China Evergrande Group (China Evergrande Group) Interest Expense : $-1,845 Mil (TTM As of Jun. 2023)

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What is China Evergrande Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Evergrande Group's interest expense for the six months ended in Jun. 2023 was $ -1,881 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-1,845 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 Evergrande Group's Operating Income for the six months ended in Jun. 2023 was $ 100 Mil. China Evergrande Group's Interest Expense for the six months ended in Jun. 2023 was $ -1,881 Mil. China Evergrande Group's Interest Coverage for the quarter that ended in Jun. 2023 was 0.05. 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 Evergrande Group Interest Expense Historical Data

The historical data trend for China Evergrande 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 Evergrande Group Interest Expense Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1,161.00

-2,497.40

-1,874.82

-7,084.30

-4,901.82

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-918.29	-6,157.98	-5,141.74	36.00	-1,881.48

China Evergrande 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1,845 Mil.

China Evergrande Group (OTCPK:EGRNF) 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 Evergrande Group's Interest Expense for the six months ended in Jun. 2023 was $-1,881 Mil. Its Operating Income for the six months ended in Jun. 2023 was $100 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $6,048 Mil.

China Evergrande Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	99.98	/	-1881.476
	=	0.05

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. China Evergrande Groups earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNF) » Definitions » Interest Expense

Traded in Other Exchanges

03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.