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Chinese Energy Holdings (HKSE:08009) Interest Expense : HK$-0.1 Mil (TTM As of Sep. 2023)


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What is Chinese Energy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chinese Energy Holdings's interest expense for the three months ended in Sep. 2023 was HK$ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.1 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. Chinese Energy Holdings's Operating Income for the three months ended in Sep. 2023 was HK$ 3.8 Mil. Chinese Energy Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.0 Mil. Chinese Energy Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 174.27. 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.


Chinese Energy Holdings Interest Expense Historical Data

The historical data trend for Chinese Energy 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.

* Premium members only.

Chinese Energy Holdings Interest Expense Chart

Chinese Energy Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.56 -2.41 -2.38 -0.09 -0.07

Chinese Energy Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.02 -0.01 -0.01 -0.02

Chinese Energy 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 quarterly data reported by the company within the most recent 12 months, which was HK$-0.1 Mil.

* 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.


Chinese Energy Holdings  (HKSE:08009) Interest Expense Explanation

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. The higher, the better.

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

Chinese Energy Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$-0.0 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$3.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$0.6 Mil.

Chinese Energy 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*3.834/-0.022
=174.27

* 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.

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. Chinese Energy Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Chinese Energy Holdings (HKSE:08009) Business Description

Traded in Other Exchanges
N/A
Address
Number 168-200 Connaught Road Central, Unit 3517, 35th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG
Chinese Energy Holdings Ltd is an investment holding company principally engaged in general trading. The Company mainly operates its business through three segments. The General Trading segment is engaged in the trading including market sourcing of technical and electronic products. The Trading of Liquefied Natural Gas (LNG) Products segment engages in the trading of LNG products. The Investment In Financial Assets segment invests in financial assets.

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