GAG Immobilien AG (HAM:GWK3) Interest Expense : €-33.5 Mil (TTM As of Dec. 2023)

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What is GAG Immobilien AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GAG Immobilien AG's interest expense for the six months ended in Dec. 2023 was € -33.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-33.5 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. GAG Immobilien AG's Operating Income for the six months ended in Dec. 2023 was € 84.0 Mil. GAG Immobilien AG's Interest Expense for the six months ended in Dec. 2023 was € -33.5 Mil. GAG Immobilien AG's Interest Coverage for the quarter that ended in Dec. 2023 was 2.50. 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.

GAG Immobilien AG Interest Expense Historical Data

The historical data trend for GAG Immobilien AG'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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GAG Immobilien AG Interest Expense Chart

GAG Immobilien AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.29

-34.46

-33.11

-33.37

-33.54

GAG Immobilien AG Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	Get a 7-Day Free Trial										-35.29	-34.46	-33.11	-33.37	-33.54

GAG Immobilien AG Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-33.5 Mil.

GAG Immobilien AG (HAM:GWK3) 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.

GAG Immobilien AG's Interest Expense for the six months ended in Dec. 2023 was €-33.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was €84.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,217.4 Mil.

GAG Immobilien AG'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	*	83.985	/	-33.539
	=	2.50

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. GAG Immobilien AG interest coverage is 2.5, which is low.

GAG Immobilien AG (HAM:GWK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GAG Immobilien AG (HAM:GWK3) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Josef-Lammerting-Allee 20-22, Cologne, DEU, 50933

Website

http://www.gag-koeln.de

GAG Immobilien AG is a Germany based provider of real-estate services and consultation in the city of Cologne. The company operates as a landlord, and is focused on the business of Leasing, Selling and Managing properties. In the leasing business, the company focuses on leasing the properties it owns. The organization apart from being involved in the provision of leasing services, also sells homes, condominiums, flats and buildings. In the Managing business, the entity undertakes the management and administration of third-party apartments for their owners or owner associations.

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