AFI Properties (XTAE:AFPR) Interest Expense : ₪-376 Mil (TTM As of Mar. 2024)

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What is AFI Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AFI Properties's interest expense for the three months ended in Mar. 2024 was ₪ -124 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-376 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. AFI Properties's Operating Income for the three months ended in Mar. 2024 was ₪ 182 Mil. AFI Properties's Interest Expense for the three months ended in Mar. 2024 was ₪ -124 Mil. AFI Properties's Interest Coverage for the quarter that ended in Mar. 2024 was 1.47. 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.

AFI Properties Interest Expense Historical Data

The historical data trend for AFI Properties'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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AFI Properties Interest Expense Chart

AFI Properties Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-166.24

-148.94

-251.66

-340.25

-422.10

AFI Properties 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															-170.69	-146.51	-151.72	46.82	-124.46

AFI Properties 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 ₪-376 Mil.

AFI Properties (XTAE:AFPR) 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.

AFI Properties's Interest Expense for the three months ended in Mar. 2024 was ₪-124 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪182 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪9,495 Mil.

AFI Properties'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	*	182.427	/	-124.457
	=	1.47

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. AFI Properties Ltd interest coverage is 1.84, which is low.

AFI Properties (XTAE:AFPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AFI Properties Ltd (XTAE:AFPR) » Definitions » Interest Expense

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Address

4 Derech Hahoresh Street, Yehud, ISR

Website

http://prop.afi-g.com

AFI Properties Ltd is a real estate developer which initiates, constructs, rents and operates industrial buildings, offices, and commercial properties in Israel and Europe. The company also develops residential projects in Europe. The company's commercial buildings include Beit Harofim, Vertex House, The Main Commercial Center and Stage Center. Its shopping malls consist of Lev Hamoshava at City Center, Lev Talpiot, The Panorama Center and Big Fashion. Its offices portfolio includes Psagot Tower, Concorde Tower and AFI Square-Tel Aviv. Its logistic parks include Rehovot Science Park, Global Park Lod, Weitzmann Science Park and Migdal HaEmek Science Park.

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