Ingenia Communities Group (Ingenia Communities Group) Interest Expense : $-14.9 Mil (TTM As of Dec. 2023)

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What is Ingenia Communities Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ingenia Communities Group's interest expense for the six months ended in Dec. 2023 was $ -7.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.9 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. Ingenia Communities Group's Operating Income for the six months ended in Dec. 2023 was $ 34.3 Mil. Ingenia Communities Group's Interest Expense for the six months ended in Dec. 2023 was $ -7.9 Mil. Ingenia Communities Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.35. 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.

Ingenia Communities Group Interest Expense Historical Data

The historical data trend for Ingenia Communities 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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Ingenia Communities Group Interest Expense Chart

Ingenia Communities Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-5.07

-4.26

-3.29

-2.86

-11.24

Ingenia Communities 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															-2.10	-0.80	-4.24	-7.02	-7.88

Ingenia Communities 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 $-14.9 Mil.

Ingenia Communities Group (OTCPK:INGEF) 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.

Ingenia Communities Group's Interest Expense for the six months ended in Dec. 2023 was $-7.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was $34.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $452.4 Mil.

Ingenia Communities 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	*	34.254	/	-7.876
	=	4.35

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

Ingenia Communities Group (Ingenia Communities Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ingenia Communities Group (OTCPK:INGEF) » Definitions » Interest Expense

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INA:Australia

Address

88 Cumberland Street, Level 3, The Rocks, NSW, AUS, 2000

Website

https://www.ingeniacommunities.com.au

Ingenia Communities is an Australian real estate investment trust with a property portfolio capitalizing on tourism, retirement, and low-cost housing needs. The largest and fastest growing source of income is the firm's land-lease communities targeted at the over-55s population. This business generates development income on houses and rental income from the land. Additional rental and fee income are generated from housing communities and holiday parks. The firm's assets are situated in Australia's eastern states, with a focus on coastal and outer metropolitan regions.

Ingenia Communities Group (Ingenia Communities Group) Headlines

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