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Chambers Street Properties (Chambers Street Properties) Interest Coverage : 1.55 (As of Jun. 2018)


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What is Chambers Street Properties 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. Chambers Street Properties's Operating Income for the three months ended in Jun. 2018 was $39.6 Mil. Chambers Street Properties's Interest Expense for the three months ended in Jun. 2018 was $-25.6 Mil. Chambers Street Properties's interest coverage for the quarter that ended in Jun. 2018 was 1.55. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Chambers Street Properties's Interest Coverage or its related term are showing as below:

CSG' s Interest Coverage Range Over the Past 10 Years
Min: 0.52   Med: 0.92   Max: 6.09
Current: 1.45


CSG's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.98 vs CSG: 1.45

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


Chambers Street Properties Interest Coverage Historical Data

The historical data trend for Chambers Street Properties'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.

* Premium members only.

Chambers Street Properties Interest Coverage Chart

Chambers Street Properties Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 6.09 0.87 1.68 1.71 1.41

Chambers Street Properties Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.25 1.49 1.52 1.55

Competitive Comparison of Chambers Street Properties's Interest Coverage

For the REIT - Industrial subindustry, Chambers Street Properties'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.


Chambers Street Properties's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Chambers Street Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chambers Street Properties's Interest Coverage falls into.



Chambers Street Properties 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.

Chambers Street Properties's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Chambers Street Properties's Interest Expense was $-96.9 Mil. Its Operating Income was $136.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,865.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2017 )/Interest Expense (A: Dec. 2017 )
=-1*136.738/-96.852
=1.41

Chambers Street Properties's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, Chambers Street Properties's Interest Expense was $-25.6 Mil. Its Operating Income was $39.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,886.3 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2018 )/Interest Expense (Q: Jun. 2018 )
=-1*39.62/-25.597
=1.55

* 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.


Chambers Street Properties  (NYSE:CSG) 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 .


Chambers Street Properties Interest Coverage Related Terms

Thank you for viewing the detailed overview of Chambers Street Properties's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Chambers Street Properties (Chambers Street Properties) Business Description

Traded in Other Exchanges
N/A
Address
Gramercy Property Trust is a real estate investment trust engaged in acquisition and management of single-tenant industrial, office, and specialty properties in the U.S. and Europe. In terms of total value, the vast majority of the company's real estate portfolio is split between offices and industrial properties, such as warehouses and distribution centers, located in urban markets throughout the U.S. Gramercy Property derives nearly all of its income in the form of rental revenue from tenants signed to medium- to long-term leases. The company's assets are fairly evenly dispersed between America's large metropolitan areas, such as Dallas, Los Angeles, New York, and Chicago. Gramercy's major tenants include firms from the financial, healthcare, consumer product, and technology industries.
Executives
Gregory F Hughes director
Charles E Black director 101 W. BROADWAY, SUITE 840, SAN DIEGO CA 92101
Allan Baum director 126 PIERREPONT STREET #3, BROOKLYN NY 11201
Louis P Salvatore director 7 SYLVAN WAY, PARSIPPANY NJ 07054
Jeffrey E Kelter director C/O JACK CREEK INVESTMENT CORP., 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
James L Francis director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Z Jamie Behar director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Thomas D Eckert director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Gordon F Dugan director, officer: Chief Executive Officer 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Matey Edward J Jr officer: EVP, Secretary + Gen. Counsel
Benjamin P Harris officer: President WP CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Jon W. Clark officer: Chief Financial Officer 420 LEXINGTON AVE., NEW YORK NY 10170
Nicholas L. Pell officer: Chief Investment Officer 521 5TH AVENUE, 30TH FLOOR, NEW YORK NY 10175
Martin A Reid director, officer: Interim President & CEO, & CFO 1929 WEST JOPPA ROAD, RUXTON MD 21204
Philip L Kianka officer: COO & Executive VP 17 HULFISH STREET, SUITE 280, PRINCETON NJ 08542