Apple Hospitality REIT (FRA:48T) Interest Expense : €-65 Mil (TTM As of Mar. 2024)

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What is Apple Hospitality REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apple Hospitality REIT's interest expense for the three months ended in Mar. 2024 was € -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-65 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. Apple Hospitality REIT's Operating Income for the three months ended in Mar. 2024 was € 50 Mil. Apple Hospitality REIT's Interest Expense for the three months ended in Mar. 2024 was € -16 Mil. Apple Hospitality REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 3.11. 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.

Apple Hospitality REIT Interest Expense Historical Data

The historical data trend for Apple Hospitality 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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Apple Hospitality REIT Interest Expense Chart

Apple Hospitality REIT Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-55.07

-58.23

-59.96

-56.39

-63.14

Apple Hospitality REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-14.95	-16.15	-16.37	-16.40	-15.92

Apple Hospitality 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-65 Mil.

Apple Hospitality REIT (FRA:48T) 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.

Apple Hospitality REIT's Interest Expense for the three months ended in Mar. 2024 was €-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was €50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,363 Mil.

Apple Hospitality REIT'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	*	49.541	/	-15.924
	=	3.11

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

Apple Hospitality REIT (FRA:48T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apple Hospitality REIT Inc (FRA:48T) » Definitions » Interest Expense

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APLE:USA 48T:Germany

Address

814 East Main Street, Richmond, VA, USA, 23219

Website

https://www.applehospitalityreit.com

Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

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