Hagag Group Real Estate Development (XTAE:HGG) Interest Expense : ₪-29.0 Mil (TTM As of Dec. 2023)

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What is Hagag Group Real Estate Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hagag Group Real Estate Development's interest expense for the three months ended in Dec. 2023 was ₪ -5.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-29.0 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. Hagag Group Real Estate Development's Operating Income for the three months ended in Dec. 2023 was ₪ 125.9 Mil. Hagag Group Real Estate Development's Interest Expense for the three months ended in Dec. 2023 was ₪ -5.7 Mil. Hagag Group Real Estate Development's Interest Coverage for the quarter that ended in Dec. 2023 was 22.12. 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.

Hagag Group Real Estate Development Interest Expense Historical Data

The historical data trend for Hagag Group Real Estate Development'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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Hagag Group Real Estate Development Interest Expense Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.12

-16.28

-23.00

-32.09

-29.01

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.01	-6.08	-8.39	-8.84	-5.69

Hagag Group Real Estate Development 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 quarterly data reported by the company within the most recent 12 months, which was ₪-29.0 Mil.

Hagag Group Real Estate Development (XTAE:HGG) 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.

Hagag Group Real Estate Development's Interest Expense for the three months ended in Dec. 2023 was ₪-5.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₪125.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪658.5 Mil.

Hagag Group Real Estate Development'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	*	125.882	/	-5.691
	=	22.12

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

Hagag Group Real Estate Development (XTAE:HGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » Interest Expense

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Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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