China Development Bank Financial Leasing Co (HKSE:01606) Interest Expense : HK$-11,334 Mil (TTM As of Dec. 2023)

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What is China Development Bank Financial Leasing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Development Bank Financial Leasing Co's interest expense for the six months ended in Dec. 2023 was HK$ -6,046 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-11,334 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. China Development Bank Financial Leasing Co's Operating Income for the six months ended in Dec. 2023 was HK$ 8,275 Mil. China Development Bank Financial Leasing Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -6,046 Mil. China Development Bank Financial Leasing Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.37. 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.

China Development Bank Financial Leasing Co Interest Expense Historical Data

The historical data trend for China Development Bank Financial Leasing 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.

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China Development Bank Financial Leasing Co Interest Expense Chart

China Development Bank Financial Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7,975.40

-8,275.27

-1,995.97

-9,164.53

-11,334.22

China Development Bank Financial Leasing Co Semi-Annual Data
	Dec13	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															2,891.39	-4,638.10	-4,745.96	-5,288.31	-6,045.92

China Development Bank Financial Leasing 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-11,334 Mil.

China Development Bank Financial Leasing Co (HKSE:01606) 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.

China Development Bank Financial Leasing Co's Interest Expense for the six months ended in Dec. 2023 was HK$-6,046 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$8,275 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$104,502 Mil.

China Development Bank Financial Leasing Co'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	*	8275.147	/	-6045.92
	=	1.37

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. China Development Bank Financial Leasing Co Ltd interest coverage is 1.4, which is low.

China Development Bank Financial Leasing Co (HKSE:01606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Development Bank Financial Leasing Co Ltd (HKSE:01606) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2C6:Germany

Address

No. 2003 Fuzhong, Third Road, CDB Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cdb-leasing.com

China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are Aircraft Leasing, Infrastructure Leasing, Ship Leasing, Inclusive Finance, and Other Leasing businesses. The activities of the company include finance lease business, accepting lease deposits, interbank lending, an project consultancy, and providing a guarantee.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Ubs Group Ag	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
Bank Of China Limited	2201 Interest of corporation controlled by you
San Xia Zi Ben Kong Gu You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Zhang Jiang San Xia Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cssc International Holding Company Limited	2101 Beneficial owner
State-owned Assets Supervision And Administration Commission	2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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