Rank Progress (WAR:RNK) Interest Expense : zł-19.5 Mil (TTM As of Mar. 2024)

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What is Rank Progress Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rank Progress's interest expense for the three months ended in Mar. 2024 was zł -5.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was zł-19.5 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. Rank Progress's Operating Income for the three months ended in Mar. 2024 was zł 76.3 Mil. Rank Progress's Interest Expense for the three months ended in Mar. 2024 was zł -5.7 Mil. Rank Progress's Interest Coverage for the quarter that ended in Mar. 2024 was 13.37. 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.

Rank Progress Interest Expense Historical Data

The historical data trend for Rank Progress'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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Rank Progress Interest Expense Chart

Rank Progress Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-13.28

-8.99

-8.74

-9.98

-18.55

Rank Progress Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.81	-4.36	-4.93	-4.45	-5.71

Rank Progress 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-19.5 Mil.

Rank Progress (WAR:RNK) 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.

Rank Progress's Interest Expense for the three months ended in Mar. 2024 was zł-5.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was zł76.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was zł23.8 Mil.

Rank Progress's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	76.292	/	-5.708
	=	13.37

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

Rank Progress (WAR:RNK) Business Description

Industry

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Address

63 Z?otoryjska, Legnica, POL, 59-220

Website

http://www.rankprogress.pl

Rank Progress SA is a Poland-based company engaged in property investment and development. It is engaged in renting and operating of own or leased real property, buying and selling of own real property and development of construction projects. The company's business model based on a purchase of a real estate, land integration, administrative preparation for development, construction works, and management or sale of a property. The company is also engaged in providing rental space to shopping centers in main cities across Poland.

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