Hongli Group (Hongli Group) Interest Expense : $-0.64 Mil (TTM As of Dec. 2023)

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What is Hongli Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hongli Group's interest expense for the six months ended in Dec. 2023 was $ -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.64 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. Hongli Group's Operating Income for the six months ended in Dec. 2023 was $ 0.24 Mil. Hongli Group's Interest Expense for the six months ended in Dec. 2023 was $ -0.32 Mil. Hongli Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.74. 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.

Hongli Group Interest Expense Historical Data

The historical data trend for Hongli 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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Hongli Group Interest Expense Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.26

-0.37

-0.54

-0.24

-0.64

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-0.29	-0.13	-0.11	-0.33	-0.32

Hongli 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 $-0.64 Mil.

Hongli Group (NAS:HLP) 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.

Hongli Group's Interest Expense for the six months ended in Dec. 2023 was $-0.32 Mil. Its Operating Income for the six months ended in Dec. 2023 was $0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $3.34 Mil.

Hongli Group'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	*	0.235	/	-0.316
	=	0.74

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

Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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