Palace Capital (LSE:PCA) Interest Expense : £-1.66 Mil (TTM As of Mar. 2024)

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What is Palace Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palace Capital's interest expense for the six months ended in Mar. 2024 was £ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-1.66 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. Palace Capital's Operating Income for the six months ended in Mar. 2024 was £ 2.08 Mil. Palace Capital's Interest Expense for the six months ended in Mar. 2024 was £ -0.10 Mil. Palace Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 20.23. 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.

Palace Capital Interest Expense Historical Data

The historical data trend for Palace Capital'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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Palace Capital Interest Expense Chart

Palace Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.47

-3.00

-2.75

-3.64

-1.66

Palace Capital Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.13	-1.73	-1.92	-1.55	-0.10

Palace Capital 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 semi-annually data reported by the company within the most recent 12 months, which was £-1.66 Mil.

Palace Capital (LSE:PCA) 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.

Palace Capital's Interest Expense for the six months ended in Mar. 2024 was £-0.10 Mil. Its Operating Income for the six months ended in Mar. 2024 was £2.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £7.93 Mil.

Palace Capital'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	*	2.084	/	-0.103
	=	20.23

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

Palace Capital (LSE:PCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Palace Capital PLC (LSE:PCA) » Definitions » Interest Expense

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PCAl:UK

Address

6-8 Greencoat Place, Fora Victoria, London, GBR, SW1P 1PL

Website

https://www.palacecapitalplc.com

Palace Capital PLC is a property investment company. Its property portfolio includes investment properties located throughout England, predominantly regional investments outside London, and comprises a diverse portfolio of commercial buildings. The company generates revenue in the form of Rent. Its only reportable segment is an Investment property. The company's properties include Hudson House, York; Fraser House, Staines, Milton Keynes, and Midsummer Boulevard.

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