Sumitomo Realty & Development Co (FRA:RL2) Interest Expense : €-114 Mil (TTM As of Dec. 2023)

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What is Sumitomo Realty & Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Realty & Development Co's interest expense for the three months ended in Dec. 2023 was € -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-114 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. Sumitomo Realty & Development Co's Operating Income for the three months ended in Dec. 2023 was € 345 Mil. Sumitomo Realty & Development Co's Interest Expense for the three months ended in Dec. 2023 was € -28 Mil. Sumitomo Realty & Development Co's Interest Coverage for the quarter that ended in Dec. 2023 was 12.30. 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.

Sumitomo Realty & Development Co Interest Expense Historical Data

The historical data trend for Sumitomo Realty & Development Co'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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Sumitomo Realty & Development Co Interest Expense Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-161.27

-141.55

-138.09

-122.82

-110.29

Sumitomo Realty & Development Co 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															-30.41	-29.55	-29.01	-28.08	-27.32

Sumitomo Realty & Development Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-114 Mil.

Sumitomo Realty & Development Co (FRA:RL2) 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.

Sumitomo Realty & Development Co's Interest Expense for the three months ended in Dec. 2023 was €-28 Mil. Its Operating Income for the three months ended in Dec. 2023 was €345 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €21,263 Mil.

Sumitomo Realty & Development Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	345.339	/	-28.08
	=	12.30

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

Sumitomo Realty & Development Co (FRA:RL2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumitomo Realty & Development Co Ltd (FRA:RL2) » Definitions » Interest Expense

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SURDF:USA 8830:Japan

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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