Hotel Grand Central (SGX:H18) Interest Expense : S$-0.4 Mil (TTM As of Dec. 2023)

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What is Hotel Grand Central Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hotel Grand Central's interest expense for the six months ended in Dec. 2023 was S$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-0.4 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. Hotel Grand Central's Operating Income for the six months ended in Dec. 2023 was S$ 10.9 Mil. Hotel Grand Central's Interest Expense for the six months ended in Dec. 2023 was S$ -0.4 Mil. Hotel Grand Central's Interest Coverage for the quarter that ended in Dec. 2023 was 30.46. 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.

Hotel Grand Central Interest Expense Historical Data

The historical data trend for Hotel Grand Central'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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Hotel Grand Central Interest Expense Chart

Hotel Grand Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.45

-1.69

-0.58

-0.40

-0.36

Hotel Grand Central 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															-0.36	-0.18	-0.23	-	-0.36

Hotel Grand Central 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$-0.4 Mil.

Hotel Grand Central (SGX:H18) 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.

Hotel Grand Central's Interest Expense for the six months ended in Dec. 2023 was S$-0.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$10.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$9.1 Mil.

Hotel Grand Central'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	*	10.906	/	-0.358
	=	30.46

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hotel Grand Central Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hotel Grand Central (SGX:H18) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hotel Grand Central Ltd (SGX:H18) » Definitions » Interest Expense

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Address

22 Cavenagh Road, Singapore, SGP, 229617

Website

https://www.grandcentral.com.sg

Hotel Grand Central Ltd is a Singapore-based company that owns and operates hotels and properties. It runs its business under the brand name Grand Hotels International and Hotel Grand Chancellor across Australia and New Zealand. It operates its business in five geographic segments, namely Singapore, Malaysia, Australia, New Zealand, and China. The company earns the majority of its revenue from Australia. The Group's products and services include hotel Operations & Commercial property investments, the majority is derived from Hotel operations.

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