Weigang Environmental Technology Holding Group (HKSE:01845) Interest Expense : HK$-2.8 Mil (TTM As of Dec. 2023)

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What is Weigang Environmental Technology Holding Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weigang Environmental Technology Holding Group's interest expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-2.8 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. Weigang Environmental Technology Holding Group's Operating Income for the six months ended in Dec. 2023 was HK$ -9.6 Mil. Weigang Environmental Technology Holding Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. Weigang Environmental Technology Holding Group did not have earnings to cover the interest expense. 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.

Weigang Environmental Technology Holding Group Interest Expense Historical Data

The historical data trend for Weigang Environmental Technology Holding 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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Weigang Environmental Technology Holding Group Interest Expense Chart

Weigang Environmental Technology Holding Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.22

-2.88

-3.12

-3.13

-2.82

Weigang Environmental Technology Holding Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-1.33	-1.70	-1.51	-1.45	-1.36

Weigang Environmental Technology Holding 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$-2.8 Mil.

Weigang Environmental Technology Holding Group (HKSE:01845) 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.

Weigang Environmental Technology Holding Group's Interest Expense for the six months ended in Dec. 2023 was HK$-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-9.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$7.7 Mil.

Weigang Environmental Technology Holding Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Weigang Environmental Technology Holding Group did not have earnings to cover the interest expense.

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

Weigang Environmental Technology Holding Group (HKSE:01845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN

Website

http://www.gzweigang.com

Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.

Executives

Zhang Weiyang	2201 Interest of corporation controlled by you
Weigang Green Technology Limited	2201 Interest of corporation controlled by you
Weigang Technology Limited	2101 Beneficial owner
Zhou Wenying	2202 Interest of your spouse
Dhw Holdings Limited	2101 Beneficial owner
Cai Zhuhua	2201 Interest of corporation controlled by you
Huang Ying	2202 Interest of your spouse

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