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Shanghai Lujiazui Finance & Trade Zone Development Co (SHSE:600663) Interest Expense : ¥-1,510 Mil (TTM As of Mar. 2024)


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What is Shanghai Lujiazui Finance & Trade Zone Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Lujiazui Finance & Trade Zone Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -333 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,510 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 Lujiazui Finance & Trade Zone Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,028 Mil. Shanghai Lujiazui Finance & Trade Zone Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -333 Mil. Shanghai Lujiazui Finance & Trade Zone Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.09. 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 Lujiazui Finance & Trade Zone Development Co Interest Expense Historical Data

The historical data trend for Shanghai Lujiazui Finance & Trade Zone 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.

* Premium members only.

Shanghai Lujiazui Finance & Trade Zone Development Co Interest Expense Chart

Shanghai Lujiazui Finance & Trade Zone Development Co 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 -992.11 -1,057.91 -1,118.03 -1,459.18 -1,585.50

Shanghai Lujiazui Finance & Trade Zone 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 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 -373.90 -392.61 -420.48 -363.93 -332.90

Shanghai Lujiazui Finance & Trade Zone 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 ¥-1,510 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.


Shanghai Lujiazui Finance & Trade Zone Development Co  (SHSE:600663) 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.

Shanghai Lujiazui Finance & Trade Zone Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-333 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,028 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥32,350 Mil.

Shanghai Lujiazui Finance & Trade Zone 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*1028.135/-332.895
=3.09

* 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. Shanghai Lujiazui Finance & Trade Zone Development Co Ltd interest coverage is 2.73, which is low.


Shanghai Lujiazui Finance & Trade Zone Development Co (SHSE:600663) Business Description

Traded in Other Exchanges
Address
No. 981 Pudong Avenue, Shanghai, Shanghai, CHN, 200135
Shanghai Lujiazui Finance & Trade Zone Development Co Ltd is a China-based real estate company. Its operations predominantly consist of real estate development, management, sales, leasing, and intermediary; municipal public infrastructure development and construction. Its product categories include office, retail, hotel, convention and exhibition and residential properties.

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