Grande Asset Hotels And Property PCL (BKK:GRAND) Interest Expense : ฿-1,052 Mil (TTM As of Mar. 2024)

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What is Grande Asset Hotels And Property PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grande Asset Hotels And Property PCL's interest expense for the three months ended in Mar. 2024 was ฿ -267 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-1,052 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. Grande Asset Hotels And Property PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 43 Mil. Grande Asset Hotels And Property PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -267 Mil. Grande Asset Hotels And Property PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 0.16. 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.

Grande Asset Hotels And Property PCL Interest Expense Historical Data

The historical data trend for Grande Asset Hotels And Property PCL'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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Grande Asset Hotels And Property PCL Interest Expense Chart

Grande Asset Hotels And Property PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-497.58

-546.88

-687.90

-883.06

-1,031.81

Grande Asset Hotels And Property PCL 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															-247.07	-252.44	-259.98	-272.32	-267.37

Grande Asset Hotels And Property PCL 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 ฿-1,052 Mil.

Grande Asset Hotels And Property PCL (BKK:GRAND) 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.

Grande Asset Hotels And Property PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-267 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿7,722 Mil.

Grande Asset Hotels And Property PCL'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	*	42.526	/	-267.374
	=	0.16

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. Grande Asset Hotels And Property PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Grande Asset Hotels And Property PCL (BKK:GRAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grande Asset Hotels And Property PCL (BKK:GRAND) » Definitions » Interest Expense

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Address

Sukhumvit Road, Room No 3203-4 32nd Floor, 388, Exchange Tower Building, Klongtoey Sub-district, Klongtoey District, Bangkok, THA, 10110

Website

https://www.grandeasset.com

Grande Asset Hotels And Property PCL is a company. operates in the hotel industry. Its operating segments include Hotel business; Rental business, and Property development business., of which prime revenue is derived from the Hotel business segment. The company focuses its business and long-term investment in hotels that are international and globally managed brands and real estate development. Its property portfolio includes Sheraton Hua Hin Pranburi Villas, Sheraton Hua Hin Resort & Spa Hotel, The Westin Grande Sukhumvit, Hyde Sukhumvit Condominium, Hua Hin Blue Lagoon Resort, and The Trendy Condominium.

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