Growthpoint Properties Australia (ASX:GOZ) Interest Expense : A$-85.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Growthpoint Properties Australia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Growthpoint Properties Australia's interest expense for the six months ended in Dec. 2023 was A$ -46.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-85.3 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. Growthpoint Properties Australia's Operating Income for the six months ended in Dec. 2023 was A$ 114.3 Mil. Growthpoint Properties Australia's Interest Expense for the six months ended in Dec. 2023 was A$ -46.1 Mil. Growthpoint Properties Australia's Interest Coverage for the quarter that ended in Dec. 2023 was 2.48. 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.

Growthpoint Properties Australia Interest Expense Historical Data

The historical data trend for Growthpoint Properties Australia'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.

* Premium members only.

Growthpoint Properties Australia Interest Expense Chart

Growthpoint Properties Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-56.14

-47.90

-48.30

-46.10

-77.80

Growthpoint Properties Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-24.40	-21.70	-38.60	-39.20	-46.10

Growthpoint Properties Australia 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$-85.3 Mil.

Growthpoint Properties Australia (ASX:GOZ) 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.

Growthpoint Properties Australia's Interest Expense for the six months ended in Dec. 2023 was A$-46.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$114.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$2,017.0 Mil.

Growthpoint Properties Australia'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	*	114.3	/	-46.1
	=	2.48

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. Growthpoint Properties Australia interest coverage is 2.62, which is low.

Growthpoint Properties Australia (ASX:GOZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Growthpoint Properties Australia (ASX:GOZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IVP1:Germany

Address

Level 18, 101 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.growthpoint.com.au

Growthpoint Properties is an internally managed Australian REIT, with commercial property investments split circa 65/35 between Australian office and industrial assets. Historically the REIT did not undertake funds management activities but it purchased fund manager Fortius in September 2022. The REIT usually limits speculative property development, though it built an office development in suburban Melbourne. The asset was completely vacant on completion, but Growthpoint was able to attract tenants and it is now occupied.

Growthpoint Properties Australia (ASX:GOZ) Headlines

No Headlines