Westfield (ASX:WFD) Interest Expense : A$-174 Mil (TTM As of Dec. 2017)

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What is Westfield Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westfield's interest expense for the six months ended in Dec. 2017 was A$ -122 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2017 was A$-174 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. Westfield's Operating Income for the six months ended in Dec. 2017 was A$ -172 Mil. Westfield's Interest Expense for the six months ended in Dec. 2017 was A$ -122 Mil. Westfield did not have earnings to cover the interest expense. 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.

Westfield Interest Expense Historical Data

The historical data trend for Westfield'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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Westfield Interest Expense Chart

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

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-795.40

-398.44

-140.98

-83.61

-174.36

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Interest Expense	Get a 7-Day Free Trial															-109.99	-3.23	-80.38	-52.39	-121.97

Westfield 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-174 Mil.

Westfield (ASX:WFD) 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.

Westfield's Interest Expense for the six months ended in Dec. 2017 was A$-122 Mil. Its Operating Income for the six months ended in Dec. 2017 was A$-172 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2017 was A$9,596 Mil.

Westfield's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as

Westfield did not have earnings to cover the interest expense.

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

Westfield (ASX:WFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (ASX:WFD) » Definitions » Interest Expense

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N/A

Address

Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

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