Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Interest Expense : ¥-753 Mil (TTM As of Mar. 2024)

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What is Shenzhen New Nanshan Holding (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen New Nanshan Holding (Group) Co's interest expense for the three months ended in Mar. 2024 was ¥ -202 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-753 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 New Nanshan Holding (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 120 Mil. Shenzhen New Nanshan Holding (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -202 Mil. Shenzhen New Nanshan Holding (Group) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.60. 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 New Nanshan Holding (Group) Co Interest Expense Historical Data

The historical data trend for Shenzhen New Nanshan Holding (Group) 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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Shenzhen New Nanshan Holding (Group) Co Interest Expense Chart

Shenzhen New Nanshan Holding (Group) Co Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Interest Expense

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-443.79

-640.06

-657.93

-661.53

-714.27

Shenzhen New Nanshan Holding (Group) Co 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															-162.77	-167.36	-175.95	-208.19	-201.54

Shenzhen New Nanshan Holding (Group) 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-753 Mil.

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) 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 New Nanshan Holding (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-202 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥120 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥22,792 Mil.

Shenzhen New Nanshan Holding (Group) Co'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	*	120.245	/	-201.542
	=	0.60

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 New Nanshan Holding (Group) Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

5th Floor, South 12th Road, JiuZhou Electric Appliance Building, Science and Technology Park, NanShan District, ShenZhen, CHN

Website

http://www.xnskg.cn

Shenzhen New Nanshan Holding (Group) Co Ltd is engaged in the integrated building business, the company is committed to the development and operation of new integrated buildings. It has seven series of products, such as modular space, packing boxes, movable board houses, special containers and elegant accessories.

Executives

Zhang Fu Sheng	Independent director
Tian Jun Yan	Director
Jiang Jun Ya	Directors, executives
Guo Qing	Directors, executives
Hu Yong Tao	Supervisors
Zhu Tao	Executives
Wang Shi Yun	Director
Ma Zhi Hong	Executives
Chen Lei	Directors, executives
Zhang Jian Guo	Director
Shen Qi Meng	Directors, executives
Shang Yue Xiang	Supervisors
Guo Yu	Supervisors
Yuan Zhao Yun	Directors, executives
Zhang Li	Securities Affairs Representative

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Headlines

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