Sunway Real Estate Investment Trust (XKLS:5176) Interest Expense : RM-141.5 Mil (TTM As of Mar. 2024)

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What is Sunway Real Estate Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sunway Real Estate Investment Trust's interest expense for the three months ended in Mar. 2024 was RM -37.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-141.5 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. Sunway Real Estate Investment Trust's Operating Income for the three months ended in Mar. 2024 was RM 118.3 Mil. Sunway Real Estate Investment Trust's Interest Expense for the three months ended in Mar. 2024 was RM -37.6 Mil. Sunway Real Estate Investment Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 3.14. 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.

Sunway Real Estate Investment Trust Interest Expense Historical Data

The historical data trend for Sunway 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.

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Sunway Real Estate Investment Trust Interest Expense Chart

Sunway Real Estate Investment Trust Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

Interest Expense

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-103.00

-113.93

-113.16

-96.83

-135.73

Sunway Real Estate Investment Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-31.87	-34.01	-34.51	-35.34	-37.63

Sunway 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-141.5 Mil.

Sunway Real Estate Investment Trust (XKLS:5176) 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.

Sunway Real Estate Investment Trust's Interest Expense for the three months ended in Mar. 2024 was RM-37.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM118.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM2,580.8 Mil.

Sunway Real Estate Investment Trust'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	*	118.28	/	-37.632
	=	3.14

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. Sunway Real Estate Investment Trust interest coverage is 3.33, which is low.

Sunway Real Estate Investment Trust (XKLS:5176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sunway Real Estate Investment Trust (XKLS:5176) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Jalan Lagoon Timur, Level 15, Menara Sunway, Bandar Sunway, Subang Jaya, SGR, MYS, 47500

Website

https://www.sunwayreit.com

Sunway Real Estate Investment Trust provides unitholders with a diversified portfolio of retail, hospitality, office, and other real estate assets. Sunway REIT divides its property type into four categories: retail, hotel, office, and others. The retail properties, which include shopping malls and hypermarkets, generate the most revenue for the company. The retail properties' tenants include department stores, supermarkets, cinemas, entertainment centers, fashion stores, convention centers, and others. The investment trust focuses on retail and mixed-use assets in cities and townships in Malaysia.

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