Coastal Greenland (HKSE:01124) Interest Expense : HK$-27.54 Mil (TTM As of Sep. 2024)

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What is Coastal Greenland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coastal Greenland's interest expense for the six months ended in Sep. 2024 was HK$ -14.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-27.54 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. Coastal Greenland's Operating Income for the six months ended in Sep. 2024 was HK$ -24.54 Mil. Coastal Greenland's Interest Expense for the six months ended in Sep. 2024 was HK$ -14.39 Mil. Coastal Greenland 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.

Coastal Greenland Interest Expense Historical Data

The historical data trend for Coastal Greenland'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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Coastal Greenland Interest Expense Chart

Coastal Greenland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-166.91

-143.16

-99.32

-22.74

-27.86

Coastal Greenland Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-11.14	-11.60	-14.71	-13.15	-14.39

Coastal Greenland 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-27.54 Mil.

Coastal Greenland (HKSE:01124) 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.

Coastal Greenland's Interest Expense for the six months ended in Sep. 2024 was HK$-14.39 Mil. Its Operating Income for the six months ended in Sep. 2024 was HK$-24.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was HK$65.90 Mil.

Coastal Greenland's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Coastal Greenland 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. Coastal Greenland Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Coastal Greenland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Coastal Greenland Ltd (HKSE:01124) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1006 Fuzhong Third Road, 38th Floor, Noble Center, Futian District, Guangdong Province, Shenzhen, CHN

Website

http://www.coastal.com.cn

Coastal Greenland Ltd is an investment holding company principally engaged in the property-related business in the People's republic of China. The company operates through four business segments. The Property Development segment is engaged in the development of properties for sale. The Property Investment segment is engaged in investment in commercial and residential properties. The Project Management segment is engaged in the provision of project management services. The Project Investment Service segment is engaged in the provision of services about the investment in and the sales of property development and land development projects. The majority of the revenue is generated from the property development segment.

Executives

Cai Jingtai	2106 Person having a security interest in shares
Vantum Sp Fund Management Limited	2201 Interest of corporation controlled by you
Vantum Sp Opportunity Limited Partnership Fund	2201 Interest of corporation controlled by you
Salubrious Group Limited	2106 Person having a security interest in shares
Coastal International Holdings Limited	2101 Beneficial owner
Jiang Ming	2201 Interest of corporation controlled by you

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