Prime Office A/S (LTS:0JBG) Interest Expense : kr-64.7 Mil (TTM As of Mar. 2024)

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What is Prime Office A/S Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prime Office A/S's interest expense for the three months ended in Mar. 2024 was kr -11.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-64.7 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. Prime Office A/S's Operating Income for the three months ended in Mar. 2024 was kr 27.0 Mil. Prime Office A/S's Interest Expense for the three months ended in Mar. 2024 was kr -11.4 Mil. Prime Office A/S's Interest Coverage for the quarter that ended in Mar. 2024 was 2.37. 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.

Prime Office A/S Interest Expense Historical Data

The historical data trend for Prime Office A/S'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.

* Premium members only.

Prime Office A/S Interest Expense Chart

Prime Office A/S Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-28.65

-30.14

-28.74

-23.30

-61.46

Prime Office A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.18	-9.45	-11.69	-32.14	-11.42

Prime Office A/S 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-64.7 Mil.

Prime Office A/S (LTS:0JBG) 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.

Prime Office A/S's Interest Expense for the three months ended in Mar. 2024 was kr-11.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr27.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,856.1 Mil.

Prime Office A/S's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	27.039	/	-11.423
	=	2.37

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. Prime Office A/S interest coverage is 1.8, which is low.

Prime Office A/S (LTS:0JBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prime Office A/S (LTS:0JBG) » Definitions » Interest Expense

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PRIMOF:Denmark

Address

Sonder Alle 6, 2. sal, Arhus, DNK, DK-8000

Website

http://www.primeoffice.dk

Prime Office A/S is a Denmark based real estate company. Its portfolio consists of office properties, residential and commercial properties and invests in property company which owns apartments in Northern Germany.

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