Watts International Maritime Co (HKSE:02258) Interest Expense : HK$-26 Mil (TTM As of Dec. 2023)

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What is Watts International Maritime Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Watts International Maritime Co's interest expense for the six months ended in Dec. 2023 was HK$ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-26 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. Watts International Maritime Co's Operating Income for the six months ended in Dec. 2023 was HK$ 59 Mil. Watts International Maritime Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -9 Mil. Watts International Maritime Co's Interest Coverage for the quarter that ended in Dec. 2023 was 6.66. 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.

Watts International Maritime Co Interest Expense Historical Data

The historical data trend for Watts International Maritime Co'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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Watts International Maritime Co Interest Expense Chart

Watts International Maritime Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.59

-24.00

-23.40

-28.67

-25.75

Watts International Maritime Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-10.56	-14.80	-14.57	-16.90	-8.85

Watts International Maritime Co 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$-26 Mil.

Watts International Maritime Co (HKSE:02258) 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.

Watts International Maritime Co's Interest Expense for the six months ended in Dec. 2023 was HK$-9 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$11 Mil.

Watts International Maritime Co'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	*	58.959	/	-8.85
	=	6.66

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

Watts International Maritime Co (HKSE:02258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Watts International Maritime Co Ltd (HKSE:02258) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

2816 Yixian Road, 5th Floor, Tower 17, Baoshan District, Shanghai, CHN

Website

http://www.shbt-china.com

Watts International Maritime Co Ltd is an investment holding company. It is engaged in the port, waterway, and marine engineering work that includes the construction and installation of structures and facilities in river and sea areas. Its business operations comprise Marine construction and Municipal public construction. The company generates maximum revenue from the Municipal public construction segment.

Executives

Wang Likai	2103 Interests held jointly with another person
Wang Shiqin	2103 Interests held jointly with another person
Wang Shizhong	2201 Interest of corporation controlled by you
Wang Xiuchun	2103 Interests held jointly with another person
Ye Kangshun	2201 Interest of corporation controlled by you
Zhou Meng	2103 Interests held jointly with another person
Huazi Holding Limited	2101 Beneficial owner
Hz&bt Development Holding Limited	2101 Beneficial owner
Ye Wang Zhou Holding Limited	2101 Beneficial owner

Watts International Maritime Co (HKSE:02258) Headlines

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