Rockwell Land (PHS:ROCK) Interest Expense : ₱-1,626 Mil (TTM As of Mar. 2024)

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What is Rockwell Land Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rockwell Land's interest expense for the three months ended in Mar. 2024 was ₱ -402 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-1,626 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. Rockwell Land's Operating Income for the three months ended in Mar. 2024 was ₱ 862 Mil. Rockwell Land's Interest Expense for the three months ended in Mar. 2024 was ₱ -402 Mil. Rockwell Land's Interest Coverage for the quarter that ended in Mar. 2024 was 2.14. 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.

Rockwell Land Interest Expense Historical Data

The historical data trend for Rockwell Land'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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Rockwell Land Interest Expense Chart

Rockwell Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,320.48

-1,223.09

-1,118.55

-1,172.41

-1,575.95

Rockwell Land Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-351.00	-398.00	-405.00	-420.95	-402.00

Rockwell Land 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 ₱-1,626 Mil.

Rockwell Land (PHS:ROCK) 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.

Rockwell Land's Interest Expense for the three months ended in Mar. 2024 was ₱-402 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱862 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱25,968 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	862	/	-402
	=	2.14

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. Rockwell Land Corp interest coverage is 2.23, which is low.

Rockwell Land (PHS:ROCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rockwell Land Corp (PHS:ROCK) » Definitions » Interest Expense

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Address

8 Rockwell, Hidalgo Center, Rockwell Center, 2nd Floor, Metro Manila, Makati, RIZ, PHL, 1200

Website

https://www.e-rockwell.com

Rockwell Land Corp engages in the real estate development of residential and commercial properties. It operates through the following business segments: Residential Development, Commercial Development, and Hotel Operations. The Residential Development segment which earns the majority of revenue involves the development, sale, and property management of all residential units under the Rockwell and Primaries brands. Its Commercial Development segment develops, leases, and manages its retail and office developments. The Hotel Operations segment engages in the lease of serviced apartments and management of hotel and resort operations.