Sinarmas Land (SGX:A26) Interest Expense : S$-176 Mil (TTM As of Dec. 2023)

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What is Sinarmas Land Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinarmas Land's interest expense for the six months ended in Dec. 2023 was S$ -88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-176 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. Sinarmas Land's Operating Income for the six months ended in Dec. 2023 was S$ 299 Mil. Sinarmas Land's Interest Expense for the six months ended in Dec. 2023 was S$ -88 Mil. Sinarmas Land's Interest Coverage for the quarter that ended in Dec. 2023 was 3.41. 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.

Sinarmas Land Interest Expense Historical Data

The historical data trend for Sinarmas Land'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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Sinarmas Land Interest Expense Chart

Sinarmas Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-169.55

-190.43

-174.29

-176.85

-175.65

Sinarmas Land Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-81.89	-92.90	-83.95	-87.71	-87.94

Sinarmas Land 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 S$-176 Mil.

Sinarmas Land (SGX:A26) 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.

Sinarmas Land's Interest Expense for the six months ended in Dec. 2023 was S$-88 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$299 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$1,334 Mil.

Sinarmas Land'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	*	299.481	/	-87.941
	=	3.41

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. Sinarmas Land Ltd interest coverage is 3.08, which is low.

Sinarmas Land (SGX:A26) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinarmas Land Ltd (SGX:A26) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

108 Pasir Panjang Road, No. 06-00 Golden Agri Plaza, Singapore, SGP, 118535

Website

https://www.sinarmasland.com

Sinarmas Land Ltd develops, leases, and manages properties in Indonesia, China, Malaysia, and Singapore. The company operates in four segments: Indonesia property, international property, United Kingdom property, and other. The Indonesia property segment contributes the majority of the company's revenue, owning around 10,000 hectares of land with projects in city development, residential, commercial, retail, industrial estates, and hospitality properties, as well as property-related services. International property engages in and derives revenue from the investment, development, and management of commercial and residential properties in Malaysia, China, and Singapore. Other operations include the investment holding and corporate office.

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