SYN Prop E Tech (BSP:SYNE3) Interest Expense : R$-188.9 Mil (TTM As of Dec. 2023)

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What is SYN Prop E Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SYN Prop E Tech's interest expense for the three months ended in Dec. 2023 was R$ -42.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-188.9 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. SYN Prop E Tech's Operating Income for the three months ended in Dec. 2023 was R$ 48.4 Mil. SYN Prop E Tech's Interest Expense for the three months ended in Dec. 2023 was R$ -42.5 Mil. SYN Prop E Tech's Interest Coverage for the quarter that ended in Dec. 2023 was 1.14. 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.

SYN Prop E Tech Interest Expense Historical Data

The historical data trend for SYN Prop E Tech'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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SYN Prop E Tech Interest Expense Chart

SYN Prop E Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-157.89

-108.34

-164.26

-207.24

-188.27

SYN Prop E Tech 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															-45.65	-51.51	-47.87	-47.06	-42.47

SYN Prop E Tech 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 R$-188.9 Mil.

SYN Prop E Tech (BSP:SYNE3) 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.

SYN Prop E Tech's Interest Expense for the three months ended in Dec. 2023 was R$-42.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$48.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$956.4 Mil.

SYN Prop E Tech'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	*	48.423	/	-42.471
	=	1.14

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

SYN Prop E Tech (BSP:SYNE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SYN Prop E Tech SA (BSP:SYNE3) » Definitions » Interest Expense

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SYYNY:USA

Address

Avenida Brigadeiro Faria Lima, 3600, 14th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132

Website

https://www.ccpsa.com.br

SYN Prop E Tech SA is involved in the real estate sector. It focuses on the development, trade, and management of commercial properties in Brazil. Its portfolio includes shopping centres and corporate buildings. Business is organized into three operating segments being Buildings, Shopping malls, Services and Others. Key revenue is earned from the Building division which is engaged in the sale and lease of commercial buildings. Shopping malls consists of the lease of stores in shopping malls. Services consists of services involving the management of shopping malls, development of properties and operation of parking lots. Other consists of the lease of other types of properties.

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