WLS Holdings (HKSE:08021) Interest Expense : HK$-6.7 Mil (TTM As of Oct. 2023)

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What is WLS Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WLS Holdings's interest expense for the three months ended in Oct. 2023 was HK$ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was HK$-6.7 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. WLS Holdings's Operating Income for the three months ended in Oct. 2023 was HK$ 6.9 Mil. WLS Holdings's Interest Expense for the three months ended in Oct. 2023 was HK$ -1.6 Mil. WLS Holdings's Interest Coverage for the quarter that ended in Oct. 2023 was 4.31. 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.

WLS Holdings Interest Expense Historical Data

The historical data trend for WLS 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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WLS Holdings Interest Expense Chart

WLS Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-8.57

-9.80

-9.78

-8.05

-7.15

WLS Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial															-1.82	-1.82	-1.65	-1.66	-1.59

WLS 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-6.7 Mil.

WLS Holdings (HKSE:08021) 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.

WLS Holdings's Interest Expense for the three months ended in Oct. 2023 was HK$-1.6 Mil. Its Operating Income for the three months ended in Oct. 2023 was HK$6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was HK$0.5 Mil.

WLS Holdings's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	6.852	/	-1.588
	=	4.31

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. WLS Holdings Ltd interest coverage is 4.58, which is low.

WLS Holdings (HKSE:08021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG

Website

http://www.wls.com.hk

WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. It operates through the segments of Scaffolding, fitting out, and other auxiliary services for construction and building work, Money lending business, and Securities investment business. The group generates a majority of the revenue from the Scaffolding services segment Geographically, the company carries its business operations in Hong Kong.

Executives

Chong Man San Denise
Leung Wai Ho

WLS Holdings (HKSE:08021) Headlines

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