FCXXF (First Capital REIT) Interest Expense : $-120.1 Mil (TTM As of Sep. 2024)

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What is First Capital REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Capital REIT's interest expense for the three months ended in Sep. 2024 was $ -32.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-120.1 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. First Capital REIT's Operating Income for the three months ended in Sep. 2024 was $ 63.9 Mil. First Capital REIT's Interest Expense for the three months ended in Sep. 2024 was $ -32.0 Mil. First Capital REIT's Interest Coverage for the quarter that ended in Sep. 2024 was 2.00. 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.

First Capital REIT Interest Expense Historical Data

The historical data trend for First Capital 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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First Capital REIT Interest Expense Chart

First Capital REIT Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-130.48

-123.13

-119.27

-110.45

-114.86

First Capital REIT 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															-28.97	-29.07	-28.87	-30.19	-31.98

First Capital 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-120.1 Mil.

First Capital REIT (OTCPK:FCXXF) 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.

First Capital REIT's Interest Expense for the three months ended in Sep. 2024 was $-32.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $63.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2,575.7 Mil.

First Capital REIT'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	*	63.886	/	-31.978
	=	2.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. First Capital REIT interest coverage is 2.33, which is low.

First Capital REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » First Capital REIT (OTCPK:FCXXF) » Definitions » Interest Expense

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FCR.UN:Canada

Address

85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3

Website

https://www.fcr.ca

First Capital REIT is a developer, owner and operator of grocery-anchored, open-air centres in neighbourhoods in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.