Mindspace Business Parks REIT (BOM:543217) Interest Expense : ₹-5,302 Mil (TTM As of Sep. 2023)

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What is Mindspace Business Parks REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mindspace Business Parks REIT's interest expense for the three months ended in Sep. 2023 was ₹ -1,150 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-5,302 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. Mindspace Business Parks REIT's Operating Income for the three months ended in Sep. 2023 was ₹ 3,412 Mil. Mindspace Business Parks REIT's Interest Expense for the three months ended in Sep. 2023 was ₹ -1,150 Mil. Mindspace Business Parks REIT's Interest Coverage for the quarter that ended in Sep. 2023 was 2.97. 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.

Mindspace Business Parks REIT Interest Expense Historical Data

The historical data trend for Mindspace Business Parks REIT'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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Mindspace Business Parks REIT Interest Expense Chart

Mindspace Business Parks REIT Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-5,065.00

-1,690.00

-2,630.00

-3,427.00

-4,566.00

Mindspace Business Parks REIT Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial													-174.00	-2,914.00	-1,064.00	-1,150.00	-

Mindspace Business Parks REIT 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-5,302 Mil.

Mindspace Business Parks REIT (BOM:543217) 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.

Mindspace Business Parks REIT's Interest Expense for the three months ended in Sep. 2023 was ₹-1,150 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹3,412 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹47,703 Mil.

Mindspace Business Parks REIT's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	3412	/	-1150
	=	2.97

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

Mindspace Business Parks REIT (BOM:543217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mindspace Business Parks REIT (BOM:543217) » Definitions » Interest Expense

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MINDSPACE:India

Address

Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.mindspacereit.com

Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune and Chennai in India. The company's portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices.

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