Horizon Construction Development (HKSE:09930) Interest Expense : HK$-864 Mil (TTM As of Dec. 2024)

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What is Horizon Construction Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Construction Development's interest expense for the six months ended in Dec. 2024 was HK$ -452 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-864 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. Horizon Construction Development's Operating Income for the six months ended in Dec. 2024 was HK$ 1,233 Mil. Horizon Construction Development's Interest Expense for the six months ended in Dec. 2024 was HK$ -452 Mil. Horizon Construction Development's Interest Coverage for the quarter that ended in Dec. 2024 was 2.73. 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.

Horizon Construction Development Interest Expense Historical Data

The historical data trend for Horizon Construction Development'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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Horizon Construction Development Interest Expense Chart

Horizon Construction Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

-360.35

-796.29

-1,032.76

-912.39

-860.36

Horizon Construction Development Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial			-547.15	-497.26	-415.13	-411.34	-452.41

Horizon Construction Development 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-864 Mil.

Horizon Construction Development (HKSE:09930) 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.

Horizon Construction Development's Interest Expense for the six months ended in Dec. 2024 was HK$-452 Mil. Its Operating Income for the six months ended in Dec. 2024 was HK$1,233 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was HK$15,810 Mil.

Horizon Construction Development's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1233.304	/	-452.405
	=	2.73

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. Horizon Construction Development Ltd interest coverage is 2.38, which is low.

Horizon Construction Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon Construction Development Ltd (HKSE:09930) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

B7H:Germany

Address

200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN

Website

http://www.hongxinjianfa.com

Horizon Construction Development Ltd is an equipment operation service provider. The Group is committed to providing one-stop comprehensive solutions of products and services for domestic and overseas clients in the construction and industrial sectors. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Asset management and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing equipment and materials to customers and generating revenue mainly from rental fees payable by customers.

Executives

He Zi Ming	2101 Beneficial owner
Far East Horizon Limited	2101 Beneficial owner
Farsighted Wit Limited
Tian Jin Hong Sheng Zu Lin You Xian Gong Si
Tian Jin Hong Jian Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Tian Jin Lan Jin Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Yuan Dong Guo Ji Rong Zi Zu Lin You Xian Gong Si
Yuan Dong Hong Xin Tian Jin Rong Zi Zu Lin You Xian Gong Si

Horizon Construction Development Headlines

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