Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Interest Expense : ¥-547 Mil (TTM As of Mar. 2024)

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What is Shanghai Zhangjiang Hi-tech Park Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Zhangjiang Hi-tech Park Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -146 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-547 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. Shanghai Zhangjiang Hi-tech Park Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 410 Mil. Shanghai Zhangjiang Hi-tech Park Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -146 Mil. Shanghai Zhangjiang Hi-tech Park Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.81. 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.

Shanghai Zhangjiang Hi-tech Park Development Co Interest Expense Historical Data

The historical data trend for Shanghai Zhangjiang Hi-tech Park Development Co'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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Shanghai Zhangjiang Hi-tech Park Development Co Interest Expense Chart

Shanghai Zhangjiang Hi-tech Park Development Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-290.77

-344.51

-437.32

-476.36

-515.35

Shanghai Zhangjiang Hi-tech Park Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-114.09	-131.77	-132.23	-137.26	-145.51

Shanghai Zhangjiang Hi-tech Park Development Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-547 Mil.

Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) 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.

Shanghai Zhangjiang Hi-tech Park Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-146 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥410 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥17,733 Mil.

Shanghai Zhangjiang Hi-tech Park Development Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	409.507	/	-145.51
	=	2.81

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. Shanghai Zhangjiang Hi-tech Park Development Co Ltd interest coverage is 2.32, which is low.

Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Zhangjiang Hi-tech Park Development Co Ltd (SHSE:600895) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

560 Songtao Road, 8 / F, Zhangjiang Building, Pudong New Area, Shanghai, CHN, 201203

Website

http://www.600895.com

Shanghai Zhangjiang Hi-tech Park Development Co Ltd is a China-based firm engaged in the industrial real estate. It provides property development, property leasing, and communication services. It mostly focuses on the development and operation of high-tech parks.

Executives

Guo Kai	senior management
Hu Jian Qiu	Director
Lu Ying	senior management
Jin Ya Zhen	senior management
Huang Jun	senior management
Zheng Gang	senior management
Ge Pei Jian	Director
Zhu Pan	senior management
Zhu Hui	senior management
Gu Xue Li	senior management
Gu Yi Wei	senior management
Lv Shang Qing	Supervisors
Xu Chao	senior management
Yang Jun	senior management
Lu Yi Hao	senior management

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