Chen Xing Development Holdings (HKSE:02286) Interest Expense : HK$-36 Mil (TTM As of Jun. 2024)

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What is Chen Xing Development Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chen Xing Development Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -101 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-36 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. Chen Xing Development Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 218 Mil. Chen Xing Development Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -101 Mil. Chen Xing Development Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 2.15. 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.

Chen Xing Development Holdings Interest Expense Historical Data

The historical data trend for Chen Xing Development 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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Chen Xing Development Holdings Interest Expense Chart

Chen Xing Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.67

-4.51

96.26

44.95

46.94

Chen Xing Development Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-11.43	55.85	-18.08	65.01	-101.44

Chen Xing Development 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-36 Mil.

Chen Xing Development Holdings (HKSE:02286) 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.

Chen Xing Development Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-101 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$218 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$376 Mil.

Chen Xing Development Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	218.362	/	-101.437
	=	2.15

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. Chen Xing Development Holdings Ltd interest coverage is 1.64, which is low.

Chen Xing Development Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chen Xing Development Holdings Ltd (HKSE:02286) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

18 Anning Street, Yuci District, Shanxi Province, Jinzhong, CHN

Website

http://www.chen-xing.cn

Chen Xing Development Holdings Ltd is an investment holding company. Through its subsidiaries, the company is engaged in property development operations and focuses mainly on the development of residential, and to a lesser extent, commercial property development projects. It derives primary revenue from the sale of properties, and other sources of revenue include property leasing income. Geographically, the company principally operates in Mainland China.

Executives

White Legend Global Holdings Limited	2101 Beneficial owner
Bai Wukui	2201 Interest of corporation controlled by you
White Dynasty Global Holdings Limited	2101 Beneficial owner
White Empire (ptc) Limited	2201 Interest of corporation controlled by you
Bai Guohua	2501 Other
Bai Xuankui	2307 Founder of a discretionary trust who can infl
Cheng Guilian	2501 Other
Zhang Lindi	2202 Interest of your spouse
Gan Xuelin	2202 Interest of your spouse

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