Daiwa Office Investment (TSE:8976) Interest Expense : 円-869 Mil (TTM As of Nov. 2023)

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What is Daiwa Office Investment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Daiwa Office Investment's interest expense for the six months ended in Nov. 2023 was 円 -441 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was 円-869 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. Daiwa Office Investment's Operating Income for the six months ended in Nov. 2023 was 円 6,748 Mil. Daiwa Office Investment's Interest Expense for the six months ended in Nov. 2023 was 円 -441 Mil. Daiwa Office Investment's Interest Coverage for the quarter that ended in Nov. 2023 was 15.32. 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.

Daiwa Office Investment Interest Expense Historical Data

The historical data trend for Daiwa Office Investment'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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Daiwa Office Investment Interest Expense Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Interest Expense

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-1,057.83

-1,036.98

-968.02

-878.30

-846.12

Daiwa Office Investment Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-432.75	-424.62	-421.50	-428.00	-440.59

Daiwa Office Investment 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-869 Mil.

Daiwa Office Investment (TSE:8976) 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.

Daiwa Office Investment's Interest Expense for the six months ended in Nov. 2023 was 円-441 Mil. Its Operating Income for the six months ended in Nov. 2023 was 円6,748 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was 円176,300 Mil.

Daiwa Office Investment's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	6747.977	/	-440.59
	=	15.32

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

Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » Interest Expense

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Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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