CYRBY (Cyrela Brazil Realty Empreend e Part) Interest Expense : $-86 Mil (TTM As of Sep. 2024)

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What is Cyrela Brazil Realty Empreend e Part Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cyrela Brazil Realty Empreend e Part's interest expense for the three months ended in Sep. 2024 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-86 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. Cyrela Brazil Realty Empreend e Part's Operating Income for the three months ended in Sep. 2024 was $ 62 Mil. Cyrela Brazil Realty Empreend e Part's Interest Expense for the three months ended in Sep. 2024 was $ -21 Mil. Cyrela Brazil Realty Empreend e Part's Interest Coverage for the quarter that ended in Sep. 2024 was 2.88. 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.

Cyrela Brazil Realty Empreend e Part Interest Expense Historical Data

The historical data trend for Cyrela Brazil Realty Empreend e Part'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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Cyrela Brazil Realty Empreend e Part Interest Expense Chart

Cyrela Brazil Realty Empreend e Part Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-30.22

-15.57

-26.26

-78.54

-92.92

Cyrela Brazil Realty Empreend e Part Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-21.89	-20.75	-25.59	-17.98	-21.40

Cyrela Brazil Realty Empreend e Part 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-86 Mil.

Cyrela Brazil Realty Empreend e Part (OTCPK:CYRBY) 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.

Cyrela Brazil Realty Empreend e Part's Interest Expense for the three months ended in Sep. 2024 was $-21 Mil. Its Operating Income for the three months ended in Sep. 2024 was $62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $830 Mil.

Cyrela Brazil Realty Empreend e Part's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	61.572	/	-21.403
	=	2.88

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

Cyrela Brazil Realty Empreend e Part Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cyrela Brazil Realty SA Empreend e Part (OTCPK:CYRBY) » Definitions » Interest Expense

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CYRE3:Brazil

Address

Rua do Rocio, 109, 2nd Floor, Room 01, Sao Paulo, SP, BRA, 04552-000

Website

https://www.cyrela.com.br

Cyrela Brazil Realty SA Empreend e Part is a Brazilian construction company engaged in the development and construction of residential properties, individually or together with other entities. The company has four operating segments; the Cyrela segment includes real estate projects classified by the Launch Committee as high-end and luxury, both of the Parent and joint ventures, the Living segment includes real estate projects classified by the Launch Committee as Living, both of the Parent and joint ventures, MCMV segment includes real estate projects defined by the Launch Committee as Minha Casa, Minha Vida, both of the Parent and joint ventures and Other segment include land subdivision and service rendering activities.