AX Real Estate (MAL:AXR) Interest Expense : €-6.11 Mil (TTM As of Oct. 2023)

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What is AX Real Estate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AX Real Estate's interest expense for the six months ended in Oct. 2023 was € -4.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was €-6.11 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. AX Real Estate's Operating Income for the six months ended in Oct. 2023 was € -4.80 Mil. AX Real Estate's Interest Expense for the six months ended in Oct. 2023 was € -4.25 Mil. AX Real Estate did not have earnings to cover the interest expense. 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.

AX Real Estate Interest Expense Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate Interest Expense Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Interest Expense

-4.03

-4.19

-6.11

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	-	-1.58	-2.61	-1.86	-4.25

AX Real Estate 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-6.11 Mil.

AX Real Estate (MAL:AXR) 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.

AX Real Estate's Interest Expense for the six months ended in Oct. 2023 was €-4.25 Mil. Its Operating Income for the six months ended in Oct. 2023 was €-4.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was €114.99 Mil.

AX Real Estate's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

AX Real Estate did not have earnings to cover the interest expense.

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

AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.