Gladstone Commercial (Gladstone Commercial) Interest Expense : $-37.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Gladstone Commercial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gladstone Commercial's interest expense for the three months ended in Dec. 2023 was $ -9.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-37.3 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. Gladstone Commercial's Operating Income for the three months ended in Dec. 2023 was $ 13.5 Mil. Gladstone Commercial's Interest Expense for the three months ended in Dec. 2023 was $ -9.5 Mil. Gladstone Commercial's Interest Coverage for the quarter that ended in Dec. 2023 was 1.42. 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.

Gladstone Commercial Interest Expense Historical Data

The historical data trend for Gladstone Commercial'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.

* Premium members only.

Gladstone Commercial Interest Expense Chart

Gladstone Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-28.28

-26.80

-26.89

-32.46

-37.33

Gladstone Commercial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.64	-8.83	-9.08	-9.94	-9.49

Gladstone Commercial 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 $-37.3 Mil.

Gladstone Commercial (NAS:GOOD) 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.

Gladstone Commercial's Interest Expense for the three months ended in Dec. 2023 was $-9.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $13.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $668.2 Mil.

Gladstone Commercial'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	*	13.492	/	-9.485
	=	1.42

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. Gladstone Commercial Corp interest coverage is 1.34, which is low.

Gladstone Commercial (Gladstone Commercial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Commercial Corp (NAS:GOOD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GOODN.PFD:USA GLE:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonecommercial.com

Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.

Executives

Gary Gerson	officer: Chief Financial Officer	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22207
Jay Beckhorn	officer: Treasurer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Arthur S. Cooper	officer: Chief Investment Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Elliott Jr Wislar	officer: Chief Investment Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Paula Novara	director	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Robert G Cutlip	officer: President	C/O HIGHWOODS PROPERTIES, 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michela A English	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Sodo	officer: CFO	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi	other: Affiliate of External Advisor	1521 WESTBRANCH DR., MCLEAN VA 22102
Paul W Adelgren	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone	director, officer: CEO	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick	director	1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jennifer A Smith	officer: Valuation Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
George Iii Stelljes	director, officer: EVP, Chief Investment Officer	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102