Empire East Land Holdings (PHS:ELI) Interest Expense : ₱-391 Mil (TTM As of Dec. 2023)

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What is Empire East Land Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empire East Land Holdings's interest expense for the three months ended in Dec. 2023 was ₱ -83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₱-391 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. Empire East Land Holdings's Operating Income for the three months ended in Dec. 2023 was ₱ 228 Mil. Empire East Land Holdings's Interest Expense for the three months ended in Dec. 2023 was ₱ -83 Mil. Empire East Land Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.76. 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.

Empire East Land Holdings Interest Expense Historical Data

The historical data trend for Empire East Land Holdings'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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Empire East Land Holdings Interest Expense Chart

Empire East Land Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-333.57

-338.34

-367.36

-398.81

-391.09

Empire East Land Holdings 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															-134.81	-89.86	-107.28	-111.27	-82.68

Empire East Land Holdings 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 ₱-391 Mil.

Empire East Land Holdings (PHS:ELI) 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.

Empire East Land Holdings's Interest Expense for the three months ended in Dec. 2023 was ₱-83 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₱228 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₱650 Mil.

Empire East Land Holdings'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	*	228.395	/	-82.683
	=	2.76

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

Empire East Land Holdings (PHS:ELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Empire East Land Holdings Inc (PHS:ELI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

P. Antonio Street, 2nd Floor Tower 2, Kasara Urban Resort Residences, Barangay Ugong, Pasig City, PHL, 1604

Website

https://www.eelhi.com.ph

Empire East Land Holdings Inc is engaged in the development and marketing of mid-cost housing projects in the form of condominium communities, subdivision lots and house and lot packages, and commercial units to a limited extent. The company also leases out commercial and industrial properties. It classifies and monitors its projects into high-rise and horizontal. High-rise projects refer to condominiums and other medium-scale properties while horizontal projects refer to house and lot packages and subdivision lots. Both are intended for the middle-income market.

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