City Developments (SGX:C09) Interest Expense : S$-444 Mil (TTM As of Dec. 2023)

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What is City Developments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. City Developments's interest expense for the six months ended in Dec. 2023 was S$ -248 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-444 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. City Developments's Operating Income for the six months ended in Dec. 2023 was S$ 393 Mil. City Developments's Interest Expense for the six months ended in Dec. 2023 was S$ -248 Mil. City Developments's Interest Coverage for the quarter that ended in Dec. 2023 was 1.58. 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.

City Developments Interest Expense Historical Data

The historical data trend for City Developments'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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City Developments Interest Expense Chart

City Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-182.94

-198.53

-180.94

-240.07

-444.11

City Developments 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															-81.50	-94.24	-145.83	-196.27	-247.83

City Developments 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 S$-444 Mil.

City Developments (SGX:C09) 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.

City Developments's Interest Expense for the six months ended in Dec. 2023 was S$-248 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$393 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$8,362 Mil.

City Developments'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	*	392.604	/	-247.833
	=	1.58

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. City Developments Ltd interest coverage is 1.49, which is low.

City Developments (SGX:C09) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City Developments Ltd (SGX:C09) » Definitions » Interest Expense

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CDEVY:USA C70.PFD:Singapore

Address

9 Raffles Place, No. 12-01 Republic Plaza, Singapore, SGP, 048619

Website

http://www.cdl.com.sg

City Developments, or CDL, is a listed property group of parent company Hong Leong Group. CDL's main businesses in property development and hotel operations makes up the majority of the group's operating profit. A portfolio of investment properties underpins recurring rental income and increasing income from investment properties is a key strategy for the group in the medium term. CDL's key geography is in Singapore with almost half of the group's total assets derived there. Its expansion into international markets is focused on the United Kingdom, China and Japan. CDL privatized its hotel operations, Millennium and Copthorne in 2019.

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