Scentre Group (ASX:SCG) Interest Expense : A$-629 Mil (TTM As of Dec. 2023)

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What is Scentre Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scentre Group's interest expense for the six months ended in Dec. 2023 was A$ -289 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-629 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. Scentre Group's Operating Income for the six months ended in Dec. 2023 was A$ 831 Mil. Scentre Group's Interest Expense for the six months ended in Dec. 2023 was A$ -289 Mil. Scentre Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.87. 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.

Scentre Group Interest Expense Historical Data

The historical data trend for Scentre 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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Scentre Group Interest Expense Chart

Scentre Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-618.30

-912.90

-570.20

-1,333.00

-628.90

Scentre Group 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															-187.50	-570.90	-762.10	-339.50	-289.40

Scentre 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 semi-annually data reported by the company within the most recent 12 months, which was A$-629 Mil.

Scentre Group (ASX:SCG) 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.

Scentre Group's Interest Expense for the six months ended in Dec. 2023 was A$-289 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$831 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$13,866 Mil.

Scentre 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	*	830.8	/	-289.4
	=	2.87

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. Scentre Group interest coverage is 2.63, which is low.

Scentre Group (ASX:SCG) Business Description

Industry

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STGPF:USA

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.