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Sunland Group (ASX:SDG) Interest Expense : A$-7.8 Mil (TTM As of Jun. 2023)


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What is Sunland Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sunland Group's interest expense for the six months ended in Jun. 2023 was A$ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-7.8 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. Sunland Group's Operating Income for the six months ended in Jun. 2023 was A$ 10.5 Mil. Sunland Group's Interest Expense for the six months ended in Jun. 2023 was A$ 0.0 Mil. Sunland Group has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sunland Group Interest Expense Historical Data

The historical data trend for Sunland 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.

* Premium members only.

Sunland Group Interest Expense Chart

Sunland Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
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Sunland Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -12.71 - -7.83 -

Sunland 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-7.8 Mil.

* 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.

Sunland Group  (ASX:SDG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sunland Group's Interest Expense for the six months ended in Jun. 2023 was A$0.0 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$10.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.0 Mil.

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

Sunland Group had no long-term debt (1).

* 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.

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. Sunland Group Ltd interest coverage is 4.68, which is low.

Sunland Group (ASX:SDG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunland Group Ltd (ASX:SDG) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
12 Creek Street, Brisbane, QLD, AUS, 4000
Website
https://www.sunlandgroup.com.au
Sunland Group Ltd is a real estate development company. The company's operating segment includes Land and Housing; Multistorey and Other. It generates maximum revenue from the Multistorey segment. Land and Housing segment comprises of medium-density integrated housing developments and land subdivision. The MultiStorey segment comprises of medium-rise apartment projects generally between five and 15 storeys and high-rise developments above 15 storeys. It derives revenue from the sale of properties.