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Bortex Global (HKSE:08118) Interest Expense : HK$-1.22 Mil (TTM As of Oct. 2023)


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What is Bortex Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bortex Global's interest expense for the three months ended in Oct. 2023 was HK$ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was HK$-1.22 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. Bortex Global's Operating Income for the three months ended in Oct. 2023 was HK$ 0.32 Mil. Bortex Global's Interest Expense for the three months ended in Oct. 2023 was HK$ -0.23 Mil. Bortex Global's Interest Coverage for the quarter that ended in Oct. 2023 was 1.41. 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.


Bortex Global Interest Expense Historical Data

The historical data trend for Bortex Global'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.

Bortex Global Interest Expense Chart

Bortex Global Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -0.28 -1.34 -1.91 -1.77 -1.46

Bortex Global Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -0.51 -0.46 -0.26 -0.27 -0.23

Bortex Global 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-1.22 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.


Bortex Global  (HKSE:08118) 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.

Bortex Global's Interest Expense for the three months ended in Oct. 2023 was HK$-0.23 Mil. Its Operating Income for the three months ended in Oct. 2023 was HK$0.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was HK$10.19 Mil.

Bortex Global's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Oct. 2023 )/Interest Expense (Q: Oct. 2023 )
=-1*0.323/-0.229
=1.41

* 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.


Bortex Global (HKSE:08118) Business Description

Traded in Other Exchanges
N/A
Address
58 Hung To Road, Room 29, 8th floor, Career and Kenson Industrial Mansion, Kowloon, Kwun Tong, Hong Kong, HKG
Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.
Executives
Real Charm Corp
Chung Yu Chun
Shiu Kwok Leung

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