Spear REIT (JSE:SEA) Interest Expense : R-161.5 Mil (TTM As of Feb. 2024)

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What is Spear REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spear REIT's interest expense for the six months ended in Feb. 2024 was R -87.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-161.5 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. Spear REIT's Operating Income for the six months ended in Feb. 2024 was R 176.7 Mil. Spear REIT's Interest Expense for the six months ended in Feb. 2024 was R -87.8 Mil. Spear REIT's Interest Coverage for the quarter that ended in Feb. 2024 was 2.01. 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.

Spear REIT Interest Expense Historical Data

The historical data trend for Spear 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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Spear REIT Interest Expense Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-134.14

-153.84

-152.06

-138.62

-161.47

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial										-76.69	-68.13	-70.49	-73.69	-87.78

Spear 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-161.5 Mil.

Spear REIT (JSE:SEA) 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.

Spear REIT's Interest Expense for the six months ended in Feb. 2024 was R-87.8 Mil. Its Operating Income for the six months ended in Feb. 2024 was R176.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R1,247.6 Mil.

Spear REIT's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	176.667	/	-87.775
	=	2.01

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

Spear REIT (JSE:SEA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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