Geely Automobile Holdings (HKSE:00175) Interest Expense : HK$-456 Mil (TTM As of Dec. 2023)

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What is Geely Automobile Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Geely Automobile Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -163 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-456 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. Geely Automobile Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 3,404 Mil. Geely Automobile Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -163 Mil. Geely Automobile Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 20.82. 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.

Geely Automobile Holdings Interest Expense Historical Data

The historical data trend for Geely Automobile 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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Geely Automobile Holdings Interest Expense Chart

Geely Automobile Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-141.97

-197.94

-324.27

-507.42

-456.12

Geely Automobile Holdings 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															-141.81	-244.51	-274.48	-292.68	-163.44

Geely Automobile 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-456 Mil.

Geely Automobile Holdings (HKSE:00175) 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.

Geely Automobile Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-163 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$3,404 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$8,036 Mil.

Geely Automobile 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	*	3403.668	/	-163.442
	=	20.82

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

Geely Automobile Holdings (HKSE:00175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Geely Automobile Holdings Ltd (HKSE:00175) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GELYY:USA GELYF:USA 0YZ2:UK GRU:Germany GRU:Austria

Address

23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.geelyauto.com.hk

Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.

Executives

Li Shu Fu
Zhejiang Geely Automobile Company Limited	2101 Beneficial owner
Zhejiang Geely Holding Group Company Limited

Geely Automobile Holdings (HKSE:00175) Headlines

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