CBL & Associates Properties (CBL & Associates Properties) Interest Expense : $-172.9 Mil (TTM As of Dec. 2023)

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What is CBL & Associates Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CBL & Associates Properties's interest expense for the three months ended in Dec. 2023 was $ -42.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-172.9 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. CBL & Associates Properties's Operating Income for the three months ended in Dec. 2023 was $ 37.7 Mil. CBL & Associates Properties's Interest Expense for the three months ended in Dec. 2023 was $ -42.3 Mil. CBL & Associates Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 0.89. 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.

CBL & Associates Properties Interest Expense Historical Data

The historical data trend for CBL & Associates 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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CBL & Associates Properties Interest Expense Chart

CBL & Associates Properties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-206.26

-200.66

-217.34

-172.91

CBL & Associates Properties Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial										-33.91	-43.52	-44.17	-42.89	-42.32

CBL & Associates 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-172.9 Mil.

CBL & Associates Properties (NYSE:CBL) 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.

CBL & Associates Properties's Interest Expense for the three months ended in Dec. 2023 was $-42.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $37.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,969.2 Mil.

CBL & Associates Properties'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	*	37.695	/	-42.317
	=	0.89

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. CBL & Associates Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

CBL & Associates Properties (CBL & Associates Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (NYSE:CBL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CAZ0:Germany

Address

2030 Hamilton Place Boulevard, Suite 500, Chattanooga, TN, USA, 37421

Website

https://www.cblproperties.com

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.

Executives

Andrew Franklin Cobb	officer: Exec VP-Accounting	1563 QUIET POND DR, CHATTANOOGA TN 37415
Benjamin W Jaenicke	officer: Exec VP - Finance	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Michael A Torres	director	MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Joseph Khalili	officer: EVP Financial Planning & Anlys	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Jennifer Cope	officer: EVP Ops Services & Risk Mgmt	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
David J Contis	director	2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffery V. Curry	officer: Interim Chief Legal Officer	4019 BREAKWATER DR, HIXON TN 37343
Charles B Lebovitz	director, 10 percent owner, officer: Chairman and CEO	CBL & ASSOCIATES PROPERTIES INC, ONE PARK PLACE 6148 LEE HWY, CHATTANOOGA TN 37421
Strategic Value Partners, Llc	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strategic Value Special Situations Offshore Fund V, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jonathan M Heller	director, other: Member of 10% owner group	CANYON PARTNERS, LLC, 1370 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10019
Jeffrey Kivitz	director	39 BOLAND ROAD, SHARON CT 06069
Marjorie L. Bowen	director	225 6TH STREET, MANHATTAN BEACH CA 90266
Strategic Value Special Situations Master Fund Iv, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Svp Special Situations Iv Llc	10 percent owner	C/O STRATEGIC VALUE PARTNERS, LLC, 100 WEST PUTNAM AVENUE, GREENWICH CT 06830