Longfor Group Holdings (Longfor Group Holdings) Interest Expense : $-132 Mil (TTM As of Dec. 2023)

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What is Longfor Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Longfor Group Holdings's interest expense for the six months ended in Dec. 2023 was $ -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-132 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. Longfor Group Holdings's Operating Income for the six months ended in Dec. 2023 was $ 1,584 Mil. Longfor Group Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -65 Mil. Longfor Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 24.43. 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.

Longfor Group Holdings Interest Expense Historical Data

The historical data trend for Longfor 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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Longfor Group Holdings Interest Expense Chart

Longfor Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-93.13

-127.22

-146.37

-150.09

-131.96

Longfor 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															-72.43	-78.87	-74.35	-66.92	-64.84

Longfor 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-132 Mil.

Longfor Group Holdings (OTCPK:LGFRY) 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.

Longfor Group Holdings's Interest Expense for the six months ended in Dec. 2023 was $-65 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,584 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $25,065 Mil.

Longfor Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1584.019	/	-64.837
	=	24.43

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

Longfor Group Holdings (Longfor Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Longfor Group Holdings Ltd (OTCPK:LGFRY) » Definitions » Interest Expense

Traded in Other Exchanges

LNGPF:USA 00960:Hong Kong RLF:Germany

Address

No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012

Website

https://www.longfor.com

Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor's largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.