Alexander's (Alexander's) Interest Expense

: $-58.3 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alexander's's interest expense for the three months ended in Dec. 2023 was $ -16.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-58.3 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. Alexander's's Operating Income for the three months ended in Dec. 2023 was $ 26.2 Mil. Alexander's's Interest Expense for the three months ended in Dec. 2023 was $ -16.7 Mil. Alexander's's Interest Coverage for the quarter that ended in Dec. 2023 was 1.57. 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.

Alexander's Interest Expense Historical Data

The historical data trend for Alexander's'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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Alexander's Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-38.90

-24.20

-19.69

-28.60

-58.30

Alexander's Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-10.68	-12.25	-13.20	-16.18	-16.67

Alexander's 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-58.3 Mil.

Alexander's (NYSE:ALX) 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.

Alexander's's Interest Expense for the three months ended in Dec. 2023 was $-16.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $26.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,092.6 Mil.

Alexander's's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	26.178	/	-16.673
	=	1.57

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

Alexander's (Alexander's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (NYSE:ALX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AXE:Germany AXE:Germany

Address

210 Route 4 East, Paramus, NJ, USA, 07652

Website

https://www.alx-inc.com

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Executives

Gary W. Hansen	officer: Chief Financial Officer	210 ROUTE 4 EAST, PARAMUS NJ 07652
Mandakini Puri	director	C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Wight Russell B Jr	director
Matthew Iocco	officer: Chief Financial Officer	888 7TH AVENUE, NEW YORK NY 10019
Wendy Silverstein	director, .
Properties Interstate	10 percent owner	C/O VORNADO REALTY TRUST, 888 SEVENTH AVENUE, NEW YORK NY 10019
Thomas R Dibenedetto	director
David Mandelbaum	director, 10 percent owner
Arthur Sonnenblick	director	888 SEVENTH AVE, NEW YORK NY 10019
Steven Roth	director, 10 percent owner, officer: Chairman & CEO
Neil Underberg	director	888 SEVENTH AVE, NEW YORK NY 10019
Richard R West	director
Joseph Macnow	officer: CFO/EVP - Fin. & Admin.
Michael D Fascitelli	director, officer: President	MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Stephen Mann	director	450 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022