Abacus Storage King (ASX:ASK) Interest Expense : A$-14.92 Mil (TTM As of Dec. 2023)

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What is Abacus Storage King Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abacus Storage King's interest expense for the six months ended in Dec. 2023 was A$ -14.92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-14.92 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. Abacus Storage King's Operating Income for the six months ended in Dec. 2023 was A$ 43.53 Mil. Abacus Storage King's Interest Expense for the six months ended in Dec. 2023 was A$ -14.92 Mil. Abacus Storage King's Interest Coverage for the quarter that ended in Dec. 2023 was 2.92. 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.

Abacus Storage King Interest Expense Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King Interest Expense Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Interest Expense

-6.21

-4.63

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Interest Expense	-	-	-4.64	-14.92

Abacus Storage King 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 A$-14.92 Mil.

Abacus Storage King (ASX:ASK) 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.

Abacus Storage King's Interest Expense for the six months ended in Dec. 2023 was A$-14.92 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$43.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$965.71 Mil.

Abacus Storage King'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	*	43.528	/	-14.919
	=	2.92

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

Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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