Shenzhen Properties & Resources Development (Group) (SZSE:000011) Interest Expense : ¥-59 Mil (TTM As of Mar. 2024)

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What is Shenzhen Properties & Resources Development (Group) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Properties & Resources Development (Group)'s interest expense for the three months ended in Mar. 2024 was ¥ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-59 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. Shenzhen Properties & Resources Development (Group)'s Operating Income for the three months ended in Mar. 2024 was ¥ 3 Mil. Shenzhen Properties & Resources Development (Group)'s Interest Expense for the three months ended in Mar. 2024 was ¥ -19 Mil. Shenzhen Properties & Resources Development (Group)'s Interest Coverage for the quarter that ended in Mar. 2024 was 0.13. 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.

Shenzhen Properties & Resources Development (Group) Interest Expense Historical Data

The historical data trend for Shenzhen Properties & Resources Development (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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Shenzhen Properties & Resources Development (Group) Interest Expense Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec22

Dec23

Interest Expense

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-194.55

-182.93

-75.36

-64.94

-55.93

Shenzhen Properties & Resources Development (Group) 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															-15.85	-15.97	-14.15	-9.96	-18.91

Shenzhen Properties & Resources Development (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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-59 Mil.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) 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.

Shenzhen Properties & Resources Development (Group)'s Interest Expense for the three months ended in Mar. 2024 was ¥-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,804 Mil.

Shenzhen Properties & Resources Development (Group)'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	*	2.509	/	-18.912
	=	0.13

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. Shenzhen Properties & Resources Development (Group) Ltd interest coverage is 4.34, which is low.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » Interest Expense

Traded in Other Exchanges

200011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

Executives

Li Zi Peng	Executives
Chen Yu Gang	Director
Wang Hang Jun	Executives
Wen Li	Director
Liu Jia Ke	Supervisors

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Headlines

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