Intercontinental International Real Estate Investment Co (ATH:INTERCO) Interest Coverage : 1.32 (As of Jun. 2023)

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What is Intercontinental International Real Estate Investment Co Interest Coverage?

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 by its Interest Expense. Intercontinental International Real Estate Investment Co's Operating Income for the six months ended in Jun. 2023 was €1.30 Mil. Intercontinental International Real Estate Investment Co's Interest Expense for the six months ended in Jun. 2023 was €-0.99 Mil. Intercontinental International Real Estate Investment Co's interest coverage for the quarter that ended in Jun. 2023 was 1.32. 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. Intercontinental International Real Estate Investment Co SA interest coverage is 2.53, which is low.

The historical rank and industry rank for Intercontinental International Real Estate Investment Co's Interest Coverage or its related term are showing as below:

ATH:INTERCO' s Interest Coverage Range Over the Past 10 Years
Min: 2.34 Med: 8.29 Max: 28.5
Current: 2.53

ATH:INTERCO's Interest Coverage is ranked worse than
57.7% of 669 companies
in the REITs industry
Industry Median: 2.95 vs ATH:INTERCO: 2.53

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Intercontinental International Real Estate Investment Co Interest Coverage Historical Data

The historical data trend for Intercontinental International Real Estate Investment Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Intercontinental International Real Estate Investment Co Interest Coverage Chart

Intercontinental International Real Estate Investment Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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16.87

17.87

28.50

2.34

3.48

Intercontinental International Real Estate Investment Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial												5.08	-	1.82	5.36	1.32

Competitive Comparison of Intercontinental International Real Estate Investment Co's Interest Coverage

For the REIT - Diversified subindustry, Intercontinental International Real Estate Investment Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Intercontinental International Real Estate Investment Co's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Intercontinental International Real Estate Investment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Intercontinental International Real Estate Investment Co's Interest Coverage falls into.

Intercontinental International Real Estate Investment Co Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Intercontinental International Real Estate Investment Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Intercontinental International Real Estate Investment Co's Interest Expense was €-0.91 Mil. Its Operating Income was €3.17 Mil. And its Long-Term Debt & Capital Lease Obligation was €36.17 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	3.165	/	-0.909
	=	3.48

Intercontinental International Real Estate Investment Co's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Intercontinental International Real Estate Investment Co's Interest Expense was €-0.99 Mil. Its Operating Income was €1.30 Mil. And its Long-Term Debt & Capital Lease Obligation was €35.40 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1.302	/	-0.99
	=	1.32

The higher the ratio, the stronger the company's Financial Strength is.

Intercontinental International Real Estate Investment Co (ATH:INTERCO) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Intercontinental International Real Estate Investment Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Intercontinental International Real Estate Investment Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Intercontinental International Real Estate Investment Co (ATH:INTERCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Intercontinental International Real Estate Investment Co SA (ATH:INTERCO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

26, Rigillis, Palace, 3rd Floor, Athens, GRC, 10674

Website

http://www.ici-reic.com

Intercontinental International Real Estate Investment Co SA is a real estate investment company. The company's investments in real estate include owned land plots and buildings that are used mostly as offices and retail shops.

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