Manufactured Housing Properties (Manufactured Housing Properties) Interest Expense : $-8.40 Mil (TTM As of Sep. 2023)

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What is Manufactured Housing Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manufactured Housing Properties's interest expense for the three months ended in Sep. 2023 was $ -2.37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-8.40 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. Manufactured Housing Properties's Operating Income for the three months ended in Sep. 2023 was $ 0.09 Mil. Manufactured Housing Properties's Interest Expense for the three months ended in Sep. 2023 was $ -2.37 Mil. Manufactured Housing Properties's Interest Coverage for the quarter that ended in Sep. 2023 was 0.04. 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.

Manufactured Housing Properties Interest Expense Historical Data

The historical data trend for Manufactured Housing 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.

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Manufactured Housing Properties Interest Expense Chart

Manufactured Housing Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.00

-1.33

-1.96

-2.24

-5.53

Manufactured Housing Properties Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.51	-1.68	-2.05	-2.29	-2.37

Manufactured Housing 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.40 Mil.

Manufactured Housing Properties (OTCPK:MHPC) 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.

Manufactured Housing Properties's Interest Expense for the three months ended in Sep. 2023 was $-2.37 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $88.95 Mil.

Manufactured Housing Properties's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.09	/	-2.366
	=	0.04

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. Manufactured Housing Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Manufactured Housing Properties (Manufactured Housing Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Manufactured Housing Properties Inc (OTCPK:MHPC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Main Street, Pineville, NC, USA, 28134

Website

https://www.mhproperties.com

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

Executives

Vira Turchinyak	officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES, INC, 136 MAIN STREET, PINEVILLE NC 28134
Julia Pererva	officer: Chief Operating Officer	136 MAIN STREET, PINEVILLE NC 28134
Wardlaw John Waller Iii	director, officer: President	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
James Lambert Johnson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Chelsea Howlett Gee	officer: Vice President of Finance	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Richard M Gee	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Robert Joseph Jackson	10 percent owner	743 JETTON STREET, DAVIDSON NC 28036
Metrolina Loan Holdings, Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Andrew Coatley	officer: Chief Operating Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Terry Robertson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Gvest Real Estate Capital Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
William Henry Carter	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Adam A Martin	officer: Chief Investment Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Raymond M Gee	director, 10 percent owner, officer: Chairman and CEO	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Michael Z Anise	director, officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134