Altarea SCA (Altarea SCA) Interest Expense : $-72 Mil (TTM As of Jun. 2023)

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What is Altarea SCA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altarea SCA's interest expense for the six months ended in Jun. 2023 was $ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-72 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. Altarea SCA's Operating Income for the six months ended in Jun. 2023 was $ 77 Mil. Altarea SCA's Interest Expense for the six months ended in Jun. 2023 was $ -36 Mil. Altarea SCA's Interest Coverage for the quarter that ended in Jun. 2023 was 2.18. 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.

Altarea SCA Interest Expense Historical Data

The historical data trend for Altarea SCA'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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Altarea SCA Interest Expense Chart

Altarea SCA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-56.56

-65.69

-67.23

-54.98

-78.19

Altarea SCA 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															-36.38	-22.83	-32.10	-35.54	-36.31

Altarea SCA 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-72 Mil.

Altarea SCA (OTCPK:ATRRF) 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.

Altarea SCA's Interest Expense for the six months ended in Jun. 2023 was $-36 Mil. Its Operating Income for the six months ended in Jun. 2023 was $77 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $2,351 Mil.

Altarea SCA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	77.356	/	-35.536
	=	2.18

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

Altarea SCA (Altarea SCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Altarea SCA (OTCPK:ATRRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ALTAp:UK ALTA:France XAL:Germany XAL:Germany

Address

8 avenue Delcasse, Paris, FRA, 75008

Website

https://www.altarea.com

Altarea SCA is a real estate investment trust primarily engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. The company's entry-level and midrange residential apartment properties generate most of this income. In terms of geography, the vast majority of Altarea's revenue comes from its holdings in France's major urban areas, such as the Greater Paris region.

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