GDS Holdings (GDS Holdings) Interest Expense : $-286 Mil (TTM As of Dec. 2023)

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What is GDS Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GDS Holdings's interest expense for the three months ended in Dec. 2023 was $ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-286 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. GDS Holdings's Operating Income for the three months ended in Dec. 2023 was $ 22 Mil. GDS Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -81 Mil. GDS Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.28. 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.

GDS Holdings Interest Expense Historical Data

The historical data trend for GDS Holdings'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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GDS Holdings Interest Expense Chart

GDS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-138.11

-201.32

-259.80

-270.79

-285.28

GDS Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-74.48	-70.30	-65.56	-68.95	-81.22

GDS Holdings 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 $-286 Mil.

GDS Holdings (NAS:GDS) 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.

GDS Holdings's Interest Expense for the three months ended in Dec. 2023 was $-81 Mil. Its Operating Income for the three months ended in Dec. 2023 was $22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,223 Mil.

GDS Holdings'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	*	22.372	/	-81.22
	=	0.28

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. GDS Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

GDS Holdings (GDS Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GDS Holdings Ltd (NAS:GDS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GDS:Mexico 09698:Hong Kong G40:Germany G1DS34:Brazil

Address

No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137

Website

https://www.gds-services.com

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.