CareTrust REIT (CareTrust REIT) Interest Expense : $-40.9 Mil (TTM As of Dec. 2023)

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What is CareTrust REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CareTrust REIT's interest expense for the three months ended in Dec. 2023 was $ -8.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-40.9 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. CareTrust REIT's Operating Income for the three months ended in Dec. 2023 was $ 31.5 Mil. CareTrust REIT's Interest Expense for the three months ended in Dec. 2023 was $ -8.3 Mil. CareTrust REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 3.81. 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.

CareTrust REIT Interest Expense Historical Data

The historical data trend for CareTrust 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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CareTrust REIT Interest Expense Chart

CareTrust REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.13

-23.66

-23.68

-30.01

-40.88

CareTrust REIT 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															-9.61	-9.83	-11.04	-11.75	-8.27

CareTrust 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 quarterly data reported by the company within the most recent 12 months, which was $-40.9 Mil.

CareTrust REIT (NYSE:CTRE) 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.

CareTrust REIT's Interest Expense for the three months ended in Dec. 2023 was $-8.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $31.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $595.6 Mil.

CareTrust 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	*	31.459	/	-8.266
	=	3.81

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

CareTrust REIT (CareTrust REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CareTrust REIT Inc (NYSE:CTRE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

7XC:Germany

Address

905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673

Website

https://www.caretrustreit.com

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

Executives

James Callister	officer: Executive Vice President	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Anne Olson	director	800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Careina D. Williams	director	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Spencer G Plumb	director	17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128
Diana Laing	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Mark D Lamb	officer: Chief Investment Officer	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Gary B Sabin	director	16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127
Jon D Kline	director	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
William M Wagner	officer: See Remarks	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
David M. Sedgwick	officer: Vice President of Operations	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Gregory K. Stapley	director, officer: President and CEO	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Allen Barbieri	director
David G. Lindahl	director	27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691
Christopher R. Christensen	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ensign Group, Inc	10 percent owner	29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675