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Futu Holdings (MEX:FUTU) Interest Expense : MXN0 Mil (TTM As of Jun. 2024)


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What is Futu Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Futu Holdings's interest expense for the three months ended in Jun. 2024 was MXN 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was MXN0 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. Futu Holdings's Operating Income for the three months ended in Jun. 2024 was MXN 3,472 Mil. Futu Holdings's Interest Expense for the three months ended in Jun. 2024 was MXN 0 Mil. GuruFocus does not calculate Futu Holdings's interest coverage with the available data. 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.

Futu Holdings Interest Expense Historical Data

The historical data trend for Futu 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.

Futu Holdings Interest Expense Chart

Futu Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -215.65 -474.96 -991.38 -732.48 -

Futu Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -482.35 - - - -

Futu 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN0 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.

Futu Holdings  (MEX:FUTU) 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.

Futu Holdings's Interest Expense for the three months ended in Jun. 2024 was MXN0 Mil. Its Operating Income for the three months ended in Jun. 2024 was MXN3,472 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was MXN338 Mil.

Futu Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

GuruFocus does not calculate Futu Holdings's interest coverage with the available data.

* 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.

Good Sign:

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

Futu Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Futu Holdings Ltd (MEX:FUTU) » Definitions » Interest Expense
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Traded in Other Exchanges
FUTU:USA 6FHA:Germany
Address
No. 18 Bonham Strand West, 11th Floor, Bangkok Bank Building, Sheung Wan, Hong Kong, HKG
Website
https://www.futuholdings.com
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.