CBRE Group (CBRE Group) Interest Expense : $-149 Mil (TTM As of Dec. 2023)

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What is CBRE Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CBRE Group's interest expense for the three months ended in Dec. 2023 was $ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-149 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. CBRE Group's Operating Income for the three months ended in Dec. 2023 was $ 495 Mil. CBRE Group's Interest Expense for the three months ended in Dec. 2023 was $ -39 Mil. CBRE Group's Interest Coverage for the quarter that ended in Dec. 2023 was 12.55. 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.

CBRE Group Interest Expense Historical Data

The historical data trend for CBRE Group'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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CBRE Group Interest Expense Chart

CBRE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-85.75

-67.75

-50.35

-69.00

-149.00

CBRE Group 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															-17.70	-28.41	-42.98	-38.21	-39.40

CBRE Group 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 $-149 Mil.

CBRE Group (NYSE:CBRE) 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.

CBRE Group's Interest Expense for the three months ended in Dec. 2023 was $-39 Mil. Its Operating Income for the three months ended in Dec. 2023 was $495 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,893 Mil.

CBRE Group'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	*	494.504	/	-39.397
	=	12.55

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

CBRE Group (CBRE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CBRE Group Inc (NYSE:CBRE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CBRE:Mexico C1BR34:Brazil

Address

2100 McKinney Avenue, Suite 1250, Dallas, TX, USA, 75201

Website

https://www.cbre.com

CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

Executives

Brandon Boze	director	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Chandra Dhandapani	officer: Chief Digital & Tech. Officer	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Lindsey S Caplan	officer: Chief Accounting Officer	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Daniel G Queenan	officer: CEO, Real Estate Investments	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Hutcheson Edward Mcvicar Blake	director	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Emma E. Giamartino	officer: See Remarks	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
J. Christopher Kirk	officer: EVP, Chief Admin. Officer	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Robert E Sulentic	director, officer: Group President	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Susan Meaney	director	9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Michael J Lafitte	officer: President, Americas	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Laurence H Midler	officer: EVP & Secretary	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Madeleine G Barber	officer: See Remarks	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Vikramaditya Kohli	officer: See Remarks	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
John E Durburg	officer: Chief Operating Officer	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Oscar Munoz	director