PSP Swiss Property AG (PSP Swiss Property AG) Interest Expense : $-32.2 Mil (TTM As of Mar. 2024)

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What is PSP Swiss Property AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PSP Swiss Property AG's interest expense for the three months ended in Mar. 2024 was $ -9.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-32.2 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. PSP Swiss Property AG's Operating Income for the three months ended in Mar. 2024 was $ 86.1 Mil. PSP Swiss Property AG's Interest Expense for the three months ended in Mar. 2024 was $ -9.4 Mil. PSP Swiss Property AG's Interest Coverage for the quarter that ended in Mar. 2024 was 9.16. 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.

PSP Swiss Property AG Interest Expense Historical Data

The historical data trend for PSP Swiss Property AG'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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PSP Swiss Property AG Interest Expense Chart

PSP Swiss Property AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.21

-15.48

-12.73

-12.94

-27.59

PSP Swiss Property AG 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															-4.00	-5.17	-8.65	-8.99	-9.40

PSP Swiss Property AG 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 $-32.2 Mil.

PSP Swiss Property AG (OTCPK:PSPSF) 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.

PSP Swiss Property AG's Interest Expense for the three months ended in Mar. 2024 was $-9.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $86.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,889.0 Mil.

PSP Swiss Property AG'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	*	86.086	/	-9.396
	=	9.16

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

PSP Swiss Property AG (PSP Swiss Property AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PSP Swiss Property AG (OTCPK:PSPSF) » Definitions » Interest Expense

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Traded in Other Exchanges

PSPSY:USA PSPNz:UK P7S0:Germany PSPN:Switzerland

Address

Kolinplatz 2, Zug, CHE, CH-6300

Website

http://www.psp.info

PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.