Minmetals Land (HKSE:00230) Interest Expense : HK$-477 Mil (TTM As of Dec. 2023)

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What is Minmetals Land Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minmetals Land's interest expense for the six months ended in Dec. 2023 was HK$ -232 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-477 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. Minmetals Land's Operating Income for the six months ended in Dec. 2023 was HK$ -229 Mil. Minmetals Land's Interest Expense for the six months ended in Dec. 2023 was HK$ -232 Mil. Minmetals Land did not have earnings to cover the interest expense. 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.

Minmetals Land Interest Expense Historical Data

The historical data trend for Minmetals Land'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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Minmetals Land Interest Expense Chart

Minmetals Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.74

-69.47

-163.08

-138.14

-477.42

Minmetals Land 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															-114.20	-63.99	-74.16	-245.36	-232.06

Minmetals Land 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$-477 Mil.

Minmetals Land (HKSE:00230) 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.

Minmetals Land's Interest Expense for the six months ended in Dec. 2023 was HK$-232 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-229 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$8,096 Mil.

Minmetals Land's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Minmetals Land did not have earnings to cover the interest expense.

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. Minmetals Land Ltd interest coverage is 2.48, which is low.

Minmetals Land (HKSE:00230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Minmetals Land Ltd (HKSE:00230) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

79 Chatham Road South, 18th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.minmetalsland.com

Minmetals Land Ltd is a Hong Kong-based investment holding company. It is principally engaged in real estate development, specialised construction, property investment, and securities investment. The firm has four operating segments which are Real estate development, Specialised construction, Property investment, and Securities investment. Its real estate development business, which is the key revenue-generating segment, covers the development and sales of residential and commercial properties. The group operates in Hong Kong and Mainland China, of which a majority of revenue is derived from Mainland China.

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