Echo International Holdings Group (HKSE:08218) Interest Expense : HK$-2.03 Mil (TTM As of Sep. 2023)

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What is Echo International Holdings Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Echo International Holdings Group's interest expense for the three months ended in Sep. 2023 was HK$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-2.03 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. Echo International Holdings Group's Operating Income for the three months ended in Sep. 2023 was HK$ 1.05 Mil. Echo International Holdings Group's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.12 Mil. Echo International Holdings Group's Interest Coverage for the quarter that ended in Sep. 2023 was 8.79. 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.

Echo International Holdings Group Interest Expense Historical Data

The historical data trend for Echo International Holdings Group'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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Echo International Holdings Group Interest Expense Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.04

-3.84

-4.69

-5.62

-3.70

Echo International Holdings Group 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															-0.78	-0.27	-1.48	-0.16	-0.12

Echo International Holdings Group 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$-2.03 Mil.

Echo International Holdings Group (HKSE:08218) 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.

Echo International Holdings Group's Interest Expense for the three months ended in Sep. 2023 was HK$-0.12 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$2.57 Mil.

Echo International Holdings Group'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	*	1.046	/	-0.119
	=	8.79

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

Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

Executives

Lissington Limited
Zheng Ze Li
Bluemount Investment Fund Spc - Bluemount Investment Fund Sp
Ecgo International Ltd
Zhou Qilin
Siu Hiu Ki Jamie
Siu Wang Kei
Yeung Tong Seng Terry
Liu Wing Yee Amy	2101 Beneficial owner
Lam Sau Man
Heilesen Henrick

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