Vicinity Centres (Vicinity Centres) Interest Expense : $-122.9 Mil (TTM As of Dec. 2023)

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What is Vicinity Centres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vicinity Centres's interest expense for the six months ended in Dec. 2023 was $ -62.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-122.9 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. Vicinity Centres's Operating Income for the six months ended in Dec. 2023 was $ 270.2 Mil. Vicinity Centres's Interest Expense for the six months ended in Dec. 2023 was $ -62.3 Mil. Vicinity Centres's Interest Coverage for the quarter that ended in Dec. 2023 was 4.34. 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.

Vicinity Centres Interest Expense Historical Data

The historical data trend for Vicinity Centres'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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Vicinity Centres Interest Expense Chart

Vicinity Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-128.54

-117.05

-105.89

-111.74

-117.99

Vicinity Centres 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															-56.65	-56.08	-57.69	-60.60	-62.32

Vicinity Centres 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 $-122.9 Mil.

Vicinity Centres (OTCPK:CNRAF) 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.

Vicinity Centres's Interest Expense for the six months ended in Dec. 2023 was $-62.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was $270.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2,767.3 Mil.

Vicinity Centres'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	*	270.214	/	-62.316
	=	4.34

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

Vicinity Centres (Vicinity Centres) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (OTCPK:CNRAF) » Definitions » Interest Expense

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VCX:Australia

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.