Sino-Ocean Service Holding (HKSE:06677) Interest Expense : HK$-1 Mil (TTM As of Jun. 2024)

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What is Sino-Ocean Service Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sino-Ocean Service Holding's interest expense for the six months ended in Jun. 2024 was HK$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1 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. Sino-Ocean Service Holding's Operating Income for the six months ended in Jun. 2024 was HK$ 237 Mil. Sino-Ocean Service Holding's Interest Expense for the six months ended in Jun. 2024 was HK$ -0 Mil. Sino-Ocean Service Holding's Interest Coverage for the quarter that ended in Jun. 2024 was 717.57. 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.

Sino-Ocean Service Holding Interest Expense Historical Data

The historical data trend for Sino-Ocean Service Holding'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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Sino-Ocean Service Holding Interest Expense Chart

Sino-Ocean Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-192.64

-155.69

-1.76

-1.93

-0.83

Sino-Ocean Service Holding Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial								-0.78	-1.19	-0.45	-0.38	-0.33

Sino-Ocean Service Holding 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1 Mil.

Sino-Ocean Service Holding (HKSE:06677) 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.

Sino-Ocean Service Holding's Interest Expense for the six months ended in Jun. 2024 was HK$-0 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$237 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$5 Mil.

Sino-Ocean Service Holding's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	236.797	/	-0.33
	=	717.57

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sino-Ocean Service Holding Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sino-Ocean Service Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sino-Ocean Service Holding Ltd (HKSE:06677) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A518 East Road of Chaoyang Sports Center, 2nd Floor, Tower A, Chaoyang District, Beijing, CHN

Website

http://www.sinooceanservice.com

Sino-Ocean Service Holding Ltd is an investment holding company. The Company and its subsidiaries are engaged in the provision of property management and commercial operational services, value-added services to non-property owners, and community value-added services in the People's Republic of China.

Executives

Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Shine Wind Development Limited	2101 Beneficial owner

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