Zhongsheng Group Holdings (HKSE:00881) Interest Expense : HK$-1,649 Mil (TTM As of Dec. 2023)

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What is Zhongsheng Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhongsheng Group Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -863 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,649 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. Zhongsheng Group Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 1,398 Mil. Zhongsheng Group Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -863 Mil. Zhongsheng Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 1.62. 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.

Zhongsheng Group Holdings Interest Expense Historical Data

The historical data trend for Zhongsheng Group 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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Zhongsheng Group Holdings Interest Expense Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,547.34

-1,493.49

-1,371.55

-1,360.87

-1,648.76

Zhongsheng Group 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															-641.36	-656.72	-735.24	-785.30	-863.46

Zhongsheng Group 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$-1,649 Mil.

Zhongsheng Group Holdings (HKSE:00881) 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.

Zhongsheng Group Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-863 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,398 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$22,175 Mil.

Zhongsheng Group 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	*	1397.746	/	-863.455
	=	1.62

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

Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » Interest Expense

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Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

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