Transcontinental Realty Investors (Transcontinental Realty Investors) Interest Expense : $-10.24 Mil (TTM As of Dec. 2023)

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What is Transcontinental Realty Investors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Transcontinental Realty Investors's interest expense for the three months ended in Dec. 2023 was $ -1.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.24 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. Transcontinental Realty Investors's Operating Income for the three months ended in Dec. 2023 was $ -2.13 Mil. Transcontinental Realty Investors's Interest Expense for the three months ended in Dec. 2023 was $ -1.88 Mil. Transcontinental Realty Investors did not have earnings to cover the interest expense. 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.

Transcontinental Realty Investors Interest Expense Historical Data

The historical data trend for Transcontinental Realty Investors'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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Transcontinental Realty Investors Interest Expense Chart

Transcontinental Realty Investors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-31.82

-29.37

-22.98

-17.32

-9.29

Transcontinental Realty Investors 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															-4.17	-4.03	-2.43	-1.90	-1.88

Transcontinental Realty Investors 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 $-10.24 Mil.

Transcontinental Realty Investors (NYSE:TCI) 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.

Transcontinental Realty Investors's Interest Expense for the three months ended in Dec. 2023 was $-1.88 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-2.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $179.14 Mil.

Transcontinental Realty Investors's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Transcontinental Realty Investors did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Transcontinental Realty Investors (Transcontinental Realty Investors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Transcontinental Realty Investors Inc (NYSE:TCI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1603 Lyndon B Johnson Freeway, Suite 800, Dallas, TX, USA, 75234

Website

http://www.transconrealty-invest.com

Transcontinental Realty Investors Inc is a fully integrated externally managed real estate company. It operates multifamily and commercial properties throughout the southern United States and also invests in mortgage notes receivable and in the land that is either held for appreciation or development. The company has two business segments: the acquisition, development, ownership, and management of multifamily properties which include the rental of apartments and other tenant services, including parking and storage space rental, and the acquisition, development, ownership, and management of commercial properties which are office properties. It includes the rental of office space and other tenant services, including parking and storage space rental.

Executives

Louis J Corna	officer: EVP, GC/Tax Counsel& Secretary	1800 VALLEY VIEW LANE, DALLAS TX 75234
Erik L Johnson	officer: Ex. Vice President and CFO
Daniel J Moos	officer: President and CEO	1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234
American Realty Investors Inc	10 percent owner	1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234
Transcontinental Realty Acquisition Corp	10 percent owner	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Eqk Holdings Inc	10 percent owner	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Martha C Stephens	director	248 SIMMONS, DRIVE, COPPELL TX 75019
Rl S Lemke	director, officer: Vice President	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Basic Capital Management Inc	10 percent owner
David R. Fletcher	officer: EVP & CFO	C/O SOC TELEMED, INC., 1768 BUSINESS CENTER DRIVE, SUITE 100, RESTON VA 20190
Gene S Bertcher	officer: EVP & Chief Acctg. Officer	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Reagan K Vidal	officer: Ex VP Mg Dir Capital Markets	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Alfred Crozier	officer: EVP	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Canon James D Iii	officer: Exec. V.P.-Multi-Family Const.	1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234
Transcontinental Realty Investors Inc	officer: Exec.V.P.-Multi-Family Const	1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234