GPTGF (GPT Group) Interest Expense : $-144.8 Mil (TTM As of Jun. 2024)

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What is GPT Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GPT Group's interest expense for the six months ended in Jun. 2024 was $ -68.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-144.8 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. GPT Group's Operating Income for the six months ended in Jun. 2024 was $ 197.4 Mil. GPT Group's Interest Expense for the six months ended in Jun. 2024 was $ -68.1 Mil. GPT Group's Interest Coverage for the quarter that ended in Jun. 2024 was 2.90. 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.

GPT Group Interest Expense Historical Data

The historical data trend for GPT Group'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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GPT Group Interest Expense Chart

GPT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-76.24

-79.59

-62.23

-95.82

-137.42

GPT Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-38.51	-58.84	-60.94	-76.64	-68.13

GPT Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-144.8 Mil.

GPT Group (OTCPK:GPTGF) 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.

GPT Group's Interest Expense for the six months ended in Jun. 2024 was $-68.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was $197.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $2,664.8 Mil.

GPT Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	197.41	/	-68.127
	=	2.90

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

GPT Group Business Description

Industry

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46T:Germany GPT:Australia

Address

25 Martin Place, Level 51, Sydney, NSW, AUS, 2000

Website

https://www.gpt.com.au

GPT Group, formerly known as General Property Trust, is Australia's first property trust. GPT has ownership interest in, manages, and develops a diversified portfolio of retail, office and logistics assets that are predominantly located in Sydney and Melbourne. Retail and office, including contributions from their respective funds management, each account for about two fifths of group funds from operations. The rest of the earnings come from logistics. GPT manages third-party assets and mandates of over AUD 22 billion as of June 30, 2024.