GreenTree Hospitality Group (GreenTree Hospitality Group) Interest Expense : $-1.2 Mil (TTM As of Dec. 2023)

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What is GreenTree Hospitality Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GreenTree Hospitality Group'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 $-1.2 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. GreenTree Hospitality Group's Operating Income for the three months ended in Dec. 2023 was $ 6.6 Mil. GreenTree Hospitality Group's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. GreenTree Hospitality Group's Interest Coverage for the quarter that ended in Dec. 2023 was 51.36. 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.

GreenTree Hospitality Group Interest Expense Historical Data

The historical data trend for GreenTree Hospitality Group'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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GreenTree Hospitality Group Interest Expense Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.53

-2.40

-4.02

-1.97

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.80	-0.71	-0.54	-0.51	-0.13

GreenTree Hospitality Group 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 $-1.2 Mil.

GreenTree Hospitality Group (NYSE:GHG) 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.

GreenTree Hospitality Group'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 $6.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $202.9 Mil.

GreenTree Hospitality Group'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	*	6.574	/	-0.128
	=	51.36

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

GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » Interest Expense

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Traded in Other Exchanges

GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.