Highwoods Properties (Highwoods Properties) Interest Expense : $-140.2 Mil (TTM As of Mar. 2024)

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What is Highwoods Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Highwoods Properties's interest expense for the three months ended in Mar. 2024 was $ -36.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-140.2 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. Highwoods Properties's Operating Income for the three months ended in Mar. 2024 was $ 54.7 Mil. Highwoods Properties's Interest Expense for the three months ended in Mar. 2024 was $ -36.6 Mil. Highwoods Properties's Interest Coverage for the quarter that ended in Mar. 2024 was 1.50. 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.

Highwoods Properties Interest Expense Historical Data

The historical data trend for Highwoods Properties'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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Highwoods Properties Interest Expense Chart

Highwoods Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-81.65

-80.96

-85.85

-105.39

-136.71

Highwoods Properties 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															-33.10	-34.06	-34.25	-35.30	-36.55

Highwoods Properties 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 $-140.2 Mil.

Highwoods Properties (NYSE:HIW) 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.

Highwoods Properties's Interest Expense for the three months ended in Mar. 2024 was $-36.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $54.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,262.3 Mil.

Highwoods Properties'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	*	54.67	/	-36.552
	=	1.50

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. Highwoods Properties Inc interest coverage is 1.63, which is low.

Highwoods Properties (Highwoods Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Highwoods Properties Inc (NYSE:HIW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601

Website

https://www.highwoods.com

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Executives

Brian M Leary	officer: EVP & COO	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Theodore J Klinck	officer: VP/Chief Investment Officer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Brendan C Maiorana	officer: EVP of Finance & IR	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Jeffrey Douglas Miller	officer: General Counsel & Sec.	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
David L Gadis	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Mark F Mulhern	director	410 S. WILMINGTON STREET, RALEIGH NC 27601
David John Hartzell	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Thomas P Anderson	director	3751 GRISSOM PARKWAY, SUITE 100, MYRTLE BEACH SC 29577
Carlos E Evans	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Anne H Lloyd	director
Sherry A Kellett	director
Edward J Fritsch	director, officer: EVP & COO
Kevin E Penn	officer: VP/Chief Strategy & Admin	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael E Harris	officer: Sr. Vice President
Terry L Stevens	officer: VP, CFO & Treasurer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604