Town Centre Securities (LSE:TOWN) Interest Expense : £-6.60 Mil (TTM As of Dec. 2023)

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What is Town Centre Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Town Centre Securities's interest expense for the six months ended in Dec. 2023 was £ -3.36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-6.60 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. Town Centre Securities's Operating Income for the six months ended in Dec. 2023 was £ 4.44 Mil. Town Centre Securities's Interest Expense for the six months ended in Dec. 2023 was £ -3.36 Mil. Town Centre Securities's Interest Coverage for the quarter that ended in Dec. 2023 was 1.32. 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.

Town Centre Securities Interest Expense Historical Data

The historical data trend for Town Centre Securities'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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Town Centre Securities Interest Expense Chart

Town Centre Securities Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-7.68

-8.68

-7.93

-7.54

-6.95

Town Centre Securities Semi-Annual Data
	Jun14	Dec14	Jun15	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															-3.76	-3.78	-3.71	-3.24	-3.36

Town Centre Securities 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 £-6.60 Mil.

Town Centre Securities (LSE:TOWN) 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.

Town Centre Securities's Interest Expense for the six months ended in Dec. 2023 was £-3.36 Mil. Its Operating Income for the six months ended in Dec. 2023 was £4.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £134.68 Mil.

Town Centre Securities'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	*	4.439	/	-3.355
	=	1.32

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. Town Centre Securities PLC interest coverage is 1.24, which is low.

Town Centre Securities (LSE:TOWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Town Centre Securities PLC (LSE:TOWN) » Definitions » Interest Expense

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TOWNl:UK TOWN.GB:UK

Address

Town Centre House, The Merrion Centre, Leeds, GBR, LS2 8LY

Website

https://www.tcs-plc.co.uk

Town Centre Securities PLC is the United Kingdom-based company engaged in property investment, development and trading and the provision of a hotel and car parks. The company operates in three business segments comprising property rental, car park activities and hotel operations. Geographically their operations are performed wholly in the United Kingdom. It serves in various sectors such as retail, leisure, office, car parking, distribution and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives of the revenue from the Property Rental segment.