China Hongqiao Group (HKSE:01378) Interest Expense : HK$-3,574 Mil (TTM As of Dec. 2023)

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What is China Hongqiao Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Hongqiao Group's interest expense for the six months ended in Dec. 2023 was HK$ -1,961 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3,574 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 Hongqiao Group's Operating Income for the six months ended in Dec. 2023 was HK$ 15,073 Mil. China Hongqiao Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -1,961 Mil. China Hongqiao Group's Interest Coverage for the quarter that ended in Dec. 2023 was 7.68. 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 Hongqiao Group Interest Expense Historical Data

The historical data trend for China Hongqiao 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.

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China Hongqiao Group Interest Expense Chart

China Hongqiao Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5,808.11

-5,341.84

-4,439.89

-3,371.97

-3,574.40

China Hongqiao Group 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															-2,126.16	-1,936.34	-1,527.29	-1,612.97	-1,961.43

China Hongqiao 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 HK$-3,574 Mil.

China Hongqiao Group (HKSE:01378) 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 Hongqiao Group's Interest Expense for the six months ended in Dec. 2023 was HK$-1,961 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$15,073 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$16,088 Mil.

China Hongqiao 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	*	15073.38	/	-1961.434
	=	7.68

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

China Hongqiao Group (HKSE:01378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Hongqiao Group Ltd (HKSE:01378) » Definitions » Interest Expense

Traded in Other Exchanges

CHHQF:USA H0Q:Germany

Address

Huixian One Road, Zouping Economic Development District, Shandong Province, Zouping, CHN, 256200

Website

http://www.hongqiaochina.com

China Hongqiao Group Ltd manufactures and sells aluminum products. Its products include molten aluminum alloy, aluminum alloy ingots, aluminum busbars, aluminum alloy processing products, and alumina products. The company has the manufacturing and sale of aluminum products segment. The company's geographical segments are China, India, Europe, Malaysia, and others, out of which China accounts for the majority of the revenue.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Cti Capital Management Limited	2101 Beneficial owner
China Hongqiao Holdings Limited
Shiping Prosperity Private Trust Company
Zhang Bo
Zhang Hongxia
Zhang Yanhong
Zhang Shiping
Zheng Shuliang
Zhong Xin Xin Hui Guo Ji Zi Ben You Xian Gong Si

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