Asset Plus (NZSE:APL) Interest Expense : NZ$-2.82 Mil (TTM As of Mar. 2024)

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What is Asset Plus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asset Plus's interest expense for the six months ended in Mar. 2024 was NZ$ -1.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-2.82 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. Asset Plus's Operating Income for the six months ended in Mar. 2024 was NZ$ 1.10 Mil. Asset Plus's Interest Expense for the six months ended in Mar. 2024 was NZ$ -1.61 Mil. Asset Plus's Interest Coverage for the quarter that ended in Mar. 2024 was 0.69. 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.

Asset Plus Interest Expense Historical Data

The historical data trend for Asset Plus'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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Asset Plus Interest Expense Chart

Asset Plus Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.67

-1.14

-1.56

-2.24

-2.82

Asset Plus Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.96	-1.39	-0.85	-1.21	-1.61

Asset Plus 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 semi-annually data reported by the company within the most recent 12 months, which was NZ$-2.82 Mil.

Asset Plus (NZSE:APL) 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.

Asset Plus's Interest Expense for the six months ended in Mar. 2024 was NZ$-1.61 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$1.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$0.00 Mil.

Asset Plus'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	*	1.104	/	-1.611
	=	0.69

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

Asset Plus (NZSE:APL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Asset Plus Ltd (NZSE:APL) » Definitions » Interest Expense

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Address

30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010

Website

https://www.assetplusnz.co.nz

Asset Plus Ltd is a commercial property investment company. Its investment portfolio includes investments in retail, industrial, and commercial buildings throughout New Zealand. Its objective of property investment is to deliver consistent dividends and growth in capital value for its shareholders.

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