FRP Holdings (FRP Holdings) Interest Expense : $-4.22 Mil (TTM As of Dec. 2023)

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What is FRP Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FRP Holdings's interest expense for the three months ended in Dec. 2023 was $ -1.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.22 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. FRP Holdings's Operating Income for the three months ended in Dec. 2023 was $ 3.18 Mil. FRP Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -1.06 Mil. FRP Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.99. 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.

FRP Holdings Interest Expense Historical Data

The historical data trend for FRP Holdings'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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FRP Holdings Interest Expense Chart

FRP Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.05

-1.10

-2.30

-3.05

-4.32

FRP Holdings 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															-1.01	-1.13	-1.12	-1.06	-0.91

FRP Holdings 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 $-4.22 Mil.

FRP Holdings (NAS:FRPH) 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.

FRP Holdings's Interest Expense for the three months ended in Dec. 2023 was $-1.06 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $178.71 Mil.

FRP Holdings'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	*	3.183	/	-1.064
	=	2.99

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

FRP Holdings (FRP Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FRP Holdings Inc (NAS:FRPH) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

200 West Forsyth Street, 7th Floor, Jacksonville, FL, USA, 32202

Website

https://www.frpdev.com

FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Asset Management Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, warehouse, and office buildings either alone or through joint ventures (the Development Segment); ownership, leasing and management of buildings through joint ventures (the Stabilized Joint Venture Segment).

Executives

Devilliers David H Iii	officer: Executive Vice President	200 WEST FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Milton John D Jr	officer: Executive VP and CFO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Devilliers David H Jr	officer: President of Real Estate Group	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Baker John D Ii	director, 10 percent owner	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Nicole B. Thomas	director	200 W. FORSYTH ST, 7TH FLOOR, JACKSONVILLE FL 32202
John S Surface	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Baker John D. Iii	officer: Chief Financial Officer	FRP HOLDINGS, INC., 200 WEST FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
John D Klopfenstein	officer: Controller and CAO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Margaret B. Wetherbee	director	FRP HOLDINGS, INC., 200 WEST FORSYTH STREET, JACKSONVILLE FL 32202
Commander Charles E Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
James H Winston	director	C/O STEIN MORT INC, 1200 RIVERPLACE BLVD, JACKSONVILLE FL 32207
Walton William H Iii	director	ONE INDEPENDENT DRIVE, SUITE 1600, JACKSONVILLE FL 32202
Baker Thompson S Ii	director, 10 percent owner	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Robert E Sandlin	officer: President & CEO of FRTL	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Fichthorn Luke E Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202