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Wing Lee Development Construction Holdings (HKSE:09639) Interest Expense : HK$-2.7 Mil (TTM As of Sep. 2024)


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What is Wing Lee Development Construction Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wing Lee Development Construction Holdings's interest expense for the six months ended in Sep. 2024 was HK$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-2.7 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. Wing Lee Development Construction Holdings's Operating Income for the six months ended in Sep. 2024 was HK$ 47.1 Mil. Wing Lee Development Construction Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$ -1.5 Mil. Wing Lee Development Construction Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 31.18. 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.

Wing Lee Development Construction Holdings Interest Expense Historical Data

The historical data trend for Wing Lee Development Construction 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.

* Premium members only.

Wing Lee Development Construction Holdings Interest Expense Chart

Wing Lee Development Construction Holdings Annual Data
Trend Mar22 Mar23 Mar24
Interest Expense
-1.33 -1.92 -2.37

Wing Lee Development Construction Holdings Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24
Interest Expense - - -1.16 -1.21 -1.51

Wing Lee Development Construction 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-2.7 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.

Wing Lee Development Construction Holdings  (HKSE:09639) 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.

Wing Lee Development Construction Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$-1.5 Mil. Its Operating Income for the six months ended in Sep. 2024 was HK$47.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was HK$7.1 Mil.

Wing Lee Development Construction Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*47.089/-1.51
=31.18

* 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.

Wing Lee Development Construction Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Lee Development Construction Holdings Ltd (HKSE:09639) » Definitions » Interest Expense
Comparable Companies
HKSE:00687 HKSE:01727 HKSE:01499 HKSE:01283 HKSE:00711 HKSE:02262 HKSE:00611 HKSE:01780 HKSE:01903 HKSE:03928 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME HKSE:01800 SHSE:601390 XPAR:EN XMAD:ACS
Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG
Website
https://www.winglee.com.hk
Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialize in site formation works and road and drainage works, and its electrical cable engineering works specialize in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.
Executives
Chan Lo Man 2201 Interest of corporation controlled by you
Chen Caiyun 2202 Interest of your spouse
Lam Yan Ki Maggie 2202 Interest of your spouse
Liu Ying 2202 Interest of your spouse
Rong Li Lv Se Fa Zhan You Xian Gong Si 2101 Beneficial owner
Yiu Wang Lee 2201 Interest of corporation controlled by you
Yiu Wang Lung 2201 Interest of corporation controlled by you

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