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Independence Realty Trust (FRA:5O2) Interest Expense : €-81.7 Mil (TTM As of Mar. 2024)


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What is Independence Realty Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Independence Realty Trust's interest expense for the three months ended in Mar. 2024 was € -19.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-81.7 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. Independence Realty Trust's Operating Income for the three months ended in Mar. 2024 was € 28.5 Mil. Independence Realty Trust's Interest Expense for the three months ended in Mar. 2024 was € -19.0 Mil. Independence Realty Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 1.50. 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.

Independence Realty Trust Interest Expense Historical Data

The historical data trend for Independence Realty Trust'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.

Independence Realty Trust Interest Expense Chart

Independence Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -35.30 -29.99 -32.22 -82.09 -82.46

Independence Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.66 -20.52 -20.65 -21.58 -18.96

Independence Realty Trust 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-81.7 Mil.

* 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.

Independence Realty Trust  (FRA:5O2) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Independence Realty Trust's Interest Expense for the three months ended in Mar. 2024 was €-19.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €28.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,439.8 Mil.

Independence Realty Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*28.485/-18.955
=1.50

* 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.

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

Independence Realty Trust (FRA:5O2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (FRA:5O2) » Definitions » Interest Expense
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Traded in Other Exchanges
IRT:USA
Address
1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103
Website
https://www.irtliving.com
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

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