CapitaLand Ascott Trust (SGX:HMN) Interest Expense : S$-125.8 Mil (TTM As of Dec. 2023)

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What is CapitaLand Ascott Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CapitaLand Ascott Trust's interest expense for the six months ended in Dec. 2023 was S$ -65.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-125.8 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 Ascott Trust's Operating Income for the six months ended in Dec. 2023 was S$ 144.2 Mil. CapitaLand Ascott Trust's Interest Expense for the six months ended in Dec. 2023 was S$ -65.1 Mil. CapitaLand Ascott Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 2.22. 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 Ascott Trust Interest Expense Historical Data

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

CapitaLand Ascott Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-59.23

-63.77

-58.75

-84.40

-125.76

CapitaLand Ascott Trust 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															-29.80	-34.96	-49.44	-60.66	-65.10

CapitaLand Ascott 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$-125.8 Mil.

CapitaLand Ascott Trust (SGX:HMN) 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 Ascott Trust's Interest Expense for the six months ended in Dec. 2023 was S$-65.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$144.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$2,739.7 Mil.

CapitaLand Ascott 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	*	144.217	/	-65.097
	=	2.22

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 Ascott Trust interest coverage is 2.09, which is low.

CapitaLand Ascott Trust (SGX:HMN) Business Description

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ATTRF:USA

Address

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

Website

https://www.capitalandascotttrust.com

CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.