Sinofortune Financial Holdings (HKSE:08123) Interest Expense : HK$-2.7 Mil (TTM As of Dec. 2023)

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What is Sinofortune Financial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinofortune Financial Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-2.7 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. Sinofortune Financial Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ 9.8 Mil. Sinofortune Financial Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -0.8 Mil. Sinofortune Financial Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 11.81. 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.

Sinofortune Financial Holdings Interest Expense Historical Data

The historical data trend for Sinofortune Financial 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.

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Sinofortune Financial Holdings Interest Expense Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.74

-0.20

-0.25

-1.23

-2.71

Sinofortune Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.51	-0.62	-0.63	-0.63	-0.83

Sinofortune Financial 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-2.7 Mil.

Sinofortune Financial Holdings (HKSE:08123) 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.

Sinofortune Financial Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$9.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$0.4 Mil.

Sinofortune Financial Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.848	/	-0.834
	=	11.81

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

Sinofortune Financial Holdings (HKSE:08123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.

Executives

Wang Jiawei

2101 Beneficial owner

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