Big Yellow Group (Big Yellow Group) Interest Expense : $-26.7 Mil (TTM As of Sep. 2023)

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What is Big Yellow Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Big Yellow Group's interest expense for the six months ended in Sep. 2023 was $ -15.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-26.7 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. Big Yellow Group's Operating Income for the six months ended in Sep. 2023 was $ 81.3 Mil. Big Yellow Group's Interest Expense for the six months ended in Sep. 2023 was $ -15.0 Mil. Big Yellow Group's Interest Coverage for the quarter that ended in Sep. 2023 was 5.40. 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.

Big Yellow Group Interest Expense Historical Data

The historical data trend for Big Yellow 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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Big Yellow Group Interest Expense Chart

Big Yellow Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-13.28

-12.18

-11.12

-13.97

-19.61

Big Yellow Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-6.39	-7.84	-7.45	-11.63	-15.05

Big Yellow 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-26.7 Mil.

Big Yellow Group (OTCPK:BYLOF) 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.

Big Yellow Group's Interest Expense for the six months ended in Sep. 2023 was $-15.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was $81.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $636.6 Mil.

Big Yellow Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	81.26	/	-15.046
	=	5.40

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

Big Yellow Group (Big Yellow Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Big Yellow Group PLC (OTCPK:BYLOF) » Definitions » Interest Expense

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Traded in Other Exchanges

BYGl:UK BYG:UK B9Y:Germany

Address

Bridge Road, 2 The Deans, Bagshot, London, Surrey, GBR, GU19 5AT

Website

https://www.bigyellow.co.uk

Big Yellow Group PLC is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United Kingdom. The company controls a real estate portfolio of storage properties operated mainly under the Big Yellow brand, with a smaller proportion also run under the lower-frills Armadillo Self Storage brand. Big Yellow's facilities are located across London and the Southeast region of the U.K. The company derives the vast majority of its revenue in the form of self-storage income from its locations in London and the South East. A substantial percentage also comes from sales of packing materials and insurance. Big Yellow's customers include individuals, retailers, professional service companies, hospitality firms, and wholesale merchants.