Hang Lung Group (Hang Lung Group) Interest Expense

: $-80 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hang Lung Group's interest expense for the six months ended in Dec. 2023 was $ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-80 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. Hang Lung Group's Operating Income for the six months ended in Dec. 2023 was $ 438 Mil. Hang Lung Group's Interest Expense for the six months ended in Dec. 2023 was $ -45 Mil. Hang Lung Group's Interest Coverage for the quarter that ended in Dec. 2023 was 9.63. 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.

Hang Lung Group Interest Expense Historical Data

The historical data trend for Hang Lung 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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Hang Lung Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-8.97

-19.09

-55.14

-57.67

-79.77

Hang Lung Group 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																-29.49	-28.16	-29.29	-34.21	-45.46

Hang Lung 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 $-80 Mil.

Hang Lung Group (OTCPK:HNLGY) 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.

Hang Lung Group's Interest Expense for the six months ended in Dec. 2023 was $-45 Mil. Its Operating Income for the six months ended in Dec. 2023 was $438 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5,955 Mil.

Hang Lung 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	*	437.783	/	-45.456
	=	9.63

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

Hang Lung Group (Hang Lung Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Group Ltd (OTCPK:HNLGY) » Definitions » Interest Expense

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Traded in Other Exchanges

HNLGF:USA 00010:Hong Kong

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglunggroup.com

Hang Lung Group Ltd is an investment holding company engaged in the property leasing business. The Company operates its business through two segments. The Property Leasing segment engages in the property leasing operation. The Company's investment properties portfolio consists of retail, office, residential, serviced apartments, and car parks, located in mainland China and Hong Kong, and the Property Sales segment engages in the development and sale of trading properties in mainland China and Hong Kong. It derives a majority of its revenue from the property leasing segment.

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