Xinyi Glass Holdings (HKSE:00868) Interest Expense : HK$-503 Mil (TTM As of Dec. 2023)

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What is Xinyi Glass Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinyi Glass Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -228 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-503 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. Xinyi Glass Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 3,601 Mil. Xinyi Glass Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -228 Mil. Xinyi Glass Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 15.81. 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.

Xinyi Glass Holdings Interest Expense Historical Data

The historical data trend for Xinyi Glass 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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Xinyi Glass Holdings Interest Expense Chart

Xinyi Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-273.92

-192.77

-155.06

-371.54

-503.41

Xinyi Glass Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-85.56	-124.01	-247.53	-275.63	-227.77

Xinyi Glass 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-503 Mil.

Xinyi Glass Holdings (HKSE:00868) 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.

Xinyi Glass Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-228 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$3,601 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$2,930 Mil.

Xinyi Glass Holdings'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	*	3600.682	/	-227.774
	=	15.81

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

Xinyi Glass Holdings (HKSE:00868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Xinyi Glass Holdings Ltd (HKSE:00868) » Definitions » Interest Expense

Traded in Other Exchanges

XYIGY:USA XYIGF:USA XI9:Germany

Address

135 Hoi Bun Road, Unit 2101-2108, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyiglass.com

Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.

Executives

Sze Tan Hung	2101 Beneficial owner
Tung Ching Sai	2202 Interest of your spouse
Tung Ching Bor	2101 Beneficial owner
Lee Sing Din	2103 Interests held jointly with another person
Lee Yin Yee	2201 Interest of corporation controlled by you

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