Kangji Medical Holdings (HKSE:09997) Interest Expense : HK$-2 Mil (TTM As of Dec. 2023)

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What is Kangji Medical Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kangji Medical Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-2 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. Kangji Medical Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 319 Mil. Kangji Medical Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -1 Mil. Kangji Medical Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 270.50. 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.

Kangji Medical Holdings Interest Expense Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Interest Expense Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.05

-0.24

-2.09

-2.47

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-0.11	-0.84	-1.30	-1.29	-1.18

Kangji Medical 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-2 Mil.

Kangji Medical Holdings (HKSE:09997) 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.

Kangji Medical Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-1 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$319 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$41 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	319.458	/	-1.181
	=	270.50

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kangji Medical Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Interest Expense

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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