Taing Land Development (HKSE:00089) Interest Expense : HK$-145.7 Mil (TTM As of Dec. 2023)

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What is Taing Land Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taing Land Development's interest expense for the six months ended in Dec. 2023 was HK$ -82.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-145.7 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. Taing Land Development's Operating Income for the six months ended in Dec. 2023 was HK$ 61.2 Mil. Taing Land Development's Interest Expense for the six months ended in Dec. 2023 was HK$ -82.9 Mil. Taing Land Development's Interest Coverage for the quarter that ended in Dec. 2023 was 0.74. 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.

Taing Land Development Interest Expense Historical Data

The historical data trend for Taing Land Development'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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Taing Land Development Interest Expense Chart

Taing Land Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-45.12

-38.27

-36.61

-71.23

-145.74

Taing Land Development 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															-21.07	-21.76	-49.47	-62.85	-82.90

Taing Land Development 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 HK$-145.7 Mil.

Taing Land Development (HKSE:00089) 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.

Taing Land Development's Interest Expense for the six months ended in Dec. 2023 was HK$-82.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$61.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$1,065.9 Mil.

Taing Land Development'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	*	61.2	/	-82.895
	=	0.74

The higher the ratio, the stronger the company's financial strength is.

Taing Land Development (HKSE:00089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tai Sang Land Development Ltd (HKSE:00089) » Definitions » Interest Expense

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Address

43 Heung Yip Road, 15th Floor, TS Tower, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.tsld.com

Tai Sang Land Development Ltd is an investment holding company engaged in property investment, property rental, property development, estate management and agency, hotel operation and catering operation. It operates in four segments which include Property rental, Property related services, and Hotel operations, Catering operations. The property rental segment generates most of the revenue.

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