Heriot REIT (JSE:HET) Interest Expense : R-308.2 Mil (TTM As of Dec. 2023)

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What is Heriot REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heriot REIT's interest expense for the six months ended in Dec. 2023 was R -193.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-308.2 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. Heriot REIT's Operating Income for the six months ended in Dec. 2023 was R 350.4 Mil. Heriot REIT's Interest Expense for the six months ended in Dec. 2023 was R -193.1 Mil. Heriot REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 1.81. 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.

Heriot REIT Interest Expense Historical Data

The historical data trend for Heriot 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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Heriot REIT Interest Expense Chart

Heriot REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-137.33

-146.28

-114.42

-132.11

-199.60

Heriot REIT Semi-Annual Data
	Nov17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-66.85	-65.26	-84.46	-115.15	-193.10

Heriot 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-308.2 Mil.

Heriot REIT (JSE:HET) 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.

Heriot REIT's Interest Expense for the six months ended in Dec. 2023 was R-193.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was R350.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R3,961.0 Mil.

Heriot REIT'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	*	350.388	/	-193.104
	=	1.81

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. Heriot REIT Ltd interest coverage is 1.8, which is low.

Heriot REIT (JSE:HET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heriot REIT Ltd (JSE:HET) » Definitions » Interest Expense

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Address

3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196

Website

http://www.heriotreit.com

Heriot REIT Ltd is a South African real estate investment trust. The company owns a portfolio of retail, industrial, office, specialized, residential properties, and others. While the majority of the revenue is earned from Industrial properties. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams.

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