Wereldhave NV (FRA:WER) Interest Expense : €-31.0 Mil (TTM As of Dec. 2023)

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What is Wereldhave NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wereldhave NV's interest expense for the six months ended in Dec. 2023 was € -17.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-31.0 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. Wereldhave NV's Operating Income for the six months ended in Dec. 2023 was € 58.0 Mil. Wereldhave NV's Interest Expense for the six months ended in Dec. 2023 was € -17.4 Mil. Wereldhave NV's Interest Coverage for the quarter that ended in Dec. 2023 was 3.33. 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.

Wereldhave NV Interest Expense Historical Data

The historical data trend for Wereldhave NV'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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Wereldhave NV Interest Expense Chart

Wereldhave NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.38

-28.90

-24.76

-23.56

-31.02

Wereldhave NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-11.73	-10.96	-12.59	-13.60	-17.43

Wereldhave NV 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 €-31.0 Mil.

Wereldhave NV (FRA:WER) 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.

Wereldhave NV's Interest Expense for the six months ended in Dec. 2023 was €-17.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was €58.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €815.7 Mil.

Wereldhave NV'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	*	58.013	/	-17.425
	=	3.33

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. Wereldhave NV interest coverage is 3.55, which is low.

Wereldhave NV (FRA:WER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Wereldhave NV (FRA:WER) » Definitions » Interest Expense

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Traded in Other Exchanges

WRDEF:USA WHA:Netherlands 0NMR:UK WER:Germany

Address

Schiphol Boulevard 233, WTC Schiphol, Tower A, PO Box 75837, 3rd Floor, Schiphol, NLD, 1118 BH

Website

https://www.wereldhave.com

Wereldhave NV is a Dutch real estate investment company that owns and operates shopping centres in northwest continental Europe. The company's properties are located in large regional cities in the Netherlands, Belgium, France, and Finland, with the majority of revenue derived from the Netherlands. Wereldhave principally generates revenue from leasing properties to tenants, which include fashion and accessories stores, restaurants and cafes, consumer electronics retailers, and homeware and household shops.

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