China Ocean Group Development (HKSE:08047) Interest Expense : HK$-12.2 Mil (TTM As of Sep. 2024)

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What is China Ocean Group Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Ocean Group Development's interest expense for the three months ended in Sep. 2024 was HK$ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-12.2 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 Ocean Group Development's Operating Income for the three months ended in Sep. 2024 was HK$ 0.0 Mil. China Ocean Group Development's Interest Expense for the three months ended in Sep. 2024 was HK$ 0.0 Mil. GuruFocus does not calculate China Ocean Group Development's interest coverage with the available data. 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 Ocean Group Development Interest Expense Historical Data

The historical data trend for China Ocean Group Development'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 Ocean Group Development Interest Expense Chart

China Ocean Group Development Annual Data

Trend

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Mar24

Interest Expense

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-18.99

-25.80

-29.70

-23.33

-23.85

China Ocean Group Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-4.30	-6.42	-5.77	-	-

China Ocean Group Development 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$-12.2 Mil.

China Ocean Group Development (HKSE:08047) 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 Ocean Group Development's Interest Expense for the three months ended in Sep. 2024 was HK$0.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was HK$0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was HK$4.5 Mil.

China Ocean Group Development's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

GuruFocus does not calculate China Ocean Group Development's interest coverage with the available data.

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. China Ocean Group Development Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China Ocean Group Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Ocean Group Development Ltd (HKSE:08047) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Wan Chai, Room 03, 22nd Floor, China Resources Building, Hong Kong, HKG

Website

http://www.chinaoceangroup.com.hk

China Ocean Group Development Ltd operates as a holding company. It is engaged in various business segments that are Supply Chain Management Segment services business, which provides services involving the planning and implementation of an integrated solution for the effective flow of business, logistic, information and funds; and Money Lending, which provides money lending services. The Ocean fishing segment which provides fishing and catching business in open sea beyond the coastal region. The Supply Chain Management services business segment generates maximum revenue for the company. Geographically, the company offers its services to Hong Kong and China.

Executives

Liu Yi	2101 Beneficial owner
Jing Peng Xin He (hong Kong) Limited	2101 Beneficial owner
Shenzhqn Jing Peng Xin Trade Co Ltd	2101 Beneficial owner
Chen Quan	2101 Beneficial owner

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