China Jinmao Holdings Group (China Jinmao Holdings Group) Interest Expense : $-421 Mil (TTM As of Dec. 2023)

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What is China Jinmao Holdings Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Jinmao Holdings Group's interest expense for the six months ended in Dec. 2023 was $ -219 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-421 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 Jinmao Holdings Group's Operating Income for the six months ended in Dec. 2023 was $ 147 Mil. China Jinmao Holdings Group's Interest Expense for the six months ended in Dec. 2023 was $ -219 Mil. China Jinmao Holdings Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.67. 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 Jinmao Holdings Group Interest Expense Historical Data

The historical data trend for China Jinmao Holdings 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 Jinmao Holdings Group Interest Expense Chart

China Jinmao Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-323.76

-417.01

-437.67

-388.88

-422.10

China Jinmao Holdings 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	Get a 7-Day Free Trial															-196.99	-202.39	-194.51	-202.35	-219.15

China Jinmao Holdings 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 $-421 Mil.

China Jinmao Holdings Group (OTCPK:FRSHY) 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 Jinmao Holdings Group's Interest Expense for the six months ended in Dec. 2023 was $-219 Mil. Its Operating Income for the six months ended in Dec. 2023 was $147 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $14,627 Mil.

China Jinmao Holdings 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	*	147.005	/	-219.149
	=	0.67

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 Jinmao Holdings Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China Jinmao Holdings Group (China Jinmao Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Jinmao Holdings Group Ltd (OTCPK:FRSHY) » Definitions » Interest Expense

Traded in Other Exchanges

00817:Hong Kong 3F5:Germany

Address

No. 1 Harbour Road, Room 4702-4703, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

https://www.chinajinmao.cn

China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China, and listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in higher-tier cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and as the second largest shareholder.