Olimpo Real Estate Portugal SIGI (XLIS:MLORE) Interest Expense : €-1.83 Mil (TTM As of Dec. 2023)

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What is Olimpo Real Estate Portugal SIGI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Olimpo Real Estate Portugal SIGI's interest expense for the six months ended in Dec. 2023 was € -0.99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.83 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. Olimpo Real Estate Portugal SIGI's Operating Income for the six months ended in Dec. 2023 was € 1.36 Mil. Olimpo Real Estate Portugal SIGI's Interest Expense for the six months ended in Dec. 2023 was € -0.99 Mil. Olimpo Real Estate Portugal SIGI's Interest Coverage for the quarter that ended in Dec. 2023 was 1.38. 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.

Olimpo Real Estate Portugal SIGI Interest Expense Historical Data

The historical data trend for Olimpo Real Estate Portugal SIGI'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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Olimpo Real Estate Portugal SIGI Interest Expense Chart

Olimpo Real Estate Portugal SIGI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.13

-0.38

-0.58

-1.83

Olimpo Real Estate Portugal SIGI Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.21	-0.22	-0.35	-0.84	-0.99

Olimpo Real Estate Portugal SIGI 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 €-1.83 Mil.

Olimpo Real Estate Portugal SIGI (XLIS:MLORE) 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.

Olimpo Real Estate Portugal SIGI's Interest Expense for the six months ended in Dec. 2023 was €-0.99 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €38.11 Mil.

Olimpo Real Estate Portugal SIGI'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	*	1.361	/	-0.988
	=	1.38

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. Olimpo Real Estate Portugal SIGI SA interest coverage is 1.42, which is low.

Olimpo Real Estate Portugal SIGI (XLIS:MLORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Olimpo Real Estate Portugal SIGI SA (XLIS:MLORE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lugar do Espido, Via Norte, Miaia, PRT, 4471-909

Website

https://www.ores-portugal.com

Olimpo Real Estate Portugal SIGI SA is a real estate investment and asset management company. The company's objectives are to acquire offices and commercial real estate assets with long-term growth potential in the Portuguese and Spanish markets.

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