Real Estate Split (TSX:RS.PR.A.PFD) Interest Expense : C$-0.03 Mil (TTM As of Dec. 2023)

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What is Real Estate Split Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Real Estate Split's interest expense for the six months ended in Dec. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.03 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. Real Estate Split's Operating Income for the six months ended in Dec. 2023 was C$ 1.75 Mil. Real Estate Split's Interest Expense for the six months ended in Dec. 2023 was C$ -0.01 Mil. Real Estate Split's Interest Coverage for the quarter that ended in Dec. 2023 was 145.42. 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.

Real Estate Split Interest Expense Historical Data

The historical data trend for Real Estate Split'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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Real Estate Split Interest Expense Chart

Real Estate Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.02

-0.03

Real Estate Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-	-0.01	-0.01	-0.01	-0.01

Real Estate Split 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 semi-annually data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Real Estate Split (TSX:RS.PR.A.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.

Real Estate Split's Interest Expense for the six months ended in Dec. 2023 was C$-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was C$1.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was C$0.00 Mil.

Real Estate Split'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	*	1.745	/	-0.012
	=	145.42

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Real Estate Split Corp has enough cash to cover all of its debt. Its financial situation is stable.

Real Estate Split (TSX:RS.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Real Estate Split Corp (TSX:RS.PR.A.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

RS:Canada

Address

8 Spadina Avenue, Suite 3100, Toronto, ON, CAN, M5V 0S8

Website

https://www.middlefield.com

Real Estate Split Corp invests in a diversified, actively managed, high conviction portfolio of Real Estate Issuers engaged in e-commerce, data infrastructure as well as the multi-family, retail, office and healthcare sectors.

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