Novus Properties (XMAU:NOV) Interest Expense : MUR-3.23 Mil (TTM As of Jun. 2024)

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What is Novus Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novus Properties's interest expense for the three months ended in Jun. 2024 was MUR -1.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was MUR-3.23 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. Novus Properties's Operating Income for the three months ended in Jun. 2024 was MUR -0.65 Mil. Novus Properties's Interest Expense for the three months ended in Jun. 2024 was MUR -1.01 Mil. Novus Properties did not have earnings to cover the interest expense. 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.

Novus Properties Interest Expense Historical Data

The historical data trend for Novus Properties'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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Novus Properties Interest Expense Chart

Novus Properties Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-3.41

-2.71

-2.75

-3.82

-4.37

Novus Properties Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.07	-1.07	-1.14	-1.08	-1.01

Novus Properties 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MUR-3.23 Mil.

Novus Properties (XMAU:NOV) 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.

Novus Properties's Interest Expense for the three months ended in Jun. 2024 was MUR-1.01 Mil. Its Operating Income for the three months ended in Jun. 2024 was MUR-0.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was MUR52.00 Mil.

Novus Properties's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Novus Properties did not have earnings to cover the interest expense.

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

Novus Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Novus Properties Ltd (XMAU:NOV) » Definitions » Interest Expense

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Address

Le Caudan Waterfront, 6th & 7th Floor, Dias Pier Building, Port Louis, MUS, 11307

Website

https://www.novusproperties.mu

Novus Properties Ltd is engaged in acquiring, investing, and holding an investment in real estate located in Mauritius. It invests mainly in the Offices and Light Industrial sectors. The company generates the majority revenue from the rental income. The company has invested in Industrial building at Pailles, GRNW, Offices at Grand Bay Business Park.