Saul Centers (Saul Centers) Interest Expense

: $-47.2 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. Saul Centers's interest expense for the three months ended in Dec. 2023 was $ -12.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-47.2 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. Saul Centers's Operating Income for the three months ended in Dec. 2023 was $ 30.1 Mil. Saul Centers's Interest Expense for the three months ended in Dec. 2023 was $ -12.1 Mil. Saul Centers's Interest Coverage for the quarter that ended in Dec. 2023 was 2.48. 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.

Saul Centers Interest Expense Historical Data

The historical data trend for Saul Centers'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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Saul Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.56

-45.09

-43.72

-42.03

-47.20

Saul Centers 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															-11.28	-11.37	-11.80	-11.92	-12.11

Saul Centers 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 $-47.2 Mil.

Saul Centers (NYSE:BFS) 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.

Saul Centers's Interest Expense for the three months ended in Dec. 2023 was $-12.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,112.3 Mil.

Saul Centers'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	*	30.098	/	-12.114
	=	2.48

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. Saul Centers Inc interest coverage is 2.5, which is low.

Saul Centers (Saul Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (NYSE:BFS) » Definitions » Interest Expense

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Address

7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522

Website

https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

Executives

Saul B Francis Ii	director, 10 percent owner, officer: Chief Executive Officer	8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard	officer: Senior Vice President & CFO	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson	officer: Executive V.P.-Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton	director	BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr	director	1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci	director
James Page Lansdale	officer: Exec. VP - Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman	officer: Sr. V.P./Chief Acctng Officer	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan	director	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich	officer: Sr. VP-Acquisitions & Dev.
Lori Godby	officer: Senior Vice Pres.-Residential	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland	officer: SVP, Office and Retail	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock	director, officer: VP-Residential Development	7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814