SOCAM Development (HKSE:00983) Interest Expense : HK$-250 Mil (TTM As of Dec. 2024)

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What is SOCAM Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SOCAM Development's interest expense for the six months ended in Dec. 2024 was HK$ -126 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-250 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. SOCAM Development's Operating Income for the six months ended in Dec. 2024 was HK$ 4,187 Mil. SOCAM Development's Interest Expense for the six months ended in Dec. 2024 was HK$ -126 Mil. SOCAM Development's Interest Coverage for the quarter that ended in Dec. 2024 was 33.23. 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.

SOCAM Development Interest Expense Historical Data

The historical data trend for SOCAM 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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SOCAM Development Interest Expense Chart

SOCAM Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-192.00

-154.00

-151.00

-225.00

-250.00

SOCAM Development Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-89.00	-100.00	-125.00	-124.00	-126.00

SOCAM 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-250 Mil.

SOCAM Development (HKSE:00983) 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.

SOCAM Development's Interest Expense for the six months ended in Dec. 2024 was HK$-126 Mil. Its Operating Income for the six months ended in Dec. 2024 was HK$4,187 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was HK$876 Mil.

SOCAM Development's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	4187	/	-126
	=	33.23

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

SOCAM Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in the property segment which includes Property development for sale and property investment, the Construction and maintenance segment includes construction, interior fit-out, and renovation and the Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from the Construction and maintenance segment in which Hongkong contributes maximum revenue for the company.

Executives

Lo Adrian Jonathan Chun Sing
Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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