GWWTF (Growthpoint Properties) Interest Expense : $-286.5 Mil (TTM As of Jun. 2024)

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What is Growthpoint Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Growthpoint Properties's interest expense for the six months ended in Jun. 2024 was $ -147.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-286.5 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. Growthpoint Properties's Operating Income for the six months ended in Jun. 2024 was $ 225.8 Mil. Growthpoint Properties's Interest Expense for the six months ended in Jun. 2024 was $ -147.4 Mil. Growthpoint Properties's Interest Coverage for the quarter that ended in Jun. 2024 was 1.53. 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.

Growthpoint Properties Interest Expense Historical Data

The historical data trend for Growthpoint Properties'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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Growthpoint Properties Interest Expense Chart

Growthpoint Properties Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-208.30

-239.13

-201.72

-232.38

-288.02

Growthpoint Properties 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															-102.25	-116.55	-124.94	-139.06	-147.43

Growthpoint Properties 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 $-286.5 Mil.

Growthpoint Properties (OTCPK:GWWTF) 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.

Growthpoint Properties's Interest Expense for the six months ended in Jun. 2024 was $-147.4 Mil. Its Operating Income for the six months ended in Jun. 2024 was $225.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $3,576.7 Mil.

Growthpoint Properties'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	*	225.838	/	-147.43
	=	1.53

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. Growthpoint Properties Ltd interest coverage is 1.63, which is low.

Growthpoint Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Growthpoint Properties Ltd (OTCPK:GWWTF) » Definitions » Interest Expense

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GRT:South Africa

Address

The Place, 1 Sandton Drive, PO Box 78949, Sandton, GT, ZAF, 2196

Website

https://www.growthpoint.co.za

Growthpoint Properties Ltd is a property investment holding company engaged in the ownership of a variety of properties in South Africa and Australia. The company generates majority of its revenue from the Retail and office segments. These buildings, which are mainly office parks and low rises, are also Growthpoint's maximum valuable real estate assets. The operating segments of the company include Retail, Office, Industrial, Trading and Development, V&A Waterfront, Healthcare (GHPH), Student Accommodation (GSAH), Lango, GWI, GOZ and C&R.