Empiric Student Property (LSE:ESP) Interest Expense : £-16.20 Mil (TTM As of Dec. 2023)

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What is Empiric Student Property Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empiric Student Property's interest expense for the six months ended in Dec. 2023 was £ -7.70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-16.20 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. Empiric Student Property's Operating Income for the six months ended in Dec. 2023 was £ 18.30 Mil. Empiric Student Property's Interest Expense for the six months ended in Dec. 2023 was £ -7.70 Mil. Empiric Student Property's Interest Coverage for the quarter that ended in Dec. 2023 was 2.38. 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.

Empiric Student Property Interest Expense Historical Data

The historical data trend for Empiric Student Property'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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Empiric Student Property Interest Expense Chart

Empiric Student Property Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.95

-11.84

-11.60

-14.00

-16.20

Empiric Student Property Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial												-5.78	-6.50	-7.50	-8.50	-7.70

Empiric Student Property 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 £-16.20 Mil.

Empiric Student Property (LSE:ESP) 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.

Empiric Student Property's Interest Expense for the six months ended in Dec. 2023 was £-7.70 Mil. Its Operating Income for the six months ended in Dec. 2023 was £18.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £301.20 Mil.

Empiric Student Property'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	*	18.3	/	-7.7
	=	2.38

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

Empiric Student Property (LSE:ESP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empiric Student Property PLC (LSE:ESP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF

Website

https://www.ambipar.com

Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Canal Bridge, Brook Studios, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.