Safestore Holdings (LSE:SAFE) Interest Expense : £-20.4 Mil (TTM As of Oct. 2023)

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What is Safestore Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Safestore Holdings's interest expense for the six months ended in Oct. 2023 was £ -10.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was £-20.4 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. Safestore Holdings's Operating Income for the six months ended in Oct. 2023 was £ 69.0 Mil. Safestore Holdings's Interest Expense for the six months ended in Oct. 2023 was £ -10.5 Mil. Safestore Holdings's Interest Coverage for the quarter that ended in Oct. 2023 was 6.57. 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.

Safestore Holdings Interest Expense Historical Data

The historical data trend for Safestore Holdings'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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Safestore Holdings Interest Expense Chart

Safestore Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-13.30

-14.70

-14.90

-16.90

-20.40

Safestore Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial															-7.50	-8.30	-8.60	-9.90	-10.50

Safestore Holdings 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-20.4 Mil.

Safestore Holdings (LSE:SAFE) 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.

Safestore Holdings's Interest Expense for the six months ended in Oct. 2023 was £-10.5 Mil. Its Operating Income for the six months ended in Oct. 2023 was £69.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was £769.6 Mil.

Safestore Holdings's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	69	/	-10.5
	=	6.57

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

Safestore Holdings (LSE:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safestore Holdings PLC (LSE:SAFE) » Definitions » Interest Expense

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Traded in Other Exchanges

SFSHF:USA SAFEl:UK IHF:Germany

Address

Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT

Website

https://www.safestore.co.uk

Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on the acquisition and operation of storage locations in wealthy, densely populated areas in Europe. Safestore's properties in the United Kingdom comprise the vast majority of its total holdings. The company derives the majority of its revenue from the rental of its self-storage lockers and the remaining from the sale of insurance and packaging materials. Southeast England and London account for the majority of Safestore's income. Total occupancy is split fairly evenly between individuals and businesses ranging from online retailers to large, multinational companies.