Vital Healthcare Property Trust (NZSE:VHP) Interest Expense : NZ$-41.7 Mil (TTM As of Dec. 2023)

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What is Vital Healthcare Property Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vital Healthcare Property Trust's interest expense for the six months ended in Dec. 2023 was NZ$ -21.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-41.7 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. Vital Healthcare Property Trust's Operating Income for the six months ended in Dec. 2023 was NZ$ 57.6 Mil. Vital Healthcare Property Trust's Interest Expense for the six months ended in Dec. 2023 was NZ$ -21.0 Mil. Vital Healthcare Property Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 2.74. 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.

Vital Healthcare Property Trust Interest Expense Historical Data

The historical data trend for Vital Healthcare Property Trust'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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Vital Healthcare Property Trust Interest Expense Chart

Vital Healthcare Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-32.67

-28.32

-27.72

-29.20

-38.22

Vital Healthcare Property Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.74	-15.46	-17.54	-20.67	-20.98

Vital Healthcare Property Trust 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 NZ$-41.7 Mil.

Vital Healthcare Property Trust (NZSE:VHP) 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.

Vital Healthcare Property Trust's Interest Expense for the six months ended in Dec. 2023 was NZ$-21.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$57.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$1,249.9 Mil.

Vital Healthcare Property Trust'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	*	57.555	/	-20.978
	=	2.74

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. Vital Healthcare Property Trust interest coverage is 2.69, which is low.

Vital Healthcare Property Trust (NZSE:VHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vital Healthcare Property Trust (NZSE:VHP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Level 17, HSBC Tower, 188 Quay Street, Auckland, NTL, NZL, 1010

Website

https://www.vitalhealthcareproperty.co.nz

Vital Healthcare Property Trust is a healthcare REIT. The vast majority of revenue is generated in Australia, followed by New Zealand. Most of the company's tenants are for-profit hospitals, followed by medical consultants and nonprofit hospitals. The company is focused on protecting the interests of investors and other stakeholders. The company considers merger and acquisition investment as a component of its operational growth strategy.

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