Region Group (ASX:RGN) Interest Expense : A$-57.5 Mil (TTM As of Dec. 2023)

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What is Region Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Region Group's interest expense for the six months ended in Dec. 2023 was A$ -32.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-57.5 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. Region Group's Operating Income for the six months ended in Dec. 2023 was A$ 102.2 Mil. Region Group's Interest Expense for the six months ended in Dec. 2023 was A$ -32.3 Mil. Region Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.16. 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.

Region Group Interest Expense Historical Data

The historical data trend for Region Group'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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Region Group Interest Expense Chart

Region Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-58.90

-38.20

-41.80

-35.90

-49.10

Region Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.60	-18.30	-23.90	-25.20	-32.30

Region Group 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 semi-annually data reported by the company within the most recent 12 months, which was A$-57.5 Mil.

Region Group (ASX:RGN) 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.

Region Group's Interest Expense for the six months ended in Dec. 2023 was A$-32.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$102.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,271.3 Mil.

Region Group'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	*	102.2	/	-32.3
	=	3.16

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. Region Group interest coverage is 3.81, which is low.

Region Group (ASX:RGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Region Group (ASX:RGN) » Definitions » Interest Expense

Comparable Companies

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SCPAF:USA

Address

50 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.regiongroup.au

Region Group owns a portfolio of smaller shopping centres. About half of rental income comes from anchor tenants, typically Woolworths or Coles businesses, or in some cases discount department stores. The assets are mostly in regional or suburban areas of Australia, and the group divested its New Zealand assets in 2016. The portfolio assets are neighbourhood (about 75% by value) and subregional shopping centres (25%). It also has a small amount of income from funds management.

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