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Unibail-Rodamco-Westfield (STU:UBLB) Interest Expense : €-1,098 Mil (TTM As of Jun. 2024)


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What is Unibail-Rodamco-Westfield Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Unibail-Rodamco-Westfield's interest expense for the six months ended in Jun. 2024 was € -547 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-1,098 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. Unibail-Rodamco-Westfield's Operating Income for the six months ended in Jun. 2024 was € 942 Mil. Unibail-Rodamco-Westfield's Interest Expense for the six months ended in Jun. 2024 was € -547 Mil. Unibail-Rodamco-Westfield's Interest Coverage for the quarter that ended in Jun. 2024 was 1.72. 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.

Unibail-Rodamco-Westfield Interest Expense Historical Data

The historical data trend for Unibail-Rodamco-Westfield'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.

* Premium members only.

Unibail-Rodamco-Westfield Interest Expense Chart

Unibail-Rodamco-Westfield Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -669.90 -677.60 -677.80 -719.40 -994.60

Unibail-Rodamco-Westfield Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -334.70 -384.70 -443.70 -550.90 -546.60

Unibail-Rodamco-Westfield 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1,098 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.

Unibail-Rodamco-Westfield  (STU:UBLB) 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.

Unibail-Rodamco-Westfield's Interest Expense for the six months ended in Jun. 2024 was €-547 Mil. Its Operating Income for the six months ended in Jun. 2024 was €942 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €23,999 Mil.

Unibail-Rodamco-Westfield's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*942.3/-546.6
=1.72

* 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.

Unibail-Rodamco-Westfield Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Unibail-Rodamco-Westfield (STU:UBLB) » Definitions » Interest Expense
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Traded in Other Exchanges
UNBLF:USA URWp:UK 0YO9:UK URW:France URW:Australia UL:Austria
Address
7, Place du Chancelier Adenauer - CS, Paris, FRA, 31622-772
Website
https://www.urw.com
Unibail-Rodamco-Westfield owns a portfolio of quality malls, about two thirds in continental Europe. Since acquiring Westfield in 2018 URW also has about 10% in the UK and about a quarter in the US, but it plans to drastically reduce exposure to the latter. More than 90% of rent comes from shopping centers, the remainder from offices, mostly Paris, as well as some offices attached to mixed-use assets around the world, and a similar amount from a conventions and exhibitions business in France.

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