China Agri-Products Exchange (HKSE:00149) Interest Expense : HK$-111.7 Mil (TTM As of Sep. 2023)

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What is China Agri-Products Exchange Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Agri-Products Exchange's interest expense for the six months ended in Sep. 2023 was HK$ -58.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-111.7 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. China Agri-Products Exchange's Operating Income for the six months ended in Sep. 2023 was HK$ 69.3 Mil. China Agri-Products Exchange's Interest Expense for the six months ended in Sep. 2023 was HK$ -58.0 Mil. China Agri-Products Exchange's Interest Coverage for the quarter that ended in Sep. 2023 was 1.19. 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.

China Agri-Products Exchange Interest Expense Historical Data

The historical data trend for China Agri-Products Exchange'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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China Agri-Products Exchange Interest Expense Chart

China Agri-Products Exchange Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Interest Expense

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-271.75

-211.70

-157.09

-131.97

-118.45

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-66.13	-65.84	-64.69	-53.76	-57.98

China Agri-Products Exchange 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 HK$-111.7 Mil.

China Agri-Products Exchange (HKSE:00149) 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.

China Agri-Products Exchange's Interest Expense for the six months ended in Sep. 2023 was HK$-58.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$69.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$990.6 Mil.

China Agri-Products Exchange'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	*	69.27	/	-57.982
	=	1.19

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Agri-Products Exchange Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China Agri-Products Exchange (HKSE:00149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

Executives

Tang Ching Ho	2201 Interest of corporation controlled by you
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