Far East Consortium International (HKSE:00035) Interest Expense : HK$-835 Mil (TTM As of Sep. 2023)

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What is Far East Consortium International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Far East Consortium International's interest expense for the six months ended in Sep. 2023 was HK$ -488 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-835 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. Far East Consortium International's Operating Income for the six months ended in Sep. 2023 was HK$ 947 Mil. Far East Consortium International's Interest Expense for the six months ended in Sep. 2023 was HK$ -488 Mil. Far East Consortium International's Interest Coverage for the quarter that ended in Sep. 2023 was 1.94. 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.

Far East Consortium International Interest Expense Historical Data

The historical data trend for Far East Consortium International'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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Far East Consortium International Interest Expense Chart

Far East Consortium International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-323.57

-430.44

-279.89

-297.71

-567.43

Far East Consortium International Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-150.74	-146.97	-220.89	-346.54	-488.35

Far East Consortium International 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-835 Mil.

Far East Consortium International (HKSE:00035) 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.

Far East Consortium International's Interest Expense for the six months ended in Sep. 2023 was HK$-488 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$947 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$14,106 Mil.

Far East Consortium International'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	*	947.266	/	-488.349
	=	1.94

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. Far East Consortium International Ltd interest coverage is 1.1, which is low.

Far East Consortium International (HKSE:00035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Consortium International Ltd (HKSE:00035) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

121 Des Voeux Road Central, 16th Floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.fecil.com.hk

Far East Consortium International Ltd is a regional conglomerate operating in property development, hospitality, and car parking ventures. The property development division contributes around half of the company's revenue. Its portfolio of properties spans mainland China, Hong Kong, Singapore, Malaysia, Australia, and the United Kingdom. The projects comprise a mix of residential, hotel, and resort development. The group operates a hotel business through its subsidiary, Dorsett Hospitality International. Most of the hotel revenue is generated from the Hong Kong market. The car park division represents a smaller portion of the business, which is involved in managing both third-party and self-owned car parks.

Executives

Chiu David

2201 Interest of corporation controlled by you

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