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Equity Lifestyle Properties (FRA:MHV) Interest Expense : €-123 Mil (TTM As of Mar. 2024)


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What is Equity Lifestyle Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equity Lifestyle Properties's interest expense for the three months ended in Mar. 2024 was € -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-123 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. Equity Lifestyle Properties's Operating Income for the three months ended in Mar. 2024 was € 106 Mil. Equity Lifestyle Properties's Interest Expense for the three months ended in Mar. 2024 was € -31 Mil. Equity Lifestyle Properties's Interest Coverage for the quarter that ended in Mar. 2024 was 3.43. 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.

Equity Lifestyle Properties Interest Expense Historical Data

The historical data trend for Equity Lifestyle 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.

* Premium members only.

Equity Lifestyle Properties Interest Expense Chart

Equity Lifestyle Properties 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 -93.80 -84.48 -96.22 -110.04 -121.36

Equity Lifestyle 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 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 -30.44 -30.57 -31.33 -30.44 -30.86

Equity Lifestyle 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 €-123 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.

Equity Lifestyle Properties  (FRA:MHV) 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.

Equity Lifestyle Properties's Interest Expense for the three months ended in Mar. 2024 was €-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was €106 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,195 Mil.

Equity Lifestyle 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*105.824/-30.86
=3.43

* 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.

Equity Lifestyle Properties (FRA:MHV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Lifestyle Properties Inc (FRA:MHV) » Definitions » Interest Expense
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Traded in Other Exchanges
ELS:USA
Address
Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606
Website
https://www.equitylifestyleproperties.com
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.

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