Grand T G Gold Holdings (HKSE:08299) Interest Expense : HK$-8.5 Mil (TTM As of Sep. 2023)

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What is Grand T G Gold Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand T G Gold Holdings's interest expense for the three months ended in Sep. 2023 was HK$ -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-8.5 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. Grand T G Gold Holdings's Operating Income for the three months ended in Sep. 2023 was HK$ 5.8 Mil. Grand T G Gold Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$ -2.8 Mil. Grand T G Gold Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 2.07. 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.

Grand T G Gold Holdings Interest Expense Historical Data

The historical data trend for Grand T G Gold 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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Grand T G Gold Holdings Interest Expense Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

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Mar20

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Mar23

Interest Expense

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-28.01

-13.84

-13.60

-17.32

-10.79

Grand T G Gold Holdings 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															-2.55	-2.19	-1.58	-1.93	-2.82

Grand T G Gold 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-8.5 Mil.

Grand T G Gold Holdings (HKSE:08299) 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.

Grand T G Gold Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$-2.8 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$497.8 Mil.

Grand T G Gold Holdings'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	*	5.832	/	-2.822
	=	2.07

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. Grand T G Gold Holdings Ltd interest coverage is 3.68, which is low.

Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Interest Expense

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

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