Freetech Road Recycling Technology (Holdings) (HKSE:06888) Interest Expense : HK$-3.2 Mil (TTM As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Freetech Road Recycling Technology (Holdings)'s interest expense for the six months ended in Dec. 2023 was HK$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.2 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. Freetech Road Recycling Technology (Holdings)'s Operating Income for the six months ended in Dec. 2023 was HK$ 22.0 Mil. Freetech Road Recycling Technology (Holdings)'s Interest Expense for the six months ended in Dec. 2023 was HK$ -1.5 Mil. Freetech Road Recycling Technology (Holdings)'s Interest Coverage for the quarter that ended in Dec. 2023 was 14.71. 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.

Freetech Road Recycling Technology (Holdings) Interest Expense Historical Data

The historical data trend for Freetech Road Recycling Technology (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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Freetech Road Recycling Technology (Holdings) Interest Expense Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.17

-4.76

-4.62

-4.44

-3.24

Freetech Road Recycling Technology (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															-2.28	-2.11	-2.33	-1.75	-1.50

Freetech Road Recycling Technology (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$-3.2 Mil.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) 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.

Freetech Road Recycling Technology (Holdings)'s Interest Expense for the six months ended in Dec. 2023 was HK$-1.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$22.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$1.0 Mil.

Freetech Road Recycling Technology (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	*	21.994	/	-1.495
	=	14.71

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

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

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