CDL Investments New Zealand (CDL Investments New Zealand) Interest Expense : $-0.01 Mil (TTM As of Dec. 2023)

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What is CDL Investments New Zealand Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CDL Investments New Zealand's interest expense for the six months ended in Dec. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.01 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. CDL Investments New Zealand's Operating Income for the six months ended in Dec. 2023 was $ 6.34 Mil. CDL Investments New Zealand's Interest Expense for the six months ended in Dec. 2023 was $ -0.00 Mil. CDL Investments New Zealand's Interest Coverage for the quarter that ended in Dec. 2023 was 1,583.75. 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.

CDL Investments New Zealand Interest Expense Historical Data

The historical data trend for CDL Investments New Zealand'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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CDL Investments New Zealand Interest Expense Chart

CDL Investments New Zealand Annual Data

Trend

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Dec23

Interest Expense

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-0.01

CDL Investments New Zealand Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

CDL Investments New Zealand 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 $-0.01 Mil.

CDL Investments New Zealand (OTCPK:CLNZF) 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.

CDL Investments New Zealand's Interest Expense for the six months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was $6.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.04 Mil.

CDL Investments New Zealand'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	*	6.335	/	-0.004
	=	1,583.75

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. CDL Investments New Zealand Ltd has enough cash to cover all of its debt. Its financial situation is stable.

CDL Investments New Zealand (CDL Investments New Zealand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CDL Investments New Zealand Ltd (OTCPK:CLNZF) » Definitions » Interest Expense

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CDI:New Zealand

Address

Level 7, 23 Customs Street East, P O Box 3248, Shortland Street, Auckland, NZL, 1140

Website

https://www.cdlinvestments.co.nz

CDL Investments New Zealand Ltd is engaged in land-based investment and development. The principal activity of the company is the development and sale of residential land properties. The operating segments of the Group consist of property operations, comprising the development and sale of residential land sections and rental income from development properties and investment properties. The company's subdivisions include Magellan Heights, Northwood, Washbourn Terraces, and Stonebrook.

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