INET Freehold and Leasehold REIT (BKK:INETREIT) Interest Expense : ฿-68.3 Mil (TTM As of Mar. 2024)

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What is INET Freehold and Leasehold REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. INET Freehold and Leasehold REIT's interest expense for the three months ended in Mar. 2024 was ฿ -28.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-68.3 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. INET Freehold and Leasehold REIT's Operating Income for the three months ended in Mar. 2024 was ฿ 75.7 Mil. INET Freehold and Leasehold REIT's Interest Expense for the three months ended in Mar. 2024 was ฿ -28.3 Mil. INET Freehold and Leasehold REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 2.67. 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.

INET Freehold and Leasehold REIT Interest Expense Historical Data

The historical data trend for INET Freehold and 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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INET Freehold and Leasehold REIT Interest Expense Chart

INET Freehold and Leasehold REIT Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-16.44

-40.55

-52.24

INET Freehold and Leasehold REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-12.25	-12.99	-13.29	-13.71	-28.29

INET Freehold and 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 ฿-68.3 Mil.

INET Freehold and Leasehold REIT (BKK:INETREIT) 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.

INET Freehold and Leasehold REIT's Interest Expense for the three months ended in Mar. 2024 was ฿-28.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿75.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿1,918.5 Mil.

INET Freehold and 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	*	75.665	/	-28.288
	=	2.67

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

INET Freehold and Leasehold REIT (BKK:INETREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » INET Freehold and Leasehold REIT (BKK:INETREIT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Petchaburi Road, 1768 Thai Summit Tower, 24th Floor, Khwaeng Bang Kapi, Khet Huay Khwang, Bangkok, THA, 10310

Website

https://www.inetreit.com

INET Leasehold REIT invests in ownership of data center buildings, substation control towers, and buildings and equipment related to project operations. The Trust only operates in one business segment which is the investment in data center real estate in Thailand.

INET Freehold and Leasehold REIT (BKK:INETREIT) Headlines

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