Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) Interest Expense : HK$-0.61 Mil (TTM As of Jun. 2024)

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What is Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's interest expense for the six months ended in Jun. 2024 was HK$ -0.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-0.61 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. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Operating Income for the six months ended in Jun. 2024 was HK$ 12.13 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Expense for the six months ended in Jun. 2024 was HK$ -0.53 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage for the quarter that ended in Jun. 2024 was 23.11. 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Expense Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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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Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Expense Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.31

-0.24

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Interest Expense	-	-	-0.16	-0.08	-0.53

Guangdong Syntrust GK Testing and Certification Tech Service Center Co 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0.61 Mil.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Expense for the six months ended in Jun. 2024 was HK$-0.53 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$12.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$39.96 Mil.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	12.133	/	-0.525
	=	23.11

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

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Xinshang Road, 1st Floor, Building A, Construction Bureau Compound, Guangdong Province, Xinyi, CHN

Website

https://www.xyjiance.cn

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services including foundation testing service, infrastructure and public roads testing service, construction material testing service, as well as building structure testing service. Additionally, It provides construction engineering inspection services including slope monitoring and foundation pit monitoring services.

Executives

Chen Menghua	2101 Beneficial owner
Z K	2101 Beneficial owner
Lln Sheng Yu	2101 Beneficial owner
Lu Sili	2101 Beneficial owner
Zhang Yunling	2101 Beneficial owner
Liang Yishuang	2101 Beneficial owner
Lin Jiangjun	2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si	2101 Beneficial owner

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