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Mailbox REIT (IPSX:MBOX) Interest Expense : £-6.40 Mil (TTM As of Jun. 2023)


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What is Mailbox REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mailbox REIT's interest expense for the six months ended in Jun. 2023 was £ -4.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-6.40 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. Mailbox REIT's Operating Income for the six months ended in Jun. 2023 was £ 4.53 Mil. Mailbox REIT's Interest Expense for the six months ended in Jun. 2023 was £ -4.17 Mil. Mailbox REIT's Interest Coverage for the quarter that ended in Jun. 2023 was 1.09. 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.

Mailbox REIT Interest Expense Historical Data

The historical data trend for Mailbox REIT'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.

Mailbox REIT Interest Expense Chart

Mailbox REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Interest Expense
- -5.79 -5.10 -5.13

Mailbox REIT Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Interest Expense Get a 7-Day Free Trial -2.51 -2.59 -2.89 -2.24 -4.17

Mailbox REIT 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-6.40 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.

Mailbox REIT  (IPSX:MBOX) 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.

Mailbox REIT's Interest Expense for the six months ended in Jun. 2023 was £-4.17 Mil. Its Operating Income for the six months ended in Jun. 2023 was £4.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £6.58 Mil.

Mailbox REIT's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*4.528/-4.166
=1.09

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mailbox REIT PLC interest coverage is 1.41, which is low.

Mailbox REIT (IPSX:MBOX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mailbox REIT PLC (IPSX:MBOX) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
30 Saint Mary Axe, 10th floor, London, GBR, EC3A 8BF
Website
https://www.themailboxreit.com
Mailbox REIT PLC is a single-asset real estate investment trust located in Birmingham. It provides shareholders income together with capital growth by investing in the Property. The company owns the Mailbox Property. The property provides office space, a leisure area, and retail and car parking space.