Vastned Belgium (CHIX:VASTBB) Interest Expense : €-1.61 Mil (TTM As of Mar. 2024)

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What is Vastned Belgium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vastned Belgium's interest expense for the three months ended in Mar. 2024 was € -0.71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1.61 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. Vastned Belgium's Operating Income for the three months ended in Mar. 2024 was € 3.83 Mil. Vastned Belgium's Interest Expense for the three months ended in Mar. 2024 was € -0.71 Mil. Vastned Belgium's Interest Coverage for the quarter that ended in Mar. 2024 was 5.42. 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.

Vastned Belgium Interest Expense Historical Data

The historical data trend for Vastned Belgium'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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Vastned Belgium Interest Expense Chart

Vastned Belgium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.75

-1.77

-1.70

-1.60

-1.65

Vastned Belgium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.48	-0.37	-0.41	-0.49	-0.71

Vastned Belgium 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 €-1.61 Mil.

Vastned Belgium (CHIX:VASTBb) 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.

Vastned Belgium's Interest Expense for the three months ended in Mar. 2024 was €-0.71 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €74.81 Mil.

Vastned Belgium'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	*	3.832	/	-0.707
	=	5.42

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

Vastned Belgium (CHIX:VASTBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vastned Belgium (CHIX:VASTBb) » Definitions » Interest Expense

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VASTB:Belgium

Address

Generaal Lemanstraat 74, Berchem, BEL, 2600

Website

https://www.vastned.be

Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.

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