Lamda Development (LTS:0NCY) Interest Expense : €-77.5 Mil (TTM As of Mar. 2024)

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What is Lamda Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lamda Development's interest expense for the three months ended in Mar. 2024 was € -35.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-77.5 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. Lamda Development's Operating Income for the three months ended in Mar. 2024 was € 31.8 Mil. Lamda Development's Interest Expense for the three months ended in Mar. 2024 was € -35.8 Mil. Lamda Development's Interest Coverage for the quarter that ended in Mar. 2024 was 0.89. 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.

Lamda Development Interest Expense Historical Data

The historical data trend for Lamda Development'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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Lamda Development Interest Expense Chart

Lamda Development Annual Data

Trend

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Interest Expense

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-27.26

-32.64

-58.87

-46.23

-72.18

Lamda Development 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															-30.49	-33.00	-31.98	23.29	-35.82

Lamda Development 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 €-77.5 Mil.

Lamda Development (LTS:0NCY) 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.

Lamda Development's Interest Expense for the three months ended in Mar. 2024 was €-35.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €31.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €773.3 Mil.

Lamda Development'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	*	31.827	/	-35.82
	=	0.89

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. Lamda Development SA interest coverage is 1.89, which is low.

Lamda Development (LTS:0NCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lamda Development SA (LTS:0NCY) » Definitions » Interest Expense

Traded in Other Exchanges

LAMDA:Greece LDQ:Germany

Address

37A Kifissias Avenue (Inside Golden Hall), Maroussi, GRC, 15123

Website

https://www.lamdadev.com

Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.

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