Country Garden Services Holdings Co (HKSE:06098) Interest Expense : HK$-256 Mil (TTM As of Dec. 2023)

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What is Country Garden Services Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Country Garden Services Holdings Co's interest expense for the six months ended in Dec. 2023 was HK$ -134 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-256 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. Country Garden Services Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$ 1,596 Mil. Country Garden Services Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -134 Mil. Country Garden Services Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 11.96. 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.

Country Garden Services Holdings Co Interest Expense Historical Data

The historical data trend for Country Garden Services Holdings 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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Country Garden Services Holdings Co Interest Expense Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.62

-136.04

-270.68

-239.90

-255.74

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-185.54	-164.77	-82.93	-122.24	-133.50

Country Garden Services Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-256 Mil.

Country Garden Services Holdings Co (HKSE:06098) 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.

Country Garden Services Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$-134 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,596 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$2,400 Mil.

Country Garden Services Holdings Co'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	*	1596.274	/	-133.502
	=	11.96

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

Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

Executives

Concrete Win Limited	2501 Other
Guoqiang Public Welfare Foundation (hong Kong) Limited	2101 Beneficial owner
Yang Huiyan	2501 Other
Yang Ziying	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Chen Chong	2202 Interest of your spouse
Ubs Group Ag	2201 Interest of corporation controlled by you
China Ping An Insurance Overseas (holdings) Limited	2201 Interest of corporation controlled by you
Ping An Of China Asset Management (hong Kong) Company Limited	2102 Investment manager

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