Investore Property (NZSE:IPL) Interest Expense : NZ$-17.48 Mil (TTM As of Mar. 2024)

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What is Investore Property Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Investore Property's interest expense for the six months ended in Mar. 2024 was NZ$ -8.73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-17.48 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. Investore Property's Operating Income for the six months ended in Mar. 2024 was NZ$ 26.86 Mil. Investore Property's Interest Expense for the six months ended in Mar. 2024 was NZ$ -8.73 Mil. Investore Property's Interest Coverage for the quarter that ended in Mar. 2024 was 3.08. 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.

Investore Property Interest Expense Historical Data

The historical data trend for Investore Property'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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Investore Property Interest Expense Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-13.26

-16.64

-12.88

-15.50

-17.48

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial										-6.66	-7.40	-8.10	-8.75	-8.73

Investore Property 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 NZ$-17.48 Mil.

Investore Property (NZSE:IPL) 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.

Investore Property's Interest Expense for the six months ended in Mar. 2024 was NZ$-8.73 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$26.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$314.17 Mil.

Investore Property'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	*	26.855	/	-8.725
	=	3.08

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. Investore Property Ltd interest coverage is 3.04, which is low.

Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Interest Expense

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Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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