Texton Property Fund (JSE:TEX) Interest Expense : R-92.8 Mil (TTM As of Dec. 2024)

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What is Texton Property Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Texton Property Fund's interest expense for the six months ended in Dec. 2024 was R -45.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was R-92.8 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. Texton Property Fund's Operating Income for the six months ended in Dec. 2024 was R 60.4 Mil. Texton Property Fund's Interest Expense for the six months ended in Dec. 2024 was R -45.1 Mil. Texton Property Fund's Interest Coverage for the quarter that ended in Dec. 2024 was 1.34. 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.

Texton Property Fund Interest Expense Historical Data

The historical data trend for Texton Property Fund'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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Texton Property Fund Interest Expense Chart

Texton Property Fund Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-124.80

-81.83

-76.90

-91.20

-104.64

Texton Property Fund Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-49.38	-41.81	-56.91	-47.73	-45.11

Texton Property Fund 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-92.8 Mil.

Texton Property Fund (JSE:TEX) 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.

Texton Property Fund's Interest Expense for the six months ended in Dec. 2024 was R-45.1 Mil. Its Operating Income for the six months ended in Dec. 2024 was R60.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was R693.8 Mil.

Texton Property Fund's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	60.368	/	-45.106
	=	1.34

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

Texton Property Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Texton Property Fund Ltd (JSE:TEX) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

151 Katherine Street, Block D, Vunani Office Park, Sandton, Johannesburg, GT, ZAF, 2031

Website

https://www.texton.co.za

Texton Property Fund Ltd is a property investment fund. It invests directly in income-producing office properties that offer attractive income and capital appreciation. The overall objective of the fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties to optimize returns over time for shareholders. It holds an interest in properties such as Alrode industrial park, Babcock House, Bawtry 270, Belvedere place, Bonmarche and Poundland, Bryanston gate office park, and many others. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and International investments. Direct property investments are split into office, retail and industrial.