China New Consumption Group (HKSE:08275) Interest Expense : HK$-0.5 Mil (TTM As of Sep. 2023)

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What is China New Consumption Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China New Consumption Group's interest expense for the three months ended in Sep. 2023 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.5 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 New Consumption Group's Operating Income for the three months ended in Sep. 2023 was HK$ -1.4 Mil. China New Consumption Group's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.1 Mil. China New Consumption 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.

China New Consumption Group Interest Expense Historical Data

The historical data trend for China New Consumption 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 New Consumption Group Interest Expense Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.24

-2.31

-1.42

-0.69

-0.57

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.15	-0.13	-0.15	-0.13	-0.13

China New Consumption 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-0.5 Mil.

China New Consumption Group (HKSE:08275) 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 New Consumption Group's Interest Expense for the three months ended in Sep. 2023 was HK$-0.1 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$-1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$2.2 Mil.

China New Consumption Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

China New Consumption Group did not have earnings to cover the interest expense.

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

China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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