Covivio (XPAR:COV) Interest Expense : €-286.5 Mil (TTM As of Dec. 2023)

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What is Covivio Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Covivio's interest expense for the six months ended in Dec. 2023 was € -157.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-286.5 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. Covivio's Operating Income for the six months ended in Dec. 2023 was € 400.7 Mil. Covivio's Interest Expense for the six months ended in Dec. 2023 was € -157.6 Mil. Covivio's Interest Coverage for the quarter that ended in Dec. 2023 was 2.54. 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.

Covivio Interest Expense Historical Data

The historical data trend for Covivio'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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Covivio Interest Expense Chart

Covivio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-173.93

-150.43

-146.10

-145.72

-286.50

Covivio 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															-79.94	-64.42	-81.30	-128.89	-157.61

Covivio 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 €-286.5 Mil.

Covivio (XPAR:COV) 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.

Covivio's Interest Expense for the six months ended in Dec. 2023 was €-157.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was €400.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €9,629.4 Mil.

Covivio'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	*	400.729	/	-157.611
	=	2.54

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. Covivio SA interest coverage is 2.77, which is low.

Covivio (XPAR:COV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Covivio SA (XPAR:COV) » Definitions » Interest Expense

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COVp:UK 0J6V:UK F5D:Germany

Address

18 Avenue Francois Mitterrand, Metz, FRA, 57000

Website

https://www.covivio.eu

Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the most revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.

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