Mi Ming Mart Holdings (HKSE:08473) Interest Expense : HK$-0.7 Mil (TTM As of Sep. 2023)

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What is Mi Ming Mart Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mi Ming Mart Holdings's interest expense for the three months ended in Sep. 2023 was HK$ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.7 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. Mi Ming Mart Holdings's Operating Income for the three months ended in Sep. 2023 was HK$ 8.5 Mil. Mi Ming Mart Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.2 Mil. Mi Ming Mart Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 53.12. 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.

Mi Ming Mart Holdings Interest Expense Historical Data

The historical data trend for Mi Ming Mart 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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Mi Ming Mart Holdings Interest Expense Chart

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.79

-0.73

-0.76

-0.67

Mi Ming Mart 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															-0.15	-0.17	-0.16	-0.17	-0.16

Mi Ming Mart 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$-0.7 Mil.

Mi Ming Mart Holdings (HKSE:08473) 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.

Mi Ming Mart Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$-0.2 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$8.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$5.0 Mil.

Mi Ming Mart 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	*	8.499	/	-0.16
	=	53.12

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

Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Executives

Prime Era Holdings Limited	2101 Beneficial owner
Lam Yue Yeung Anthony	2202 Interest of your spouse
Yuen Mi Ming Erica	2201 Interest of corporation controlled by you
Ying Ka Kwok Tania	2101 Beneficial owner

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