CIFI Holdings (Group) Co (FRA:6CI) Interest Expense : €-389 Mil (TTM As of Dec. 2023)

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What is CIFI Holdings (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CIFI Holdings (Group) Co's interest expense for the six months ended in Dec. 2023 was € -207 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-389 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. CIFI Holdings (Group) Co's Operating Income for the six months ended in Dec. 2023 was € 676 Mil. CIFI Holdings (Group) Co's Interest Expense for the six months ended in Dec. 2023 was € -207 Mil. CIFI Holdings (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.27. 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.

CIFI Holdings (Group) Co Interest Expense Historical Data

The historical data trend for CIFI Holdings (Group) 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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CIFI Holdings (Group) Co Interest Expense Chart

CIFI Holdings (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-93.57

-83.90

-80.42

-347.36

-388.77

CIFI Holdings (Group) Co 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															-49.02	-52.62	-296.94	-182.49	-206.92

CIFI Holdings (Group) 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 semi-annually data reported by the company within the most recent 12 months, which was €-389 Mil.

CIFI Holdings (Group) Co (FRA:6CI) 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.

CIFI Holdings (Group) Co's Interest Expense for the six months ended in Dec. 2023 was €-207 Mil. Its Operating Income for the six months ended in Dec. 2023 was €676 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,971 Mil.

CIFI Holdings (Group) 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	*	675.66	/	-206.921
	=	3.27

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. CIFI Holdings (Group) Co Ltd interest coverage is 2.31, which is low.

CIFI Holdings (Group) Co (FRA:6CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CIFI Holdings (Group) Co Ltd (FRA:6CI) » Definitions » Interest Expense

Traded in Other Exchanges

00884:Hong Kong

Address

Lane 1088, No. 39 Shenhong Road, CIFI Center, Minhang District, Shanghai, CHN, 201106

Website

https://www.cifi.com.cn

CIFI Holdings (Group) Co Ltd is engaged in property development and property investment, provision of property management services in China. The group has property projects in cities in four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region. Most of the group's sales were contracted from the Yangtze River Delta. Regardless of the region, residential properties make up a significant majority of contracted sales. The group focuses on properties in first and second-tier cities in China. The group's projects include a variety of property types such as residential, office, and commercial complexes. The group's operations are carried out in the People's Republic of China.

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