Apartment Investment & Management Co (Apartment Investment & Management Co) Interest Expense : $-37.7 Mil (TTM As of Dec. 2023)

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What is Apartment Investment & Management Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apartment Investment & Management Co's interest expense for the three months ended in Dec. 2023 was $ -10.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-37.7 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. Apartment Investment & Management Co's Operating Income for the three months ended in Dec. 2023 was $ 4.2 Mil. Apartment Investment & Management Co's Interest Expense for the three months ended in Dec. 2023 was $ -10.1 Mil. Apartment Investment & Management Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.41. 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.

Apartment Investment & Management Co Interest Expense Historical Data

The historical data trend for Apartment Investment & Management 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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Apartment Investment & Management Co Interest Expense Chart

Apartment Investment & Management Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.60

-27.51

-52.90

-73.84

-37.72

Apartment Investment & Management Co Quarterly Data
	Dec18	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													-7.98	-9.73	-9.66	-8.25	-10.09

Apartment Investment & Management 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 quarterly data reported by the company within the most recent 12 months, which was $-37.7 Mil.

Apartment Investment & Management Co (NYSE:AIV) 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.

Apartment Investment & Management Co's Interest Expense for the three months ended in Dec. 2023 was $-10.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $4.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,266.4 Mil.

Apartment Investment & Management 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	*	4.182	/	-10.085
	=	0.41

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. Apartment Investment & Management Cos earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Apartment Investment & Management Co (Apartment Investment & Management Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apartment Investment & Management Co (NYSE:AIV) » Definitions » Interest Expense

Comparable Companies

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Traded in Other Exchanges

N/A

Address

4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237

Website

https://www.aimco.com

Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development and Redevelopment; Operating, and Other. The company generates majority of revenue from operating segment.

Executives

Sherry L Rexroad	director	2 BAYBERRY CIRCLE, AMBLER PA 19002
Kellie Dreyer	officer: Senior Vice President and CAO	4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237
James Patrick Sullivan	director	34 SOUTH PEAK, LAGUNA NIGUEL CA 92677
Jay P Leupp	director	16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Michael A Stein	director	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Kirk Sykes	director	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Robert A. Miller	director	6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821
R Dary Stone	director	3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Patricia L Gibson	director	545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Quincy Allen	director	4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Deborah Smith	director	4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237
Terry Considine	director	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jennifer Johnson	officer: EVP CAO and General Counsel	4582 S. ULSTER STREET, STE 1400, DENVER CO 80237
Wesley William Powell	director, officer: President and CEO	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Lynn Stanfield	officer: EVP and CFO	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237