Swiss Properties Invest AS (OCSE:SWISS) Interest Expense : kr-11.92 Mil (TTM As of Jun. 2024)

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What is Swiss Properties Invest AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swiss Properties Invest AS's interest expense for the six months ended in Jun. 2024 was kr -5.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was kr-11.92 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. Swiss Properties Invest AS's Operating Income for the six months ended in Jun. 2024 was kr 11.44 Mil. Swiss Properties Invest AS's Interest Expense for the six months ended in Jun. 2024 was kr -5.27 Mil. Swiss Properties Invest AS's Interest Coverage for the quarter that ended in Jun. 2024 was 2.17. 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.

Swiss Properties Invest AS Interest Expense Historical Data

The historical data trend for Swiss Properties Invest AS'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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Swiss Properties Invest AS Interest Expense Chart

Swiss Properties Invest AS Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.01

-5.13

-9.80

Swiss Properties Invest AS Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-0.25	-4.87	-3.14	-6.66	-5.27

Swiss Properties Invest AS 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-11.92 Mil.

Swiss Properties Invest AS (OCSE:SWISS) 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.

Swiss Properties Invest AS's Interest Expense for the six months ended in Jun. 2024 was kr-5.27 Mil. Its Operating Income for the six months ended in Jun. 2024 was kr11.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was kr416.51 Mil.

Swiss Properties Invest AS's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	11.44	/	-5.267
	=	2.17

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. Swiss Properties Invest AS interest coverage is 1.9, which is low.

Swiss Properties Invest AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Swiss Properties Invest AS (OCSE:SWISS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SR1:Germany

Address

Schleppegrellsgade 8, kl, Kobenhavn N, DNK, 2200

Website

https://www.swisspropertiesinvest.dk

Swiss Properties Invest AS owns, operates, optimizes, and develops a portfolio of attractive commercial properties for renting out commercial space in selected regions in Switzerland with the aim of creating shareholder value to its investors.

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