Malta Properties Company (MAL:MPC) Interest Expense : €-1.30 Mil (TTM As of Dec. 2023)

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What is Malta Properties Company Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Malta Properties Company's interest expense for the six months ended in Dec. 2023 was € -0.63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.30 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. Malta Properties Company's Operating Income for the six months ended in Dec. 2023 was € 1.61 Mil. Malta Properties Company's Interest Expense for the six months ended in Dec. 2023 was € -0.63 Mil. Malta Properties Company's Interest Coverage for the quarter that ended in Dec. 2023 was 2.57. 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.

Malta Properties Company Interest Expense Historical Data

The historical data trend for Malta Properties Company'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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Malta Properties Company Interest Expense Chart

Malta Properties Company Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.48

-0.51

-0.61

-1.04

-1.30

Malta Properties Company Semi-Annual Data
	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													-0.30	-0.34	-0.70	-0.67	-0.63

Malta Properties Company 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 €-1.30 Mil.

Malta Properties Company (MAL:MPC) 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.

Malta Properties Company's Interest Expense for the six months ended in Dec. 2023 was €-0.63 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €30.18 Mil.

Malta Properties Company'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	*	1.608	/	-0.626
	=	2.57

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. Malta Properties Company PLC interest coverage is 2.64, which is low.

Malta Properties Company (MAL:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Malta Properties Company PLC (MAL:MPC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Triq Emvin Cremona Street, The Bastions, Floriana, MLT, FRN1281

Website

https://www.maltaproperties.com.mt

Malta Properties Company PLC is a developer and administrator of commercial properties. The company through its subsidiary owns, manages, acquires, develops, redevelops and leases to third parties commercial immovable properties. It has developed projects in Zetun, Marsa and Birkirkara. It derives revenue in the form of rental income from an investment property.