Property & Building (XTAE:PTBL) Interest Expense : ₪-481 Mil (TTM As of Dec. 2023)

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What is Property & Building Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Property & Building's interest expense for the three months ended in Dec. 2023 was ₪ -67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-481 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. Property & Building's Operating Income for the three months ended in Dec. 2023 was ₪ 193 Mil. Property & Building's Interest Expense for the three months ended in Dec. 2023 was ₪ -67 Mil. Property & Building's Interest Coverage for the quarter that ended in Dec. 2023 was 2.88. 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.

Property & Building Interest Expense Historical Data

The historical data trend for Property & Building'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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Property & Building Interest Expense Chart

Property & Building Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-208.00

-174.00

-207.00

-449.00

-481.00

Property & Building Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-73.00	-134.00	-155.00	-125.00	-67.00

Property & Building 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-481 Mil.

Property & Building (XTAE:PTBL) 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.

Property & Building's Interest Expense for the three months ended in Dec. 2023 was ₪-67 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₪193 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪9,517 Mil.

Property & Building'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	*	193	/	-67
	=	2.88

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. Property & Building Corp Ltd interest coverage is 1.53, which is low.

Property & Building (XTAE:PTBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Property & Building Corp Ltd (XTAE:PTBL) » Definitions » Interest Expense

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Address

114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744130

Website

https://www.pbc.co.il

Property & Building Corp Ltd is an Israel-based construction company. Its principal activities are an investment in income-producing properties, Gav-Yam and residential construction in Israel and other regions, such as the United States, India, Eastern Europe, Western Europe, and the United Kingdom. PBC invests in various fields of real estate, agriculture, leisure, and sports. The company operates the real estate business through the company itself and through its subsidiaries, including Bayside Land, Hadarim Properties, Naveh-Gad Building Development, Israeli Properties Rental, and others.

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