Charter Hall Long WALE REIT (ASX:CLW) Interest Expense : A$-73.3 Mil (TTM As of Dec. 2023)

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What is Charter Hall Long WALE REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Charter Hall Long WALE REIT's interest expense for the six months ended in Dec. 2023 was A$ -42.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-73.3 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. Charter Hall Long WALE REIT's Operating Income for the six months ended in Dec. 2023 was A$ 74.4 Mil. Charter Hall Long WALE REIT's Interest Expense for the six months ended in Dec. 2023 was A$ -42.0 Mil. Charter Hall Long WALE REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 1.77. 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.

Charter Hall Long WALE REIT Interest Expense Historical Data

The historical data trend for Charter Hall Long WALE REIT'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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Charter Hall Long WALE REIT Interest Expense Chart

Charter Hall Long WALE REIT Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-19.64

-21.24

-20.37

-33.14

-60.38

Charter Hall Long WALE REIT Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-13.97	-19.17	-29.02	-31.35	-41.96

Charter Hall Long WALE REIT 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 semi-annually data reported by the company within the most recent 12 months, which was A$-73.3 Mil.

Charter Hall Long WALE REIT (ASX:CLW) 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.

Charter Hall Long WALE REIT's Interest Expense for the six months ended in Dec. 2023 was A$-42.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$74.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$2,039.5 Mil.

Charter Hall Long WALE REIT'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	*	74.443	/	-41.955
	=	1.77

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. Charter Hall Long WALE REIT interest coverage is 2.03, which is low.

Charter Hall Long WALE REIT (ASX:CLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Long WALE REIT (ASX:CLW) » Definitions » Interest Expense

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Traded in Other Exchanges

CHLWF:USA

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Long Wale REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is near 100%, and weighted average lease length is a long 11.2 years (as at June 30, 2023). More than half the REIT's leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT's about AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with about 79% of the portfolio on Australia's eastern seaboard. Leases are evenly spread between CPI-linked (7.2% average rent increase expected in 2023) and fixed uplifts (average 3.1% uplift expected). The tenant profile is strong, with almost all occupiers being government, multinational or national businesses.