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HIAG Immobilien Holding AG (LTS:0QU6) Interest Expense : CHF-13.4 Mil (TTM As of Jun. 2024)


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What is HIAG Immobilien Holding AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HIAG Immobilien Holding AG's interest expense for the six months ended in Jun. 2024 was CHF -6.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was CHF-13.4 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. HIAG Immobilien Holding AG's Operating Income for the six months ended in Jun. 2024 was CHF 34.4 Mil. HIAG Immobilien Holding AG's Interest Expense for the six months ended in Jun. 2024 was CHF -6.8 Mil. HIAG Immobilien Holding AG's Interest Coverage for the quarter that ended in Jun. 2024 was 5.04. 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.

HIAG Immobilien Holding AG Interest Expense Historical Data

The historical data trend for HIAG Immobilien Holding AG'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.

HIAG Immobilien Holding AG Interest Expense Chart

HIAG Immobilien Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.50 -7.81 -7.39 -8.12 -12.81

HIAG Immobilien Holding AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.57 -4.55 -6.19 -6.62 -6.83

HIAG Immobilien Holding AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF-13.4 Mil.

* 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.

HIAG Immobilien Holding AG  (LTS:0QU6) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HIAG Immobilien Holding AG's Interest Expense for the six months ended in Jun. 2024 was CHF-6.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was CHF34.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was CHF740.0 Mil.

HIAG Immobilien Holding AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*34.39/-6.826
=5.04

* 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.

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

HIAG Immobilien Holding AG Business Description

Industry
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Traded in Other Exchanges
HIAGz:UK HIAG:Switzerland
Address
Aeschenplatz 7, Basel, CHE, 4052
Website
https://www.hiag.com/en
HIAG Immobilien Holding AG is a property redevelopment company. The company's portfolio covers 40 sites with a total land area of 2.5 million square meters. Its core business focuses on the management of master plans and building permit procedures, site marketing, the steering of redevelopment processes, and portfolio management, including property administration. About 91% of its real estate portfolio is situated in the economic catchment areas of Zurich/Zug, Baden/Brugg, Basel, and Geneva. The company's business activities are divided into three segments Yielding Portfolio, Development Portfolio, and the Transaction segment.

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