PRSI (Portsmouth Square) Interest Expense : $-13.48 Mil (TTM As of Sep. 2024)

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What is Portsmouth Square Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Portsmouth Square's interest expense for the three months ended in Sep. 2024 was $ -3.69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-13.48 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. Portsmouth Square's Operating Income for the three months ended in Sep. 2024 was $ 1.77 Mil. Portsmouth Square's Interest Expense for the three months ended in Sep. 2024 was $ -3.69 Mil. Portsmouth Square's Interest Coverage for the quarter that ended in Sep. 2024 was 0.48. 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.

Portsmouth Square Interest Expense Historical Data

The historical data trend for Portsmouth Square'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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Portsmouth Square Interest Expense Chart

Portsmouth Square Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-7.46

-7.42

-8.13

-8.44

-11.94

Portsmouth Square Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.15	-2.17	-3.22	-4.40	-3.69

Portsmouth Square 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.48 Mil.

Portsmouth Square (OTCPK:PRSI) 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.

Portsmouth Square's Interest Expense for the three months ended in Sep. 2024 was $-3.69 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $129.44 Mil.

Portsmouth Square's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.77	/	-3.686
	=	0.48

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. Portsmouth Square Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Portsmouth Square Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Portsmouth Square Inc (OTCPK:PRSI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1516 S. Bundy Drive, Suite 200, Los Angeles, CA, USA, 90025

Website

https://www.intgla.com

Portsmouth Square Inc is formed to acquire a hotel property in San Francisco, California through a California limited partnership, Justice Investors Limited Partnership. The company operates through two segments Hotel Operations and Investment Transactions. The Hotel Operations segment is engaged in the operation of hotel property referred as Hilton San Francisco Financial District and provides related facilities, including underground parking garage. The Investment Transactions segment includes the investment of cash in marketable securities and other investments. The company generates the majority of its revenue from the Hotel Operations segment.

Executives

John V Winfield	director, officer: PRESIDENT, CHAIRMAN, CEO	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Intergroup Corp	10 percent owner	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Babin C Jerold	director	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES, LOS ANGELES CA 90025
Danfeng Xu	officer: Treasurer and Controller	1100 GLENDON AVENUE, SUITE PH-1, LOS ANGELES CA 90024
Santa Fe Financial Corp	10 percent owner	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025