Macerich Co (Macerich Co) Interest Expense : $-172.9 Mil (TTM As of Dec. 2023)

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What is Macerich Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Macerich Co's interest expense for the three months ended in Dec. 2023 was $ -25.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-172.9 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. Macerich Co's Operating Income for the three months ended in Dec. 2023 was $ 63.0 Mil. Macerich Co's Interest Expense for the three months ended in Dec. 2023 was $ -25.4 Mil. Macerich Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.48. 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.

Macerich Co Interest Expense Historical Data

The historical data trend for Macerich 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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Macerich Co Interest Expense Chart

Macerich Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-138.25

-75.55

-192.68

-216.85

-172.92

Macerich Co Quarterly Data
	Mar19	Jun19	Sep19	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															-59.17	-39.42	-54.70	-53.38	-25.41

Macerich 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 $-172.9 Mil.

Macerich Co (NYSE:MAC) 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.

Macerich Co's Interest Expense for the three months ended in Dec. 2023 was $-25.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $63.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,309.7 Mil.

Macerich 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	*	63.012	/	-25.413
	=	2.48

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. Macerich Co interest coverage is 1.03, which is low.

Macerich Co (Macerich Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Macerich Co (NYSE:MAC) » Definitions » Interest Expense

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Traded in Other Exchanges

M6G:Germany

Address

401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401

Website

https://www.macerich.com

The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 16 regional malls in its unconsolidated portfolio along with four power centers and seven other real estate assets. The company's total portfolio has 47.0 million square feet of gross leasable area and averaged $869 sales per square foot over the 12 months ending in December 2022.

Executives

Christopher J Zecchini	officer: Chief Accounting Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Scott W Kingsmore	officer: Chief Financial Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Kenneth Volk	officer: SVP, Chief Marketing Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Edward C Coppola	director, officer: Executive Vice President	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
O Hern Thomas E	officer: EVP, Treasurer & CFO	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Ann C Menard	officer: EVP, CLO and Secretary	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Doug J Healey	officer: EVP, Leasing	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Marianne Lowenthal	director	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Enrique Jr Hernandez	director	INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
Steven L Soboroff	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Dana K Anderson	director, officer: Vice Chairman of the Board	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Andrea M Stephen	director	THE MACERICH COMPANY, 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Alschuler John H Jr	director	C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Steve Hash	director	C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101