Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Interest Expense : $-73.3 Mil (TTM As of Dec. 2023)

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What is Boardwalk Real Estate Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boardwalk Real Estate Investment Trust's interest expense for the three months ended in Dec. 2023 was $ -19.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-73.3 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. Boardwalk Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was $ 55.5 Mil. Boardwalk Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2023 was $ -19.2 Mil. Boardwalk Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 2.89. 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.

Boardwalk Real Estate Investment Trust Interest Expense Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust'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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Boardwalk Real Estate Investment Trust Interest Expense Chart

Boardwalk Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-59.95

-63.79

-61.48

-62.61

-73.65

Boardwalk Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-16.75	-17.24	-18.37	-18.49	-19.23

Boardwalk Real Estate Investment Trust 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 $-73.3 Mil.

Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) 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.

Boardwalk Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2023 was $-19.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $55.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,155.5 Mil.

Boardwalk Real Estate Investment Trust'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	*	55.482	/	-19.229
	=	2.89

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

Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) » Definitions » Interest Expense

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BEI.UN:Canada

Address

1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1

Website

https://www.bwalk.com

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.