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Extra Space Storage (FRA:FG8) Interest Expense : €-463 Mil (TTM As of Mar. 2024)


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What is Extra Space Storage Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Extra Space Storage's interest expense for the three months ended in Mar. 2024 was € -132 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-463 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. Extra Space Storage's Operating Income for the three months ended in Mar. 2024 was € 309 Mil. Extra Space Storage's Interest Expense for the three months ended in Mar. 2024 was € -132 Mil. Extra Space Storage's Interest Coverage for the quarter that ended in Mar. 2024 was 2.34. 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.

Extra Space Storage Interest Expense Historical Data

The historical data trend for Extra Space Storage'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.

Extra Space Storage Interest Expense Chart

Extra Space Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -172.14 -141.63 -147.07 -206.90 -401.48

Extra Space Storage 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -74.81 -79.72 -122.87 -128.58 -132.11

Extra Space Storage 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 €-463 Mil.

* 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.

Extra Space Storage  (FRA:FG8) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Extra Space Storage's Interest Expense for the three months ended in Mar. 2024 was €-132 Mil. Its Operating Income for the three months ended in Mar. 2024 was €309 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €9,909 Mil.

Extra Space Storage'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*308.962/-132.105
=2.34

* 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.

The higher the ratio, the stronger the company's financial strength is.

Extra Space Storage (FRA:FG8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » Interest Expense
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Traded in Other Exchanges
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Address
2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121
Website
http://www.extraspace.com
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

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