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GuruFocus has detected 10 Warning Signs with Griffin Industrial Realty Inc \$GRIF.
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Griffin Industrial Realty Inc (NAS:GRIF)
Interest Expense
\$-4.77 Mil (TTM As of Feb. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Griffin Industrial Realty Inc's interest expense for the three months ended in Feb. 2017 was \$-1.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2017 was \$-4.77 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. Griffin Industrial Realty Inc's Operating Income for the three months ended in Feb. 2017 was \$-0.09 Mil. Griffin Industrial Realty Inc's Interest Expense for the three months ended in Feb. 2017 was \$-1.31 Mil. Griffin Industrial Realty Inc did not have earnings to cover the interest expense. 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.

Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Griffin Industrial Realty Inc Interest Expense for the trailing twelve months (TTM) ended in Feb. 2017 was -1.062 (May. 2016 ) + -1.162 (Aug. 2016 ) + -1.23 (Nov. 2016 ) + -1.313 (Feb. 2017 ) = \$-4.77 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Griffin Industrial Realty Inc's interest expense for the three months ended in Feb. 2017 was \$-1.31 Mil. Its operating income for the three months ended in Feb. 2017 was \$-0.09 Mil. And its Long-Term Debt for the three months ended in Feb. 2017 was \$108.96 Mil.

Griffin Industrial Realty Inc's Interest Coverage for the quarter that ended in Feb. 2017 is calculated as

 Griffin Industrial Realty Inc did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Griffin Industrial Realty Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Griffin Industrial Realty Inc Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Interest Expense -3.15 -3.26 -3.52 -4.46 -4.17 -3.53 -3.85 -3.53 -3.67 -4.55

Griffin Industrial Realty Inc Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 Interest Expense -0.86 -0.93 -0.92 -0.80 -1.03 -1.09 -1.06 -1.16 -1.23 -1.31
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