OneConnect Financial Technology Co (HKSE:06638) Interest Expense : HK$-19 Mil (TTM As of Sep. 2024)

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What is OneConnect Financial Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OneConnect Financial Technology Co's interest expense for the three months ended in Sep. 2024 was HK$ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-19 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. OneConnect Financial Technology Co's Operating Income for the three months ended in Sep. 2024 was HK$ -50 Mil. OneConnect Financial Technology Co's Interest Expense for the three months ended in Sep. 2024 was HK$ -4 Mil. OneConnect Financial Technology Co did not have earnings to cover the interest expense. 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.

OneConnect Financial Technology Co Interest Expense Historical Data

The historical data trend for OneConnect Financial Technology 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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OneConnect Financial Technology Co Interest Expense Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-192.14

-177.40

-91.52

-39.27

-21.37

OneConnect Financial Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.65	-6.14	-4.65	-3.60	-4.36

OneConnect Financial Technology 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-19 Mil.

OneConnect Financial Technology Co (HKSE:06638) 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.

OneConnect Financial Technology Co's Interest Expense for the three months ended in Sep. 2024 was HK$-4 Mil. Its Operating Income for the three months ended in Sep. 2024 was HK$-50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was HK$0 Mil.

OneConnect Financial Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

OneConnect Financial Technology Co did not have earnings to cover the interest expense.

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

OneConnect Financial Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (HKSE:06638) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OCFT:USA

Address

No. 5033 Yitian Road, Floor 21/24, Ping An Financial Center, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

Executives

Computershare Hong Kong Trustees Limited	2301 Trustee
Li Jie	2101 Beneficial owner
Sen Rong Limited	2101 Beneficial owner
Yi Chuan Jin Limited	2201 Interest of corporation controlled by you
Hsbc Holdings Plc	2201 Interest of corporation controlled by you
An Ke Technology Company Limited	2201 Interest of corporation controlled by you
Bo Yu Limited	2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Dou Wenwei	2201 Interest of corporation controlled by you
Rong Chang Limited	2101 Beneficial owner
Wang Wenjun	2201 Interest of corporation controlled by you
Xu Liang	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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