CapitaLand India Trust (SGX:CY6U) Interest Expense : S$-81.8 Mil (TTM As of Dec. 2023)

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What is CapitaLand India Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CapitaLand India Trust's interest expense for the six months ended in Dec. 2023 was S$ -42.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-81.8 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. CapitaLand India Trust's Operating Income for the six months ended in Dec. 2023 was S$ 80.4 Mil. CapitaLand India Trust's Interest Expense for the six months ended in Dec. 2023 was S$ -42.0 Mil. CapitaLand India Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 1.91. 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.

CapitaLand India Trust Interest Expense Historical Data

The historical data trend for CapitaLand India 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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CapitaLand India Trust Interest Expense Chart

CapitaLand India Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-37.05

-44.27

-51.34

-64.84

-81.79

CapitaLand India Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-27.26	-29.37	-35.47	-39.78	-42.01

CapitaLand India 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 S$-81.8 Mil.

CapitaLand India Trust (SGX:CY6U) 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.

CapitaLand India Trust's Interest Expense for the six months ended in Dec. 2023 was S$-42.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$80.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$970.6 Mil.

CapitaLand India 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	*	80.355	/	-42.013
	=	1.91

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. CapitaLand India Trust interest coverage is 1.89, which is low.

CapitaLand India Trust (SGX:CY6U) Business Description

Industry

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ACNDF:USA

Address

No. 30-01, 168 Robinson Road, Capital Tower, Singapore, SGP, 068912

Website

https://www.clint.com.sg

CapitaLand India Trust is a Singapore-listed property trust that obtains portfolio returns for unitholders by investing in information technology, or IT, parks, and office properties in major Indian cities. Group revenue is derived primarily from corporate tenants. The company focuses on the purchase and development of properties to be used primarily for business space. A-iTrust may also purchase, hold and develop land or uncompleted developments to be used for business space to hold the properties upon completion. A-iTrust is positioned to capitalize on the IT and business process management industries in India.

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