China SCE Group Holdings (HKSE:01966) Interest Expense : HK$-1,632 Mil (TTM As of Jun. 2023)

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What is China SCE Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China SCE Group Holdings's interest expense for the six months ended in Jun. 2023 was HK$ -496 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-1,632 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. China SCE Group Holdings's Operating Income for the six months ended in Jun. 2023 was HK$ 184 Mil. China SCE Group Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$ -496 Mil. China SCE Group Holdings's Interest Coverage for the quarter that ended in Jun. 2023 was 0.37. 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.

China SCE Group Holdings Interest Expense Historical Data

The historical data trend for China SCE Group Holdings'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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China SCE Group Holdings Interest Expense Chart

China SCE Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-587.69

-809.38

-1,011.31

-1,028.63

-1,632.29

China SCE Group Holdings 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															-700.93	-480.31	-571.06	-496.46	-1,135.84

China SCE Group Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1,632 Mil.

China SCE Group Holdings (HKSE:01966) 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.

China SCE Group Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$-496 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$184 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$27,840 Mil.

China SCE Group Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	183.912	/	-496.458
	=	0.37

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. China SCE Group Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China SCE Group Holdings (HKSE:01966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China SCE Group Holdings Ltd (HKSE:01966) » Definitions » Interest Expense

Traded in Other Exchanges

XSP:Germany

Address

No. 2, Lane 1688, Shenchang Road, SCE Tower, Hongqiao Business District, Shanghai, CHN

Website

https://www.sce-re.com

China SCE Group Holdings Ltd is engaged in property development, commercial management, property management and long-term rental apartments business. The company has a regionally focused development strategy in the Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone, the Guangdong-Hong Kong-Macao Greater Bay Area, the West Taiwan Strait Economic Zone and the Central Western Region. The group has property projects including high-rise residential buildings, offices, shopping malls and long-term rental apartments.

Executives

Wong Chiu Yeung	2201 Interest of corporation controlled by you
Newup Holdings Limited	2101 Beneficial owner
Rising Trade Holdings Limited	2101 Beneficial owner
Wealthy Gate Holdings Limited	2101 Beneficial owner
Chen Yuanlai	2201 Interest of corporation controlled by you
Cheng Hiu Lok	2201 Interest of corporation controlled by you
Keen Century Investments Limited	2101 Beneficial owner
East Waves Investments Limited	2101 Beneficial owner

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