Cromwell Property Group (ASX:CMW) Interest Expense : A$-82.4 Mil (TTM As of Dec. 2023)

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What is Cromwell Property Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cromwell Property Group's interest expense for the six months ended in Dec. 2023 was A$ -37.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-82.4 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. Cromwell Property Group's Operating Income for the six months ended in Dec. 2023 was A$ 50.6 Mil. Cromwell Property Group's Interest Expense for the six months ended in Dec. 2023 was A$ -37.7 Mil. Cromwell Property Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.34. 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.

Cromwell Property Group Interest Expense Historical Data

The historical data trend for Cromwell Property Group'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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Cromwell Property Group Interest Expense Chart

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-68.10

-70.10

-70.80

-72.30

-85.20

Cromwell Property Group 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															-31.60	-40.70	-40.50	-44.70	-37.70

Cromwell Property Group 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 A$-82.4 Mil.

Cromwell Property Group (ASX:CMW) 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.

Cromwell Property Group's Interest Expense for the six months ended in Dec. 2023 was A$-37.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$50.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,290.5 Mil.

Cromwell Property Group'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	*	50.6	/	-37.7
	=	1.34

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. Cromwell Property Group interest coverage is 1.43, which is low.

Cromwell Property Group (ASX:CMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cromwell Property Group (ASX:CMW) » Definitions » Interest Expense

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C4Q:Germany

Address

200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.cromwellpropertygroup.com

Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

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