HTCO (High-Trend International Group) Interest Expense : $-0.09 Mil (TTM As of Oct. 2024)

View and export this data going back to 2022. Start your Free Trial

What is High-Trend International Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High-Trend International Group's interest expense for the six months ended in Oct. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $-0.09 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. High-Trend International Group's Operating Income for the six months ended in Oct. 2024 was $ 2.16 Mil. High-Trend International Group's Interest Expense for the six months ended in Oct. 2024 was $ -0.04 Mil. High-Trend International Group's Interest Coverage for the quarter that ended in Oct. 2024 was 52.71. 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.

High-Trend International Group Interest Expense Historical Data

The historical data trend for High-Trend International Group'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.

High-Trend International Group Interest Expense Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Interest Expense

-0.06

-0.12

-0.10

-0.11

-0.09

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Interest Expense	Get a 7-Day Free Trial				-0.05	-0.06	-0.06	-0.05	-0.04

High-Trend International Group 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 Oct. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.09 Mil.

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group's Interest Expense for the six months ended in Oct. 2024 was $-0.04 Mil. Its Operating Income for the six months ended in Oct. 2024 was $2.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2024 was $0.92 Mil.

High-Trend International Group's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2024 )	/	Interest Expense (Q: Oct. 2024 )
	=	-1	*	2.161	/	-0.041
	=	52.71

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

High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Office Unit 1125, 11th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG

Website

http://www.caravelleglobal.com

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service.