Nippon Building Fund (TSE:8951) Interest Expense : 円-2,461 Mil (TTM As of Dec. 2023)

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What is Nippon Building Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nippon Building Fund's interest expense for the six months ended in Dec. 2023 was 円 -1,210 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-2,461 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. Nippon Building Fund's Operating Income for the six months ended in Dec. 2023 was 円 20,769 Mil. Nippon Building Fund's Interest Expense for the six months ended in Dec. 2023 was 円 -1,210 Mil. Nippon Building Fund's Interest Coverage for the quarter that ended in Dec. 2023 was 17.16. 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.

Nippon Building Fund Interest Expense Historical Data

The historical data trend for Nippon Building Fund'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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Nippon Building Fund Interest Expense Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,672.41

-2,377.58

-2,600.66

-2,518.04

-2,461.00

Nippon Building Fund 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															-1,294.29	-1,264.23	-1,253.80	-1,251.00	-1,210.00

Nippon Building Fund 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 円-2,461 Mil.

Nippon Building Fund (TSE:8951) 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.

Nippon Building Fund's Interest Expense for the six months ended in Dec. 2023 was 円-1,210 Mil. Its Operating Income for the six months ended in Dec. 2023 was 円20,769 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was 円536,500 Mil.

Nippon Building Fund'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	*	20769	/	-1210
	=	17.16

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

Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Interest Expense

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Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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