Kowloon Development Co (HKSE:00034) Interest Expense : HK$-179 Mil (TTM As of Jun. 2023)

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What is Kowloon Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kowloon Development Co's interest expense for the six months ended in Jun. 2023 was HK$ -95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-179 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. Kowloon Development Co's Operating Income for the six months ended in Jun. 2023 was HK$ 417 Mil. Kowloon Development Co's Interest Expense for the six months ended in Jun. 2023 was HK$ -95 Mil. Kowloon Development Co's Interest Coverage for the quarter that ended in Jun. 2023 was 4.39. 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.

Kowloon Development Co Interest Expense Historical Data

The historical data trend for Kowloon Development 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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Kowloon Development Co Interest Expense Chart

Kowloon Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-290.50

-135.48

-41.83

-96.31

-178.74

Kowloon Development 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															-23.49	-19.07	-77.24	-95.03	-83.70

Kowloon Development 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-179 Mil.

Kowloon Development Co (HKSE:00034) 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.

Kowloon Development Co's Interest Expense for the six months ended in Jun. 2023 was HK$-95 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$417 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$2,542 Mil.

Kowloon Development Co's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	416.783	/	-95.034
	=	4.39

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. Kowloon Development Co Ltd interest coverage is 3.8, which is low.

Kowloon Development Co (HKSE:00034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kowloon Development Co Ltd (HKSE:00034) » Definitions » Interest Expense

Traded in Other Exchanges

KOX:Germany

Address

750 Nathan Road, 23rd Floor, Pioneer Centre, Kowloon, Hong Kong, HKG

Website

https://www.kdc.com.hk

Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.

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