Altus Property Ventures (PHS:APVI) Interest Expense : ₱-0.3 Mil (TTM As of Jun. 2024)

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What is Altus Property Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altus Property Ventures's interest expense for the three months ended in Jun. 2024 was ₱ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₱-0.3 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. Altus Property Ventures's Operating Income for the three months ended in Jun. 2024 was ₱ 32.5 Mil. Altus Property Ventures's Interest Expense for the three months ended in Jun. 2024 was ₱ -0.1 Mil. Altus Property Ventures's Interest Coverage for the quarter that ended in Jun. 2024 was 499.29. 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.

Altus Property Ventures Interest Expense Historical Data

The historical data trend for Altus Property Ventures'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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Altus Property Ventures Interest Expense Chart

Altus Property Ventures Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.30

-0.24

-0.12

-0.23

-0.26

Altus Property Ventures Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.08	-0.07	-0.07	-0.07

Altus Property Ventures 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-0.3 Mil.

Altus Property Ventures (PHS:APVI) 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.

Altus Property Ventures's Interest Expense for the three months ended in Jun. 2024 was ₱-0.1 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₱32.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₱0.0 Mil.

Altus Property Ventures's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	32.454	/	-0.065
	=	499.29

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Altus Property Ventures Inc has no debt.

Altus Property Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Property Ventures Inc (PHS:APVI) » Definitions » Interest Expense

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Address

National Highway, Barangay 1, San Francisco, San Nicolas, Ilocos Norte, Laoag, PHL, 2901

Website

https://www.altuspropertyventures.com.ph

Altus Property Ventures Inc is engaged in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of real estate properties and property development of all kinds and nature. The company currently derives all its revenues from the mall it owns and operates referred to as Robinsons Place Ilocos (North Wing).

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