Global Medical REIT (Global Medical REIT) Interest Expense : $-29.5 Mil (TTM As of Mar. 2024)

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What is Global Medical REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Medical REIT's interest expense for the three months ended in Mar. 2024 was $ -6.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-29.5 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. Global Medical REIT's Operating Income for the three months ended in Mar. 2024 was $ 9.2 Mil. Global Medical REIT's Interest Expense for the three months ended in Mar. 2024 was $ -6.9 Mil. Global Medical REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 1.33. 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.

Global Medical REIT Interest Expense Historical Data

The historical data trend for Global Medical 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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Global Medical REIT Interest Expense Chart

Global Medical REIT Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.47

-18.68

-19.70

-25.23

-30.89

Global Medical REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.27	-8.47	-7.17	-6.98	-6.89

Global Medical 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.5 Mil.

Global Medical REIT (NYSE:GMRE) 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.

Global Medical REIT's Interest Expense for the three months ended in Mar. 2024 was $-6.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $33.5 Mil.

Global Medical REIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9.155	/	-6.89
	=	1.33

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. Global Medical REIT Inc interest coverage is 1.26, which is low.

Global Medical REIT (Global Medical REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Medical REIT Inc (NYSE:GMRE) » Definitions » Interest Expense

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Traded in Other Exchanges

GMREpA.PFD:USA 3UN:Germany 3UN:Germany

Address

7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814

Website

https://www.globalmedicalreit.com

Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.

Executives

Moore Roscoe M Jr	director	C/O HEMOBIOTECH, INC., 5001 SPRING VALLEY ROAD, SUITE 1040 WEST, DALLAS TX 75244
Henry Cole	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Jeffrey Busch	director, officer: Chairman, President and CEO	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Lori Wittman	director	191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Matthew Cypher	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Paula Crowley	director	2 BETHESDA METRO CENTER, SUITE 440, BETHESDA MD 20814
Ronald Marston	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Robert J Kiernan	officer: Chief Financial Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Alfonzo Leon	officer: Chief Investment Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Danica Holley	officer: Chief Operating Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Jamie Allen Barber	officer: Secretary and General Counsel	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Allen Webb	officer: SVP	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Huiqi Zhang	director, 10 percent owner	40-44 WYNDHAM STREET, 24/F WYNDHAM PLACE, HONG KONG K3 00000
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Superior Glory Enterprises Ltd.	10 percent owner	VISTRA CORPORATE SERVICES CENTRE, WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110