Taubman Centers (Taubman Centers) Interest Expense : $-137.07 Mil (TTM As of Sep. 2020)

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What is Taubman Centers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taubman Centers's interest expense for the three months ended in Sep. 2020 was $ -33.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-137.07 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. Taubman Centers's Operating Income for the three months ended in Sep. 2020 was $ 23.94 Mil. Taubman Centers's Interest Expense for the three months ended in Sep. 2020 was $ -33.05 Mil. Taubman Centers's Interest Coverage for the quarter that ended in Sep. 2020 was 0.72. 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.

Taubman Centers Interest Expense Historical Data

The historical data trend for Taubman Centers'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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Taubman Centers Interest Expense Chart

Taubman Centers Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-63.04

-86.29

-108.57

-133.20

-148.41

Taubman Centers Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial															-37.70	-35.82	-34.85	-33.35	-33.05

Taubman Centers 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-137.07 Mil.

Taubman Centers (NYSE:TCOpK.PFD) 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.

Taubman Centers's Interest Expense for the three months ended in Sep. 2020 was $-33.05 Mil. Its Operating Income for the three months ended in Sep. 2020 was $23.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was $4,138.13 Mil.

Taubman Centers's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2020 )	/	Interest Expense (Q: Sep. 2020 )
	=	-1	*	23.938	/	-33.052
	=	0.72

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Taubman Centers Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Taubman Centers (Taubman Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Taubman Centers Inc (NYSE:TCOpK.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

200 East Long Lake Road, Suite 300, Bloomfield Hills, MI, USA, 48304-2324

Website

http://www.taubman.com

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of shopping centers. The company owns or operates a collection of over 20 urban and suburban shopping centers in U.S. states, Puerto Rico, South Korea, and China. Some of the operating malls of the group are Cherry Creek Shopping center, City Creek Center, Dolphin Mall, Fair Oaks Mall, and Stamford Town Center. Taubman derives its revenue by offering its properties on lease.

Executives

Ryan Hurren	officer: VP, Investor Relations, CAO	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Michelle J Goldberg	director	601 UNION STREET, SUITE 3100, SEATTLE WA 98101
Nancy Killefer	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Janice L Fields	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Jonathan Litt	director	LAND AND BUILDINGS, 1 LANDMARK SQUARE, 7TH FLOOR, STAMFORD CT 06901
Michael J Embler	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Mayree C Clark	director	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Paul Aubrey Wright	officer: EVP, Global Head of Leasing	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Peter John Sharp	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Marakovits Cornelia Connelly	director	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., STE 300, BLOOMFIELD HILLS MI 48304
Simon Leopold	officer: CFO	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CAO	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
David Ii Joseph	officer: Senior Vice President, Leasing	TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., SUITE 300, BLOOMFIELD HILLS MI 48304-2324
Rene Tremblay	officer: President, Taubman Asia Mngmt	SUITE 1107-11, 11/F, TWO PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY K3 00000
Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202