Paramount Group (Paramount Group) Interest Expense : $-146.8 Mil (TTM As of Dec. 2023)

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What is Paramount Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paramount Group's interest expense for the three months ended in Dec. 2023 was $ -39.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-146.8 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. Paramount Group's Operating Income for the three months ended in Dec. 2023 was $ 30.9 Mil. Paramount Group's Interest Expense for the three months ended in Dec. 2023 was $ -39.0 Mil. Paramount Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.79. 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.

Paramount Group Interest Expense Historical Data

The historical data trend for Paramount Group'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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Paramount Group Interest Expense Chart

Paramount Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-137.36

-134.93

-132.89

-137.71

-146.77

Paramount Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35.52	-34.92	-35.34	-37.55	-38.96

Paramount Group 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 quarterly data reported by the company within the most recent 12 months, which was $-146.8 Mil.

Paramount Group (NYSE:PGRE) 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.

Paramount Group's Interest Expense for the three months ended in Dec. 2023 was $-39.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,803.5 Mil.

Paramount Group'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	*	30.85	/	-38.961
	=	0.79

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

Paramount Group (Paramount Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Paramount Group Inc (NYSE:PGRE) » Definitions » Interest Expense

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Traded in Other Exchanges

6PM:Germany

Address

1633 Broadway, Suite 1801, New York, NY, USA, 10019

Website

https://www.pgre.com

Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district ("CBD") submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants. The company's New York City assets generate the majority of its total revenue.

Executives

Albert P. Behler	director, officer: Chairman, CEO and President	PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gage R. Johnson	officer: SVP, GC and Secretary	PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK NY 10018
Thomas Armbrust	director	WERNER OTTO STRASSE 1-7, D-22179 HAMBURG 2M D-22179
Martin Bussmann	director	C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Paula Sutter	director	969 BROADWAY, SUITE 200, OAKLAND CA 94607
Hitoshi Saito	director	PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Ermelinda Berberi	officer: See Remarks	1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gregory S Wright	director	FOUR EMBARCADERO CENTER, SUITE 3200, SAN FRANCISCO CA 94111
Katharina Otto-bernstein	director, 10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Alexander Otto	10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Maren Otto	10 percent owner	WERNER-OTTO-STR. 1-7, HAMBURG 2M D-22179
Dyer Colin	director	JONES LANG LASALLE INCORPORATED, 200 EAST RANDOLPH DRIVE, CHICAGO IL 60601
David Zobel	officer: See Remarks	144 E. 84TH STREET #6D, NEW YORK NY 10028
Mark R Patterson	director	40 MINNISINK ROAD, SHORT HILLS NJ 07078
Brindley Peter R.c.	officer: EVP, Leasing	1633 BROADWAY, SUITE 1801, NEW YORK NY 10019