Property For Industry (NZSE:PFI) Interest Expense : NZ$-31.0 Mil (TTM As of Dec. 2024)

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What is Property For Industry Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Property For Industry's interest expense for the six months ended in Dec. 2024 was NZ$ -16.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was NZ$-31.0 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. Property For Industry's Operating Income for the six months ended in Dec. 2024 was NZ$ 43.7 Mil. Property For Industry's Interest Expense for the six months ended in Dec. 2024 was NZ$ -16.4 Mil. Property For Industry's Interest Coverage for the quarter that ended in Dec. 2024 was 2.67. 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.

Property For Industry Interest Expense Historical Data

The historical data trend for Property For Industry'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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Property For Industry Interest Expense Chart

Property For Industry Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-18.77

-19.01

-18.23

-20.11

-24.64

Property For Industry Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-13.50	-14.43	-14.73	-14.61	-16.36

Property For Industry 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-31.0 Mil.

Property For Industry (NZSE:PFI) 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.

Property For Industry's Interest Expense for the six months ended in Dec. 2024 was NZ$-16.4 Mil. Its Operating Income for the six months ended in Dec. 2024 was NZ$43.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was NZ$597.9 Mil.

Property For Industry's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	43.65	/	-16.357
	=	2.67

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. Property For Industry Ltd interest coverage is 2.74, which is low.

Property For Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Property For Industry Ltd (NZSE:PFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010

Website

https://www.propertyforindustry.co.nz

Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. The company's investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft among others. Rental and management fee income represents nearly all of its operating revenue.