Service Properties Trust (Service Properties Trust) Interest Expense : $-306 Mil (TTM As of Mar. 2024)

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What is Service Properties Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Service Properties Trust's interest expense for the three months ended in Mar. 2024 was $ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-306 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. Service Properties Trust's Operating Income for the three months ended in Mar. 2024 was $ 23 Mil. Service Properties Trust's Interest Expense for the three months ended in Mar. 2024 was $ -84 Mil. Service Properties Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 0.27. 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.

Service Properties Trust Interest Expense Historical Data

The historical data trend for Service Properties Trust'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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Service Properties Trust Interest Expense Chart

Service Properties Trust Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-225.13

-291.62

-344.69

-322.42

-310.63

Service Properties Trust 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															-76.35	-75.70	-82.28	-64.27	-84.19

Service Properties Trust 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 $-306 Mil.

Service Properties Trust (NAS:SVC) 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.

Service Properties Trust's Interest Expense for the three months ended in Mar. 2024 was $-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was $23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $5,526 Mil.

Service Properties Trust'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	*	22.828	/	-84.188
	=	0.27

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

Service Properties Trust (Service Properties Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Service Properties Trust (NAS:SVC) » Definitions » Interest Expense

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HPO:Germany

Address

255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634

Website

https://www.svcreit.com

Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel investment unit and net lease investments. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.

Executives

Rajan Penkar	director	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Todd W Hargreaves	officer: Vice President	C/O THE RMR GROUP LLC, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Robert E. Cramer	director	C/O SERVICE PROPERTIES TRUST, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Laurie B. Burns	director	C/O SERVICE PROPERTIES TRUST, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Brian E. Donley	officer: CFO and Treasurer	C/O THE RMR GROUP LLC,, TWO NEWTON PL., 255 WASHINGTON ST., NEWTON MA 02458
Donna D. Fraiche	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
William A. Lamkin	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Adam D. Portnoy	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Bruce M. Gans	other: Trustee	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Gerard M Martin	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Barry M. Portnoy	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Arthur G Koumantzelis	director	C/O REITMANAGEMENT & RESEARCH LLC, 400 CENTRE STREET, NUWTON MA 02458
John L Harrington	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Frank J Bailey	director	C/O REIT MANAGEMENT & RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458
John G. Murray	officer: President, Secretary, COO	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458