GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CatchMark Timber Trust Inc (NYSE:CTT) » Definitions » Interest Coverage

CatchMark Timber Trust (CatchMark Timber Trust) Interest Coverage : 0 (At Loss) (As of Jun. 2022)


View and export this data going back to 2013. Start your Free Trial

What is CatchMark Timber Trust 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. CatchMark Timber Trust's Operating Income for the three months ended in Jun. 2022 was $-2.09 Mil. CatchMark Timber Trust's Interest Expense for the three months ended in Jun. 2022 was $-2.78 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for CatchMark Timber Trust's Interest Coverage or its related term are showing as below:

CTT' s Interest Coverage Range Over the Past 10 Years
Min: 0.08   Med: 0.29   Max: 1.18
Current: 0.76


CTT's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.98 vs CTT: 0.76

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


CatchMark Timber Trust Interest Coverage Historical Data

The historical data trend for CatchMark Timber Trust'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.

CatchMark Timber Trust Interest Coverage Chart

CatchMark Timber Trust Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.08 0.29 0.11 0.94

CatchMark Timber Trust Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 1.28 0.99 0.82 2.08 -

Competitive Comparison of CatchMark Timber Trust's Interest Coverage

For the REIT - Specialty subindustry, CatchMark Timber Trust'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.


CatchMark Timber Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CatchMark Timber Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CatchMark Timber Trust's Interest Coverage falls into.



CatchMark Timber Trust 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.

CatchMark Timber Trust's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, CatchMark Timber Trust's Interest Expense was $-12.68 Mil. Its Operating Income was $11.86 Mil. And its Long-Term Debt & Capital Lease Obligation was $300.95 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*11.864/-12.679
=0.94

CatchMark Timber Trust's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, CatchMark Timber Trust's Interest Expense was $-2.78 Mil. Its Operating Income was $-2.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $301.03 Mil.

CatchMark Timber Trust did not have earnings to cover the interest expense.

* 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.


CatchMark Timber Trust  (NYSE:CTT) 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 .


CatchMark Timber Trust Interest Coverage Related Terms

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


CatchMark Timber Trust (CatchMark Timber Trust) Business Description

Traded in Other Exchanges
N/A
Address
5 Concourse Parkway, Suite 2650, Atlanta, GA, USA, 30328
CatchMark Timber Trust Inc is a United States-based real estate investment trust. The company acquires, owns, operates, manages, and disposes of timberland properties. The company's operating segments are Harvest, Real Estate, and Investment Management. The majority of its revenue comes from the Harvest segment, which includes wholly-owned timber assets and associated timber sales.
Executives
Brian M Davis officer: Senior VP and CFO 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
Ursula Godoy-arbelaez officer: CFO, SVP and Treasurer 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
James M Decosmo director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Tim E Bentsen director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Donald S Moss director 9165 ETCHING OVERLOOK, DULUTH GA 30097
Henry G Zigtema director 2620 FLINT CREEK DRIVE CUMMING GA 30041
Jerry Barag officer: President & CEO 427 LANGLEY OAK DRIVE MARIETTA GA 30067
Todd Reitz officer: SVP, Forest Resources 4870 HANSARD DR CUMMING GA 30040
Paul S Fisher director
Lesley H Solomon officer: General Counsel 1666 DUNCAN DRIVE ATLANTA GA 30318
Mary E Mcbride director 6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Douglas Rubenstein director C/O CATCHMARK TIMBER TRUST INC. 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
John F Rasor officer: COO and Secretary
Willis J Potts director C/O CATCHMARK TIMBER TRUST, INC. 5 CONCOURSE PARKWAY, SUITE 2650 ATLANTA GA 30328
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128