Argosy Property (NZSE:ARG) Interest Expense : NZ$-42.0 Mil (TTM As of Mar. 2024)

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What is Argosy Property Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Argosy Property's interest expense for the six months ended in Mar. 2024 was NZ$ -21.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-42.0 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. Argosy Property's Operating Income for the six months ended in Mar. 2024 was NZ$ 42.6 Mil. Argosy Property's Interest Expense for the six months ended in Mar. 2024 was NZ$ -21.6 Mil. Argosy Property's Interest Coverage for the quarter that ended in Mar. 2024 was 1.97. 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.

Argosy Property Interest Expense Historical Data

The historical data trend for Argosy Property'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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Argosy Property Interest Expense Chart

Argosy Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-20.80

-26.47

-23.63

-34.41

-41.96

Argosy Property 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															-11.57	-15.32	-19.09	-20.35	-21.61

Argosy Property 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$-42.0 Mil.

Argosy Property (NZSE:ARG) 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.

Argosy Property's Interest Expense for the six months ended in Mar. 2024 was NZ$-21.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$42.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$777.9 Mil.

Argosy Property'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	*	42.598	/	-21.613
	=	1.97

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. Argosy Property Ltd interest coverage is 2.28, which is low.

Argosy Property (NZSE:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Interest Expense

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IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

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