Sirius Real Estate (Sirius Real Estate) Interest Expense : $-22.1 Mil (TTM As of Mar. 2024)

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What is Sirius Real Estate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sirius Real Estate's interest expense for the six months ended in Mar. 2024 was $ -14.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22.1 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. Sirius Real Estate's Operating Income for the six months ended in Mar. 2024 was $ 62.1 Mil. Sirius Real Estate's Interest Expense for the six months ended in Mar. 2024 was $ -14.2 Mil. Sirius Real Estate's Interest Coverage for the quarter that ended in Mar. 2024 was 4.36. 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.

Sirius Real Estate Interest Expense Historical Data

The historical data trend for Sirius Real Estate'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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Sirius Real Estate Interest Expense Chart

Sirius Real Estate Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-13.66

-11.75

-17.07

-19.27

-22.28

Sirius Real Estate Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-10.72	-7.23	-11.46	-7.90	-14.24

Sirius Real Estate 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 semi-annually data reported by the company within the most recent 12 months, which was $-22.1 Mil.

Sirius Real Estate (OTCPK:SRRLF) 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.

Sirius Real Estate's Interest Expense for the six months ended in Mar. 2024 was $-14.2 Mil. Its Operating Income for the six months ended in Mar. 2024 was $62.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $1,033.7 Mil.

Sirius Real Estate'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	*	62.065	/	-14.239
	=	4.36

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

Sirius Real Estate (Sirius Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sirius Real Estate Ltd (OTCPK:SRRLF) » Definitions » Interest Expense

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Traded in Other Exchanges

SRE:South Africa SREl:UK SRE:UK EYI:Germany

Address

Admiral Park, Trafalgar Court, 2nd Floor, East Wing, Channel Islands, St Peter Port, GGY, GY1 3EL

Website

https://www.sirius-real-estate.com

Sirius Real Estate Ltd is in the business of investment in and acquisition of the commercial property to provide workspace in Germany. It operates in two segments that is Germany; and United Kingdom. The Company invests in large mixed-use commercial real estate assets in Germany. The firm derives revenues in the form of rental income from operations in Germany. Its portfolio includes Conventional offices, Smartspace Office, Officepods, Virtual office, Classical storage spaces, Smart space Storage, Flexi storage, Workshop spaces, and others.