WANG & LEE Group (WANG & LEE Group) Interest Expense : $-0.06 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is WANG & LEE Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WANG & LEE Group's interest expense for the six months ended in Dec. 2023 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.06 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. WANG & LEE Group's Operating Income for the six months ended in Dec. 2023 was $ 0.87 Mil. WANG & LEE Group's Interest Expense for the six months ended in Dec. 2023 was $ -0.04 Mil. WANG & LEE Group's Interest Coverage for the quarter that ended in Dec. 2023 was 23.51. 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.

WANG & LEE Group Interest Expense Historical Data

The historical data trend for WANG & LEE 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.

WANG & LEE Group Interest Expense Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.05

-0.01

-0.04

-0.06

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.01	-0.01	-0.02	-0.03	-0.04

WANG & LEE 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.06 Mil.

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group's Interest Expense for the six months ended in Dec. 2023 was $-0.04 Mil. Its Operating Income for the six months ended in Dec. 2023 was $0.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.68 Mil.

WANG & LEE Group'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	*	0.87	/	-0.037
	=	23.51

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

WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

WANG & LEE Group (WANG & LEE Group) Headlines

From GuruFocus

WANG & LEE GROUP, Inc. Bid Price Deficiency

By Marketwired • 10-25-2023

WANG & LEE GROUP, Inc. Announces Closing of $8 Million Initial Public Offering

By sperokesalga sperokesalga • 04-24-2023