Summit Industrialome REIT (TSX:SMU.UN) Interest Expense : C$-38.2 Mil (TTM As of Dec. 2022)

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What is Summit Industrialome REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Summit Industrialome REIT's interest expense for the three months ended in Dec. 2022 was C$ -10.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was C$-38.2 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. Summit Industrialome REIT's Operating Income for the three months ended in Dec. 2022 was C$ 43.6 Mil. Summit Industrialome REIT's Interest Expense for the three months ended in Dec. 2022 was C$ -10.1 Mil. Summit Industrialome REIT's Interest Coverage for the quarter that ended in Dec. 2022 was 4.32. 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.

Summit Industrialome REIT Interest Expense Historical Data

The historical data trend for Summit Industrialome 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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Summit Industrialome REIT Interest Expense Chart

Summit Industrialome REIT Annual Data

Trend

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Dec22

Interest Expense

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-20.94

-33.83

-40.77

-36.21

-38.24

Summit Industrialome REIT Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-8.69	-9.01	-8.98	-10.15	-10.11

Summit Industrialome 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-38.2 Mil.

Summit Industrialome REIT (TSX:SMU.UN) 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.

Summit Industrialome REIT's Interest Expense for the three months ended in Dec. 2022 was C$-10.1 Mil. Its Operating Income for the three months ended in Dec. 2022 was C$43.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was C$1,413.7 Mil.

Summit Industrialome REIT's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	43.644	/	-10.107
	=	4.32

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

Summit Industrialome REIT (TSX:SMU.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Industrial Income REIT (TSX:SMU.UN) » Definitions » Interest Expense

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Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

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