Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Interest Expense : R$-17.5 Mil (TTM As of Mar. 2024)

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What is Mitre Realty Empreendimentos E Participacoes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitre Realty Empreendimentos E Participacoes's interest expense for the three months ended in Mar. 2024 was R$ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-17.5 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. Mitre Realty Empreendimentos E Participacoes's Operating Income for the three months ended in Mar. 2024 was R$ 8.0 Mil. Mitre Realty Empreendimentos E Participacoes's Interest Expense for the three months ended in Mar. 2024 was R$ -2.1 Mil. Mitre Realty Empreendimentos E Participacoes's Interest Coverage for the quarter that ended in Mar. 2024 was 3.89. 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.

Mitre Realty Empreendimentos E Participacoes Interest Expense Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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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Mitre Realty Empreendimentos E Participacoes Interest Expense Chart

Mitre Realty Empreendimentos E Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.16

-3.90

-25.58

-0.28

-15.59

Mitre Realty Empreendimentos E Participacoes 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															-0.12	-5.43	-1.26	-8.79	-2.05

Mitre Realty Empreendimentos E Participacoes 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 R$-17.5 Mil.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) 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.

Mitre Realty Empreendimentos E Participacoes's Interest Expense for the three months ended in Mar. 2024 was R$-2.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$298.0 Mil.

Mitre Realty Empreendimentos E Participacoes'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	*	7.977	/	-2.05
	=	3.89

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

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitre Realty Empreendimentos E Participacoes SA (BSP:MTRE3) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001

Website

https://www.mitrerealty.com.br

Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

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