings Co's Interest Expense for the six months ended in Sep. 2023 was HK$-3.42 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$2.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$15.86 Mil.

China Rongzhong Financial Holdings Co'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	*	2.611	/	-3.421
	=	0.76

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

China Rongzhong Financial Holdings Co (HKSE:03963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Rongzhong Financial Holdings Co Ltd (HKSE:03963) » Definitions » Interest Expense

Comparable Companies

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Address

89 Queensway, Unit 3901, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.chinarzfh.com

China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating lease; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.

Executives

Goldbond Group Holdings Limited	2101 Beneficial owner
Wong Yu Lung, Charles	2301 Trustee
Wong Fang Pik Chun	2301 Trustee
Kwok Gareth Wing-sien	2202 Interest of your spouse
Wong Yatyee Michelle	2305 Beneficiary of a trust
Wong Jacqueline Yue Yee	2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited	2101 Beneficial owner
Yeung Nam	2202 Interest of your spouse
Lee Cheuk Yin Dannis	2101 Beneficial owner
Zhao John Huan	2201 Interest of corporation controlled by you
Silver Creation Investments Limited	2101 Beneficial owner
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you

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