Araneta Properties (PHS:ARA) Interest Expense : ₱0.0 Mil (TTM As of Mar. 2024)

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What is Araneta Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Araneta Properties's interest expense for the three months ended in Mar. 2024 was ₱ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱0.0 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. Araneta Properties's Operating Income for the three months ended in Mar. 2024 was ₱ 170.2 Mil. Araneta Properties's Interest Expense for the three months ended in Mar. 2024 was ₱ 0.0 Mil. Araneta Properties has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Araneta Properties Interest Expense Historical Data

The historical data trend for Araneta Properties'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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Araneta Properties Interest Expense Chart

Araneta Properties Annual Data

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Interest Expense

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-2.84

Araneta Properties Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Araneta Properties 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 quarterly data reported by the company within the most recent 12 months, which was ₱0.0 Mil.

Araneta Properties (PHS:ARA) 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.

Araneta Properties's Interest Expense for the three months ended in Mar. 2024 was ₱0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱170.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱0.0 Mil.

Araneta Properties's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Araneta Properties had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Araneta Properties Inc has enough cash to cover all of its debt. Its financial situation is stable.

Araneta Properties (PHS:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Araneta Properties Inc (PHS:ARA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Paseo de Roxas, 21st Floor, BDO Towers Valero Condo Corp, Makati, PHL, 1227

Website

https://www.aranetaproperties.com

Araneta Properties Inc is a real estate developer in the Philippines. The company acquires, owns, holds, improves, develops, subdivides, sells, leases, rents, mortgages, manages, and otherwise deals in real estate or any interest therein for residential, commercial, industrial, and recreational purposes. Its property portfolio consists of San Jose del Monte, Bulacan Property; Smelting Plant Property; Land Banking Activities in San Jose Del Monte, Bulacan; and the Land Banking Activities City of Laoag, Ilocos Norte.