NewRiver REIT (LSE:NRR) Interest Expense : £-15.30 Mil (TTM As of Sep. 2023)

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What is NewRiver REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NewRiver REIT's interest expense for the six months ended in Sep. 2023 was £ -7.60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-15.30 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. NewRiver REIT's Operating Income for the six months ended in Sep. 2023 was £ 15.50 Mil. NewRiver REIT's Interest Expense for the six months ended in Sep. 2023 was £ -7.60 Mil. NewRiver REIT's Interest Coverage for the quarter that ended in Sep. 2023 was 2.04. 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.

NewRiver REIT Interest Expense Historical Data

The historical data trend for NewRiver 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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NewRiver REIT Interest Expense Chart

NewRiver REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-18.70

-21.50

-23.20

-19.80

-15.40

NewRiver REIT Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-11.20	-8.60	-7.70	-7.70	-7.60

NewRiver 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-15.30 Mil.

NewRiver REIT (LSE:NRR) 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.

NewRiver REIT's Interest Expense for the six months ended in Sep. 2023 was £-7.60 Mil. Its Operating Income for the six months ended in Sep. 2023 was £15.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £373.30 Mil.

NewRiver REIT'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	*	15.5	/	-7.6
	=	2.04

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

NewRiver REIT (LSE:NRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NewRiver REIT PLC (LSE:NRR) » Definitions » Interest Expense

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NRWRF:USA NRRl:UK

Address

89 Whitfield Street, London, GBR, W1T 4DE

Website

https://www.nrr.co.uk

NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute the most of the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates most of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues.

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