China Vanke Co (SZSE:000002) Interest Expense : ¥-5,737 Mil (TTM As of Dec. 2023)

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What is China Vanke Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Vanke Co's interest expense for the three months ended in Dec. 2023 was ¥ -1,634 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-5,737 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 Vanke Co's Operating Income for the three months ended in Dec. 2023 was ¥ 5,273 Mil. China Vanke Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -1,634 Mil. China Vanke Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.23. 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 Vanke Co Interest Expense Historical Data

The historical data trend for China Vanke Co'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 Vanke Co Interest Expense Chart

China Vanke Co Annual Data

Trend

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Dec23

Interest Expense

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-9,255.27

-8,757.58

-7,861.35

-5,886.55

-5,737.47

China Vanke Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1,444.63	-1,585.09	-1,462.69	-1,055.64	-1,634.06

China Vanke Co 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 quarterly data reported by the company within the most recent 12 months, which was ¥-5,737 Mil.

China Vanke Co (SZSE:000002) 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 Vanke Co's Interest Expense for the three months ended in Dec. 2023 was ¥-1,634 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥5,273 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥277,280 Mil.

China Vanke Co'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	*	5273.328	/	-1634.062
	=	3.23

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

China Vanke Co (SZSE:000002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Vanke Co Ltd (SZSE:000002) » Definitions » Interest Expense

Traded in Other Exchanges

CHVKF:USA CHVKY:USA 02202:Hong Kong 18V:Germany

Address

Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083

Website

https://www.vanke.com

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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