Park Street A/S (OCSE:PARKST A) Interest Expense : kr-52.4 Mil (TTM As of Dec. 2023)

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What is Park Street A/S Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Park Street A/S's interest expense for the six months ended in Dec. 2023 was kr -29.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-52.4 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. Park Street A/S's Operating Income for the six months ended in Dec. 2023 was kr 49.5 Mil. Park Street A/S's Interest Expense for the six months ended in Dec. 2023 was kr -29.9 Mil. Park Street A/S's Interest Coverage for the quarter that ended in Dec. 2023 was 1.66. 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.

Park Street A/S Interest Expense Historical Data

The historical data trend for Park Street A/S'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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Park Street A/S Interest Expense Chart

Park Street A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-29.11

-25.76

-25.88

-29.93

-52.42

Park Street A/S Semi-Annual Data
	Jun14	Dec14	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															-15.73	-14.86	-15.07	-22.50	-29.92

Park Street A/S 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 kr-52.4 Mil.

Park Street A/S (OCSE:PARKST A) 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.

Park Street A/S's Interest Expense for the six months ended in Dec. 2023 was kr-29.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr49.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr1,332.7 Mil.

Park Street A/S'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	*	49.542	/	-29.92
	=	1.66

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. Park Street A/S interest coverage is 1.79, which is low.

Park Street A/S (OCSE:PARKST A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Park Street A/S (OCSE:PARKST A) » Definitions » Interest Expense

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Address

Svanevej 12, Kobenhavn, DNK, DK-2400

Website

https://www.psnas.com

Park Street A/S is a real estate investment and asset management company. The Company manages the real estate portfolio mainly in the office, retail, and residential segment. Revenue includes rental income, interest on mortgage and debt instruments measured at fair value, sale amount from sold project holding, sales of goods, and sales of other services. The Group's investment properties are geographically concentrated in Greater Copenhagen and Zealand.

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