S IMMO AG (WBO:SPI) Interest Expense : €-57.7 Mil (TTM As of Mar. 2024)

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What is S IMMO AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. S IMMO AG's interest expense for the three months ended in Mar. 2024 was € -29.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-57.7 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. S IMMO AG's Operating Income for the three months ended in Mar. 2024 was € 42.6 Mil. S IMMO AG's Interest Expense for the three months ended in Mar. 2024 was € -29.2 Mil. S IMMO AG's Interest Coverage for the quarter that ended in Mar. 2024 was 1.46. 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.

S IMMO AG Interest Expense Historical Data

The historical data trend for S IMMO AG'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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S IMMO AG Interest Expense Chart

S IMMO AG Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-42.30

-36.20

-37.84

-39.88

-46.77

S IMMO AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-18.24	-11.95	-15.24	-1.34	-29.17

S IMMO AG 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-57.7 Mil.

S IMMO AG (WBO:SPI) 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.

S IMMO AG's Interest Expense for the three months ended in Mar. 2024 was €-29.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was €42.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €518.9 Mil.

S IMMO AG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	42.579	/	-29.166
	=	1.46

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

S IMMO AG (WBO:SPI) Business Description

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0MJ9:UK T1L:Germany

Address

Friedrichstrasse 10, 5th floor, Vienna, AUT, 1010

Website

https://www.simmoag.at

S IMMO AG is a real estate investment company. It manages property investments by developing, buying, letting, operating, renovating, and selling properties in Austria, Germany, Czechia, Hungary, Slovakia, Bulgaria, Romania, and Croatia. The firm's activities include property project development, the operation of hotels and shopping centers, and also revitalization and renovation of standing properties and asset management. Its property portfolio consists of offices, shopping centers, and hotels. The company derives a majority of its revenues from rental income.