Hotel Property Investments (ASX:HPI) Interest Expense : A$-26.89 Mil (TTM As of Dec. 2023)

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What is Hotel Property Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hotel Property Investments's interest expense for the six months ended in Dec. 2023 was A$ -13.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-26.89 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. Hotel Property Investments's Operating Income for the six months ended in Dec. 2023 was A$ 27.50 Mil. Hotel Property Investments's Interest Expense for the six months ended in Dec. 2023 was A$ -13.64 Mil. Hotel Property Investments's Interest Coverage for the quarter that ended in Dec. 2023 was 2.02. 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.

Hotel Property Investments Interest Expense Historical Data

The historical data trend for Hotel Property Investments'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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Hotel Property Investments Interest Expense Chart

Hotel Property Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-13.03

-11.94

-12.51

-17.19

-25.12

Hotel Property Investments 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															-7.77	-9.42	-11.87	-13.25	-13.64

Hotel Property Investments 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$-26.89 Mil.

Hotel Property Investments (ASX:HPI) 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.

Hotel Property Investments's Interest Expense for the six months ended in Dec. 2023 was A$-13.64 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$27.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$467.93 Mil.

Hotel Property Investments'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	*	27.496	/	-13.637
	=	2.02

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. Hotel Property Investments interest coverage is 2.35, which is low.

Hotel Property Investments (ASX:HPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.hpitrust.com.au

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.