Newmark Property REIT (ASX:NPR) Interest Expense : A$-10.18 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Newmark Property REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newmark Property REIT's interest expense for the six months ended in Dec. 2023 was A$ -5.85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-10.18 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. Newmark Property REIT's Operating Income for the six months ended in Dec. 2023 was A$ 11.87 Mil. Newmark Property REIT's Interest Expense for the six months ended in Dec. 2023 was A$ -5.85 Mil. Newmark Property REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 2.03. 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.

Newmark Property REIT Interest Expense Historical Data

The historical data trend for Newmark Property 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.

* Premium members only.

Newmark Property REIT Interest Expense Chart

Newmark Property REIT Annual Data

Trend

Jun22

Jun23

Interest Expense

-3.74

-7.47

Newmark Property REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-1.86	-1.89	-3.13	-4.33	-5.85

Newmark Property 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$-10.18 Mil.

Newmark Property REIT (ASX:NPR) 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.

Newmark Property REIT's Interest Expense for the six months ended in Dec. 2023 was A$-5.85 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$11.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

Newmark Property 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	*	11.871	/	-5.846
	=	2.03

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. Newmark Property REIT interest coverage is 2.11, which is low.

Newmark Property REIT (ASX:NPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Newmark Property REIT (ASX:NPR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

644 Chapel Street, Como Centre, Level 17, South Yarra, Yarra, VIC, AUS, 3141

Website

https://www.newmarkcapital.com.au

Newmark Property REIT is a real estate investment trust. It offers investors access to Australian hardware and large-format retail properties. The group receives the majority of its revenue through rental income.

Newmark Property REIT (ASX:NPR) Headlines

No Headlines