Ming Shing Group Holdings (Ming Shing Group Holdings) Interest Expense : $-0.23 Mil (TTM As of Sep. 2023)

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What is Ming Shing Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ming Shing Group Holdings's interest expense for the six months ended in Sep. 2023 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.23 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. Ming Shing Group Holdings's Operating Income for the six months ended in Sep. 2023 was $ 1.38 Mil. Ming Shing Group Holdings's Interest Expense for the six months ended in Sep. 2023 was $ -0.13 Mil. Ming Shing Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 10.32. 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.

Ming Shing Group Holdings Interest Expense Historical Data

The historical data trend for Ming Shing Group 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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Ming Shing Group Holdings Interest Expense Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-0.09

-0.08

-0.18

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-0.03	-0.05	-0.08	-0.10	-0.13

Ming Shing Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.23 Mil.

Ming Shing Group Holdings (NAS:MSW) 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.

Ming Shing Group Holdings's Interest Expense for the six months ended in Sep. 2023 was $-0.13 Mil. Its Operating Income for the six months ended in Sep. 2023 was $1.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $2.77 Mil.

Ming Shing Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.383	/	-0.134
	=	10.32

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

Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

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