Flagship Communities REIT (TSX:MHC.U) Interest Expense : $-14.33 Mil (TTM As of Dec. 2023)

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What is Flagship Communities REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flagship Communities REIT's interest expense for the three months ended in Dec. 2023 was $ -3.99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.33 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. Flagship Communities REIT's Operating Income for the three months ended in Dec. 2023 was $ 12.19 Mil. Flagship Communities REIT's Interest Expense for the three months ended in Dec. 2023 was $ -3.99 Mil. Flagship Communities REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 3.06. 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.

Flagship Communities REIT Interest Expense Historical Data

The historical data trend for Flagship Communities 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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Flagship Communities REIT Interest Expense Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.25

-8.12

-11.10

-14.33

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial													-3.37	-3.35	-3.46	-3.54	-3.99

Flagship Communities 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14.33 Mil.

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT's Interest Expense for the three months ended in Dec. 2023 was $-3.99 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $331.85 Mil.

Flagship Communities REIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.189	/	-3.989
	=	3.06

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

Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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