What is Star Holdings Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Star Holdings's interest expense for the
three
months ended in Mar. 2024 was $ -3.8 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.7 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. Star Holdings's Operating Income for the
three
months ended in Mar. 2024 was $ -7.7 Mil. Star Holdings's Interest Expense for the
three
months ended in Mar. 2024 was $ -3.8 Mil.
Star Holdings did not have earnings to cover the interest expense.
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.
Star Holdings Interest Expense Historical Data
The historical data trend for Star 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.
Star Holdings Interest Expense Chart
|
Star Holdings Annual Data
|
|
Trend |
Dec21 |
Dec22 |
Dec23 |
| Interest Expense |
|
-51.37 |
-42.04 |
-22.97 |
|
Star Holdings Quarterly Data
|
|
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Interest Expense |
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|
|
|
-10.10 |
-4.71 |
-4.40 |
-3.77 |
-3.80 |
Star 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.7 Mil.
* 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.
Star Holdings (NAS:STHO) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Star Holdings's Interest Expense for the
three
months ended in Mar. 2024 was $-3.8 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-7.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $1.4 Mil.
Star Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Star Holdings did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Star Holdings (Star Holdings) Business Description
Traded in Other Exchanges
Address
1114 Avenue of the Americas,, 39th Floor, New York, NY, USA, 10036
Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised primarily of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. It focuses on realizing value for shareholders from the legacy portfolio primarily by maximizing cash flows through active asset management and asset sales.
Executives
| Brett Asnas |
officer: Chief Financial Officer |
C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036 |
| Garett Rosenblum |
officer: CHIEF ACCOUNTING OFFICER |
C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036 |
| Marcos Alvarado |
officer: Vice President |
591 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
| Richard J Lieb |
director, other: Member of Board of Trustees |
C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022 |
| Clifford Desouza |
director, other: Member of Board of Trustees |
C/O ISTAR, 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036 |
| Nina Matis |
director, other: Member of Board of Trustees |
1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036 |
| Jay Sugarman |
director, officer: President, other: Member of Board of Trustees |
24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134 |
| Istar Inc. |
10 percent owner |
1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036 |
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