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Getty Realty (FRA:GRL) Interest Expense : €-30.6 Mil (TTM As of Mar. 2024)


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What is Getty Realty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Getty Realty's interest expense for the three months ended in Mar. 2024 was € -8.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-30.6 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. Getty Realty's Operating Income for the three months ended in Mar. 2024 was € 23.9 Mil. Getty Realty's Interest Expense for the three months ended in Mar. 2024 was € -8.4 Mil. Getty Realty's Interest Coverage for the quarter that ended in Mar. 2024 was 2.84. 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.

Getty Realty Interest Expense Historical Data

The historical data trend for Getty Realty'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.

Getty Realty Interest Expense Chart

Getty Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.17 -21.44 -21.84 -26.11 -28.91

Getty Realty 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.02 -6.56 -7.57 -8.09 -8.40

Getty Realty 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 €-30.6 Mil.

* 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.

Getty Realty  (FRA:GRL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Getty Realty's Interest Expense for the three months ended in Mar. 2024 was €-8.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €23.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €701.4 Mil.

Getty Realty'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*23.898/-8.404
=2.84

* 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.

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

Getty Realty (FRA:GRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Getty Realty Corp (FRA:GRL) » Definitions » Interest Expense
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GTY:USA GRL:Germany
Address
292 Madison Avenue, 9th Floor, New York, NY, USA, 10017-6318
Website
https://www.gettyrealty.com
Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.

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