Unibail-Rodamco-Westfield (WBO:UL) Interest Expense : €-995 Mil (TTM As of Dec. 2023)

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What is Unibail-Rodamco-Westfield Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Unibail-Rodamco-Westfield's interest expense for the six months ended in Dec. 2023 was € -551 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-995 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. Unibail-Rodamco-Westfield's Operating Income for the six months ended in Dec. 2023 was € 770 Mil. Unibail-Rodamco-Westfield's Interest Expense for the six months ended in Dec. 2023 was € -551 Mil. Unibail-Rodamco-Westfield's Interest Coverage for the quarter that ended in Dec. 2023 was 1.40. 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.

Unibail-Rodamco-Westfield Interest Expense Historical Data

The historical data trend for Unibail-Rodamco-Westfield'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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Unibail-Rodamco-Westfield Interest Expense Chart

Unibail-Rodamco-Westfield Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-669.90

-677.60

-677.80

-719.40

-994.60

Unibail-Rodamco-Westfield Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-336.90	-334.70	-384.70	-443.70	-550.90

Unibail-Rodamco-Westfield 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 €-995 Mil.

Unibail-Rodamco-Westfield (WBO:UL) 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.

Unibail-Rodamco-Westfield's Interest Expense for the six months ended in Dec. 2023 was €-551 Mil. Its Operating Income for the six months ended in Dec. 2023 was €770 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €26,004 Mil.

Unibail-Rodamco-Westfield'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	*	769.5	/	-550.9
	=	1.40

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Unibail-Rodamco-Westfield interest coverage is 1.66, which is low.

Unibail-Rodamco-Westfield (WBO:UL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

UNBLF:USA URWp:UK 0YO9:UK URW:France UBLB:Germany URW:Australia

Address

7, Place du Chancelier Adenauer - CS, Paris, FRA, 31622-772

Website

https://www.urw.com

Unibail-Rodamco-Westfield owns a portfolio of quality malls, about two thirds in continental Europe. Since acquiring Westfield in 2018 URW also has about 10% in the U.K. and about 25% in the U.S., but it plans to drastically reduce exposure to the latter. More than 90% of rent comes from shopping centers, the remainder from offices, mostly Paris, as well as some offices attached to mixed-use assets around the world, and a similar amount from a conventions and exhibitions business in France.