Tokaido REIT (TSE:2989) Interest Expense : 円-145 Mil (TTM As of Jul. 2023)

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What is Tokaido REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tokaido REIT's interest expense for the six months ended in Jul. 2023 was 円 -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was 円-145 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. Tokaido REIT's Operating Income for the six months ended in Jul. 2023 was 円 967 Mil. Tokaido REIT's Interest Expense for the six months ended in Jul. 2023 was 円 -68 Mil. Tokaido REIT's Interest Coverage for the quarter that ended in Jul. 2023 was 14.22. 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.

Tokaido REIT Interest Expense Historical Data

The historical data trend for Tokaido REIT'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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Tokaido REIT Interest Expense Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Interest Expense

-54.17

-115.02

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial			-44.63	-45.46	-47.04	-67.98	-77.10

Tokaido REIT 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 Jul. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-145 Mil.

Tokaido REIT (TSE:2989) 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.

Tokaido REIT's Interest Expense for the six months ended in Jul. 2023 was 円-68 Mil. Its Operating Income for the six months ended in Jul. 2023 was 円967 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2023 was 円16,100 Mil.

Tokaido REIT's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2023 )	/	Interest Expense (Q: Jul. 2023 )
	=	-1	*	966.924	/	-67.977
	=	14.22

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

Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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