Norstar Holdings (XTAE:NSTR) Interest Expense : ₪-839 Mil (TTM As of Mar. 2024)

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What is Norstar Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norstar Holdings's interest expense for the three months ended in Mar. 2024 was ₪ -322 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-839 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. Norstar Holdings's Operating Income for the three months ended in Mar. 2024 was ₪ 319 Mil. Norstar Holdings's Interest Expense for the three months ended in Mar. 2024 was ₪ -322 Mil. Norstar Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.99. 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.

Norstar Holdings Interest Expense Historical Data

The historical data trend for Norstar Holdings'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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Norstar Holdings Interest Expense Chart

Norstar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-848.00

-726.00

-724.00

-692.00

-885.00

Norstar Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-411.00	-410.00	-437.00	330.00	-322.00

Norstar Holdings 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 ₪-839 Mil.

Norstar Holdings (XTAE:NSTR) 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.

Norstar Holdings's Interest Expense for the three months ended in Mar. 2024 was ₪-322 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪319 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪21,580 Mil.

Norstar Holdings'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	*	319	/	-322
	=	0.99

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. Norstar Holdings Inc interest coverage is 1.56, which is low.

Norstar Holdings (XTAE:NSTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Norstar Holdings Inc (XTAE:NSTR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

c/o Meitar Liquornik Geva & Leshem Brandwein Law Office, 16 Aba Hilel Silver Street, Ramat Gan, ISR, 52506

Website

http://www.gazit-globe.com

Norstar Holdings Inc is a multinational real estate holdings company based in Israel. The company is the major shareholder of Gazit Globe, a multi-national real estate investment company that acquires, develops, and manages supermarket anchored shopping centers. The company operates through a variety of subsidiaries: in the United States through Equity One Inc., Royal Senior Care LLC, and ProMed Properties Inc.; in Canada through First Capital Realty Inc.; and in Europe through Citycon Oyj. In the United States the company focuses on projects in the senior housing and the medical office building sectors in North America.

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