VNET Group (VNET Group) Interest Expense : $-43 Mil (TTM As of Sep. 2023)

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What is VNET Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VNET Group's interest expense for the three months ended in Sep. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-43 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. VNET Group's Operating Income for the three months ended in Sep. 2023 was $ 4 Mil. VNET Group's Interest Expense for the three months ended in Sep. 2023 was $ -13 Mil. VNET Group's Interest Coverage for the quarter that ended in Sep. 2023 was 0.35. 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.

VNET Group Interest Expense Historical Data

The historical data trend for VNET 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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VNET Group Interest Expense Chart

VNET Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-34.29

-49.33

-58.20

-52.59

-39.20

VNET Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-11.22	-10.46	-10.13	-10.01	-12.58

VNET 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43 Mil.

VNET Group (NAS:VNET) 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.

VNET Group's Interest Expense for the three months ended in Sep. 2023 was $-13 Mil. Its Operating Income for the three months ended in Sep. 2023 was $4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $1,492 Mil.

VNET Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	4.41	/	-12.579
	=	0.35

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

VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Interest Expense

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217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.