Land Securities Group (FRA:LSU2) Interest Expense : €-121.1 Mil (TTM As of Mar. 2024)

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What is Land Securities Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Land Securities Group's interest expense for the six months ended in Mar. 2024 was € -66.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-121.1 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. Land Securities Group's Operating Income for the six months ended in Mar. 2024 was € 231.5 Mil. Land Securities Group's Interest Expense for the six months ended in Mar. 2024 was € -66.6 Mil. Land Securities Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.47. 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.

Land Securities Group Interest Expense Historical Data

The historical data trend for Land Securities 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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Land Securities Group Interest Expense Chart

Land Securities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-107.53

-87.38

-101.69

-98.61

-121.58

Land Securities Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-62.21	-46.90	-52.14	-54.50	-66.63

Land Securities 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-121.1 Mil.

Land Securities Group (FRA:LSU2) 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.

Land Securities Group's Interest Expense for the six months ended in Mar. 2024 was €-66.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was €231.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was €3,279.0 Mil.

Land Securities Group'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	*	231.461	/	-66.633
	=	3.47

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

Land Securities Group (FRA:LSU2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Land Securities Group PLC (FRA:LSU2) » Definitions » Interest Expense

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Traded in Other Exchanges

LSGOF:USA LDSCY:USA LANDl:UK LAND:UK

Address

100 Victoria Street, London, GBR, SW1E 5JL

Website

https://www.landsec.com

Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of the office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London.

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