Vornado Realty Trust (Vornado Realty Trust) Interest Expense

: $-326 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vornado Realty Trust's interest expense for the three months ended in Dec. 2023 was $ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-326 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. Vornado Realty Trust's Operating Income for the three months ended in Dec. 2023 was $ 57 Mil. Vornado Realty Trust's Interest Expense for the three months ended in Dec. 2023 was $ -82 Mil. Vornado Realty Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 0.70. 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.

Vornado Realty Trust Interest Expense Historical Data

The historical data trend for Vornado Realty Trust'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.

* Premium members only.

Vornado Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-262.82

-210.79

-210.85

-257.96

-325.92

Vornado Realty Trust 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															-82.50	-80.22	-81.21	-82.13	-82.36

Vornado Realty Trust 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 $-326 Mil.

Vornado Realty Trust (NYSE:VNO) 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.

Vornado Realty Trust's Interest Expense for the three months ended in Dec. 2023 was $-82 Mil. Its Operating Income for the three months ended in Dec. 2023 was $57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,409 Mil.

Vornado Realty Trust'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	*	57.455	/	-82.356
	=	0.70

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. Vornado Realty Trusts earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Vornado Realty Trust (Vornado Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vornado Realty Trust (NYSE:VNO) » Definitions » Interest Expense

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Address

888 Seventh Avenue, New York, NY, USA, 10019

Website

https://www.vno.com

Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Executives

Michael D Fascitelli	director, officer: President	MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Wight Russell B Jr	director
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Deirdre K. Maddock	officer: SVP - Chief Accounting Officer	210 ROUTE 4 EAST, 210 W RTE 4 EAST, PARAMUS NJ 07652
Beatrice Hamza Bassey	director	2188 LEDGE ROCK LANE, HENDERSON NV 89052
William W Helman	director	GREYLOCK, 880 WINTER ST SUITE 300, WALTHAM MA 02451
Barry Langer	officer: EVP - Dev. Co-Head of R.E.	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Glen J. Weiss	officer: EVP- Off Leasing Co- Head R.E.	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Haim Chera	officer: EVP- Head of Retail	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Joseph Macnow	officer: Exec. VP--Finance, CFO
Matthew Iocco	officer: EVP - Principal Accounting Off	888 7TH AVENUE, NEW YORK NY 10019
Mitchell N Schear	officer: President - Smith Division
Mandakini Puri	director	C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Daniel R Tisch	director	460 PARK AVENUE, NEW YORK NY 10022
Wendy Silverstein	officer: Exec VP-Capital Markets