Nippon Prologis REIT (FRA:9NPA) Interest Expense : €-11.2 Mil (TTM As of Nov. 2023)

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What is Nippon Prologis REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nippon Prologis REIT's interest expense for the six months ended in Nov. 2023 was € -5.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was €-11.2 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. Nippon Prologis REIT's Operating Income for the six months ended in Nov. 2023 was € 83.7 Mil. Nippon Prologis REIT's Interest Expense for the six months ended in Nov. 2023 was € -5.7 Mil. Nippon Prologis REIT's Interest Coverage for the quarter that ended in Nov. 2023 was 14.61. 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.

Nippon Prologis REIT Interest Expense Historical Data

The historical data trend for Nippon Prologis 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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Nippon Prologis REIT Interest Expense Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov23

Interest Expense

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-7.13

-8.40

-9.49

-10.06

-10.72

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-4.74	-5.23	-5.48	-5.42	-5.73

Nippon Prologis 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-11.2 Mil.

Nippon Prologis REIT (FRA:9NPA) 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.

Nippon Prologis REIT's Interest Expense for the six months ended in Nov. 2023 was €-5.7 Mil. Its Operating Income for the six months ended in Nov. 2023 was €83.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was €1,863.1 Mil.

Nippon Prologis REIT's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	83.695	/	-5.728
	=	14.61

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

Nippon Prologis REIT (FRA:9NPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (FRA:9NPA) » Definitions » Interest Expense

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3283:Japan

Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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