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Axis Real Estate Investment Trust (XKLS:5106) Interest Expense : RM-74.4 Mil (TTM As of Dec. 2024)


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What is Axis Real Estate Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Axis Real Estate Investment Trust's interest expense for the three months ended in Dec. 2024 was RM -21.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was RM-74.4 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. Axis Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2024 was RM 64.9 Mil. Axis Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2024 was RM -21.5 Mil. Axis Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2024 was 3.02. 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.

Axis Real Estate Investment Trust Interest Expense Historical Data

The historical data trend for Axis Real Estate Investment Trust'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.

* Premium members only.

Axis Real Estate Investment Trust Interest Expense Chart

Axis Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.51 -45.70 -52.97 -60.54 -74.43

Axis Real Estate Investment Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.92 -15.97 -17.45 -19.52 -21.49

Axis Real Estate Investment Trust 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-74.4 Mil.

* 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.

Axis Real Estate Investment Trust  (XKLS:5106) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Axis Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2024 was RM-21.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was RM64.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was RM934.9 Mil.

Axis Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*64.947/-21.493
=3.02

* 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.

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. Axis Real Estate Investment Trust interest coverage is 3.19, which is low.

Axis Real Estate Investment Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Axis Real Estate Investment Trust (XKLS:5106) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 2, Jalan 51A/223, Section 51A, Penthouse, Menara Axis, Petaling Jaya, SGR, MYS, 46100
Website
https://www.axis-reit.com.my
Axis Real Estate Investment Trust owns and invests in industrial and office real estate. It currently has a diverse portfolio of properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah. The primary objectives of the Fund are to provide unitholders with a stable and growing distribution of income and to achieve long-term growth, in the net asset value per unit of the Fund.

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