LEG Immobilien SE (LEG Immobilien SE) Interest Expense : $-184 Mil (TTM As of Mar. 2024)

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What is LEG Immobilien SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LEG Immobilien SE's interest expense for the three months ended in Mar. 2024 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-184 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. LEG Immobilien SE's Operating Income for the three months ended in Mar. 2024 was $ 135 Mil. LEG Immobilien SE's Interest Expense for the three months ended in Mar. 2024 was $ -47 Mil. LEG Immobilien SE's Interest Coverage for the quarter that ended in Mar. 2024 was 2.86. 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.

LEG Immobilien SE Interest Expense Historical Data

The historical data trend for LEG Immobilien SE'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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LEG Immobilien SE Interest Expense Chart

LEG Immobilien SE Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-139.44

-123.11

-135.25

-151.48

-179.94

LEG Immobilien SE 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															-40.69	-42.47	-44.50	-50.27	-47.17

LEG Immobilien SE 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 $-184 Mil.

LEG Immobilien SE (OTCPK:LEGIF) 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.

LEG Immobilien SE's Interest Expense for the three months ended in Mar. 2024 was $-47 Mil. Its Operating Income for the three months ended in Mar. 2024 was $135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

LEG Immobilien SE'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	*	134.783	/	-47.174
	=	2.86

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. LEG Immobilien SE interest coverage is 3.26, which is low.

LEG Immobilien SE (LEG Immobilien SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » LEG Immobilien SE (OTCPK:LEGIF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

1LEG:Italy LEGd:UK LEG:Germany LEG:Austria

Address

Flughafenstrasse 99, Dusseldorf, NW, DEU, D-40474

Website

http://www.leg.ag

LEG Immobilien SE is a general real estate company. The company's portfolio consists primarily of residential units, followed by garages, parking spaces, and commercial units. The business model is supplemented by the targeted development of innovative value-added services. LEG is primarily focused on the German market of the North Rhine-Westphalia region. The company divides its portfolio into three groups: high growth markets, stable markets, and higher-yielding markets. LEG considers merger and acquisition investment as a potential component of its operational growth strategy.