Klepierre (Klepierre) Interest Expense : $-226 Mil (TTM As of Dec. 2023)

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What is Klepierre Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Klepierre's interest expense for the six months ended in Dec. 2023 was $ -114 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-226 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. Klepierre's Operating Income for the six months ended in Dec. 2023 was $ 511 Mil. Klepierre's Interest Expense for the six months ended in Dec. 2023 was $ -114 Mil. Klepierre's Interest Coverage for the quarter that ended in Dec. 2023 was 4.48. 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.

Klepierre Interest Expense Historical Data

The historical data trend for Klepierre'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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Klepierre Interest Expense Chart

Klepierre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-207.89

-208.03

-140.68

-129.98

-226.28

Klepierre 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															-135.93	-63.32	-66.53	-111.48	-114.07

Klepierre 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 $-226 Mil.

Klepierre (OTCPK:KLPEF) 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.

Klepierre's Interest Expense for the six months ended in Dec. 2023 was $-114 Mil. Its Operating Income for the six months ended in Dec. 2023 was $511 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $6,856 Mil.

Klepierre'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	*	510.687	/	-114.068
	=	4.48

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Klepierre interest coverage is 4.5, which is low.

Klepierre (Klepierre) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Klepierre (OTCPK:KLPEF) » Definitions » Interest Expense

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Traded in Other Exchanges

LIp:UK 0F4I:UK LI:France KPR:Germany

Address

26 boulevard des Capucines, CS 20062, Paris, FRA, 75009

Website

http://www.klepierre.com

Klépierre is a French real estate company with a focus on the European retail property market. The company generates the vast majority of its revenue from the rents received from its shopping centres. The company also operates development, refurbishment, and extension programs in its shopping centres. By geography, most of the shopping centres are located in France and Belgium, with the others in Scandinavia, Italy, the Netherlands, Iberia, Germany, and elsewhere. Significant tenants include large retail companies.