CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Interest Expense : ฿-2,511 Mil (TTM As of Mar. 2024)

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What is CPN Retail Growth Leasehold REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CPN Retail Growth Leasehold REIT's interest expense for the three months ended in Mar. 2024 was ฿ -619 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-2,511 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. CPN Retail Growth Leasehold REIT's Operating Income for the three months ended in Mar. 2024 was ฿ 1,233 Mil. CPN Retail Growth Leasehold REIT's Interest Expense for the three months ended in Mar. 2024 was ฿ -619 Mil. CPN Retail Growth Leasehold REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 1.99. 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.

CPN Retail Growth Leasehold REIT Interest Expense Historical Data

The historical data trend for CPN Retail Growth Leasehold 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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CPN Retail Growth Leasehold REIT Interest Expense Chart

CPN Retail Growth Leasehold REIT Annual Data

Trend

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Dec23

Interest Expense

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-502.41

-1,713.43

-2,193.14

-2,361.37

-2,499.71

CPN Retail Growth Leasehold REIT 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															-607.51	-649.48	-604.23	-638.49	-618.74

CPN Retail Growth Leasehold 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-2,511 Mil.

CPN Retail Growth Leasehold REIT (BKK:CPNREIT) 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.

CPN Retail Growth Leasehold REIT's Interest Expense for the three months ended in Mar. 2024 was ฿-619 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿1,233 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿40,099 Mil.

CPN Retail Growth Leasehold REIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1232.818	/	-618.736
	=	1.99

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. CPN Retail Growth Leasehold REIT interest coverage is 1.86, which is low.

CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CPN Retail Growth Leasehold REIT (BKK:CPNREIT) » Definitions » Interest Expense

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Address

No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.cpnreit.com

CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand.

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