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Sino Horizon Holdings (TPE:2923) Interest Expense : NT$-1,741 Mil (TTM As of Mar. 2024)


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What is Sino Horizon Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sino Horizon Holdings's interest expense for the three months ended in Mar. 2024 was NT$ -490 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-1,741 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. Sino Horizon Holdings's Operating Income for the three months ended in Mar. 2024 was NT$ 2,354 Mil. Sino Horizon Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$ -490 Mil. Sino Horizon Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 4.81. 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.


Sino Horizon Holdings Interest Expense Historical Data

The historical data trend for Sino Horizon 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.

* Premium members only.

Sino Horizon Holdings Interest Expense Chart

Sino Horizon Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -962.62 -762.17 -456.78 -640.68 -1,510.02

Sino Horizon Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -258.94 -321.19 -434.69 -495.21 -489.71

Sino Horizon 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1,741 Mil.

* 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.


Sino Horizon Holdings  (TPE:2923) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sino Horizon Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$-490 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$2,354 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$41,405 Mil.

Sino Horizon Holdings'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*2354.053/-489.71
=4.81

* 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.

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. Sino Horizon Holdings Ltd interest coverage is 3.69, which is low.


Sino Horizon Holdings (TPE:2923) Business Description

Traded in Other Exchanges
N/A
Address
450, Ruijin 2 Road, Huangpu District, Shanghai, CHN
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China.

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