Hersha Hospitality Trust (Hersha Hospitality Trust) Interest Expense : $-43.82 Mil (TTM As of Sep. 2023)

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What is Hersha Hospitality Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hersha Hospitality Trust's interest expense for the three months ended in Sep. 2023 was $ -11.78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-43.82 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. Hersha Hospitality Trust's Operating Income for the three months ended in Sep. 2023 was $ 8.37 Mil. Hersha Hospitality Trust's Interest Expense for the three months ended in Sep. 2023 was $ -11.78 Mil. Hersha Hospitality Trust's Interest Coverage for the quarter that ended in Sep. 2023 was 0.71. 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.

Hersha Hospitality Trust Interest Expense Historical Data

The historical data trend for Hersha Hospitality Trust'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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Hersha Hospitality Trust Interest Expense Chart

Hersha Hospitality Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-46.21

-53.05

-49.73

-51.43

-44.84

Hersha Hospitality Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-11.18	-8.92	-11.43	-11.70	-11.78

Hersha Hospitality Trust 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43.82 Mil.

Hersha Hospitality Trust (NYSE:HTpD.PFD) 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.

Hersha Hospitality Trust's Interest Expense for the three months ended in Sep. 2023 was $-11.78 Mil. Its Operating Income for the three months ended in Sep. 2023 was $8.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $601.69 Mil.

Hersha Hospitality Trust's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	8.366	/	-11.779
	=	0.71

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

Hersha Hospitality Trust (Hersha Hospitality Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hersha Hospitality Trust (NYSE:HTpD.PFD) » Definitions » Interest Expense

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Address

44 Hersha Drive, Harrisburg, PA, USA, 17102

Website

https://www.hersha.com

Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality upscale hotels in urban gateway markets. Its hotels are located in the central business districts and dense metropolitan centers of New York City, Boston, Washington, DC, Philadelphia, Miami, Los Angeles, and San Diego. The company's revenue streams include Hotel revenue and Other revenue.