City & Land Developers (PHS:LAND) Interest Expense : ₱-0.5 Mil (TTM As of Dec. 2023)

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What is City & Land Developers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. City & Land Developers's interest expense for the three months ended in Dec. 2023 was ₱ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₱-0.5 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. City & Land Developers's Operating Income for the three months ended in Dec. 2023 was ₱ -23.1 Mil. City & Land Developers's Interest Expense for the three months ended in Dec. 2023 was ₱ -0.1 Mil. City & Land Developers 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.

City & Land Developers Interest Expense Historical Data

The historical data trend for City & Land Developers'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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City & Land Developers Interest Expense Chart

City & Land Developers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.58

-0.20

-0.16

-0.72

-0.47

City & Land Developers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.19	-0.07	-0.10	-0.12

City & Land Developers 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 quarterly data reported by the company within the most recent 12 months, which was ₱-0.5 Mil.

City & Land Developers (PHS:LAND) 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.

City & Land Developers's Interest Expense for the three months ended in Dec. 2023 was ₱-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₱-23.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₱0.0 Mil.

City & Land Developers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

City & Land Developers did not have earnings to cover the interest expense.

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

Good Sign:

City & Land Developers Inc has no debt.

City & Land Developers (PHS:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City & Land Developers Inc (PHS:LAND) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

154 H.V. Dela Costa Street, 3rd Floor, Cityland Condominium 10 Tower 1, Makati, PHL, 1226

Website

http://www.citylandcondo.com

City & Land Developers Inc is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional, and industrial uses. It also focuses on establishing an effective institutional medium. The completed projects of the company are North Residences, Grand Emerald Tower, Manila Residences Bocobo, and much more. Its reportable segments are the Sale of Real Estate Properties and the Lease of Real Estate Properties. Generating, a majority of its revenue from the sale of real estate properties.