What is Resource America Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resource America's interest expense for the
three
months ended in Jun. 2016 was $ -0.43 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Jun. 2016 was $-1.77 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. Resource America's Operating Income for the
three
months ended in Jun. 2016 was $ 1.81 Mil. Resource America's Interest Expense for the
three
months ended in Jun. 2016 was $ -0.43 Mil.
Resource America's Interest Coverage for the quarter that ended in Jun. 2016 was 4.18.
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.
Resource America 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.77 Mil.
* 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.
Resource America (NAS:REXI) Interest Expense 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.
Resource America's Interest Expense for the
three
months ended in Jun. 2016 was $-0.43 Mil. Its
Operating Income
for the
three
months ended in Jun. 2016 was $1.81 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Jun. 2016 was $20.27 Mil.
Resource America's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Resource America (Resource America) Business Description
Traded in Other Exchanges
N/A
Address
Resource America Inc is Delaware Corporation. It is an asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its real estate, commercial finance and financial fund management subsidiaries. As a specialized asset manager, it develops investment funds for outside investors for which the Company provides asset management services, typically under long-term management arrangements either through a contract with, or as the manager or general partner of, its sponsored investment funds. In its real estate segment, it focuses on acquiring and managing a diversified portfolio of commercial real estate and real estate related debt that has been significantly discounted due to the effects of current economic conditions and high levels of leverage. In its financial fund management segment, it focuses on the he sponsorship and management of issuers of collateralized loan and debt obligations. The Company has operations in New York, Philadelphia, Los Angeles, London, Singapore and Sydney. In its real estate operations, the Company concentrates on the ownership, operation and management of multifamily and commercial real estate and real estate mortgage loans including whole mortgage loans, first priority interests in commercial mortgage loans, known as A notes, subordinated interests in first mortgage loans, known as B notes, mezzanine loans, investments in discounted and distressed real estate loans and investments in value-added properties. The Company faces competition from other asset holding companies in various areas.
Executives
| Michael J Bradley |
director |
1370 SOUTH LEOPARD ROAD, BERWYN PA 19312 |
| Richard Jr Reiss |
director |
1001 PARK AVE, NEW YORK NY 10028 |
| Jeffrey F Brotman |
officer: Executive Vice President |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Jeffrey D Blomstrom |
officer: Senior Vice President |
C/O RESOURCE AMERICA, INC., 717 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
| Thomas C Elliott |
officer: SVP & CFO |
1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103 |
| Hersh Kozlov |
director |
WOLF BLOCK SCHORR & SOLIS, 1940 RTE 70 E, CHERRY HILL NJ 08003 |
| Carlos C Campbell |
director |
C/O 1845 WALNUT STREET 10TH FLOOR PHILADELPHIA PA 19103 |
| Edward E Cohen |
director |
RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103 |
| Jonathan Z Cohen |
director, officer: CEO & President |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Leon G Cooperman |
10 percent owner |
7118 MELROSE CASTLE LANE, BOCA RATON FL 33496 |
| Robert L Lerner |
director |
C/O DPT CAPITAL MANAGEMENT, LLC 213 NASSAU STREET PRINCETON NJ 08542 |
| Raging Capital Management, Llc |
10 percent owner |
TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228 |
| Raging Capital Master Fund, Ltd. |
10 percent owner |
C/O OGIER FIDUCIARY SERVICES (CAYMAN), 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY 1-9007 |
| William C Martin |
10 percent owner |
C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553 |
| Raging Capital Fund (qp), Lp |
other: See explanation of responses |
TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08853 |
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