Empire State Realty OP LP (Empire State Realty OP LP) Interest Expense : $-101.3 Mil (TTM As of Dec. 2023)

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What is Empire State Realty OP LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empire State Realty OP LP's interest expense for the three months ended in Dec. 2023 was $ -25.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-101.3 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. Empire State Realty OP LP's Operating Income for the three months ended in Dec. 2023 was $ 40.8 Mil. Empire State Realty OP LP's Interest Expense for the three months ended in Dec. 2023 was $ -25.4 Mil. Empire State Realty OP LP's Interest Coverage for the quarter that ended in Dec. 2023 was 1.61. 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.

Empire State Realty OP LP Interest Expense Historical Data

The historical data trend for Empire State Realty OP LP'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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Empire State Realty OP LP Interest Expense Chart

Empire State Realty OP LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-79.25

-89.91

-94.39

-101.21

-101.48

Empire State Realty OP LP 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															-25.30	-25.41	-25.38	-25.39	-25.13

Empire State Realty OP LP 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 $-101.3 Mil.

Empire State Realty OP LP (ARCA:OGCP) 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.

Empire State Realty OP LP's Interest Expense for the three months ended in Dec. 2023 was $-25.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $40.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,879.7 Mil.

Empire State Realty OP LP'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	*	40.772	/	-25.393
	=	1.61

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

Empire State Realty OP LP (Empire State Realty OP LP) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empire State Realty OP LP (ARCA:OGCP) » Definitions » Interest Expense

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FISK:USA ESBA:USA

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.esrtreit.com

Empire State Realty OP LP is the operating partner of Empire State Realty Inc. The company along with its partner manages, operates, acquires and repositions properties in Manhattan and the greater New York metropolitan area. The firm operates in two segments, Real Estate and Observatory. Through the Real Estate segment, it offers services related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Under the Observatory segment, it operates the two observatories of the Empire State Building. The company generates maximum revenue from the Real Estate segment.