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China Golden Classic Group (HKSE:08281) Interest Expense : HK$-0.5 Mil (TTM As of Dec. 2023)


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What is China Golden Classic Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Golden Classic Group's interest expense for the three months ended in Dec. 2023 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.5 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 Golden Classic Group's Operating Income for the three months ended in Dec. 2023 was HK$ 0.4 Mil. China Golden Classic Group's Interest Expense for the three months ended in Dec. 2023 was HK$ -0.1 Mil. China Golden Classic Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.11. 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 Golden Classic Group Interest Expense Historical Data

The historical data trend for China Golden Classic 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.

* Premium members only.

China Golden Classic Group Interest Expense Chart

China Golden Classic Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.20 -3.11 -0.93 -0.27 -0.52

China Golden Classic Group 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 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 0.34 -0.15 -0.13 -0.13 -0.12

China Golden Classic 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-0.5 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.

China Golden Classic Group  (HKSE:08281) 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.

China Golden Classic Group's Interest Expense for the three months ended in Dec. 2023 was HK$-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$0.0 Mil.

China Golden Classic Group'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*0.386/-0.124
=3.11

* 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.

China Golden Classic Group (HKSE:08281) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Interest Expense
Comparable Companies
HKSE:08451 HKSE:02177 HKSE:02031 HKSE:00464 HKSE:01455 HKSE:08512 HKSE:01338 HKSE:01667 HKSE:08176 HKSE:03332 PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI
Traded in Other Exchanges
N/A
Address
No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN
Website
http://www.goldenclassicbio.com
China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.
Executives
Chongbo Mary Investment Limited 2101 Beneficial owner
Li Qiuyan 2201 Interest of corporation controlled by you

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