Cornerstone Technologies Holdings (HKSE:08391) Interest Expense : HK$-3.8 Mil (TTM As of Dec. 2023)

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What is Cornerstone Technologies Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cornerstone Technologies Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.8 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. Cornerstone Technologies Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ -69.4 Mil. Cornerstone Technologies Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -1.9 Mil. Cornerstone Technologies Holdings did not have earnings to cover the interest expense. 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.

Cornerstone Technologies Holdings Interest Expense Historical Data

The historical data trend for Cornerstone Technologies 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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Cornerstone Technologies Holdings Interest Expense Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Interest Expense

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-0.21

-0.86

-1.22

-0.60

-2.44

Cornerstone Technologies 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															-0.15	-0.73	-0.85	-0.30	-1.89

Cornerstone Technologies 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$-3.8 Mil.

Cornerstone Technologies Holdings (HKSE:08391) 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.

Cornerstone Technologies Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-1.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-69.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$63.1 Mil.

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

Cornerstone Technologies Holdings did not have earnings to cover the interest expense.

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

Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

Executives

Wu Jianwei	2101 Beneficial owner
Liang Zihao	2101 Beneficial owner
Global Fortune Global Limited	2101 Beneficial owner
Tanner Enterprises Group Limited	2201 Interest of corporation controlled by you
Glorytwin Limited	2101 Beneficial owner
Wu Yanyan	2101 Beneficial owner
Li Man Keung Edwin	2201 Interest of corporation controlled by you
Gateway Capital (hong Kong) Limited	2102 Investment manager
Gaw Growth Equity Fund I Gp Limited	2201 Interest of corporation controlled by you
Abax Asian Structured Private Credit Fund 2022, Lp	2101 Beneficial owner
Abax Global Capital Gp 2022 Ltd.	2201 Interest of corporation controlled by you
Lau Wai Yan Lawson	2101 Beneficial owner

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