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Gadsden Properties (FRA:LA9N) Interest Coverage : 0 (At Loss) (As of Jun. 2019)


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What is Gadsden 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. Gadsden Properties's Operating Income for the three months ended in Jun. 2019 was €-1.80 Mil. Gadsden Properties's Interest Expense for the three months ended in Jun. 2019 was €-1.06 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 Gadsden Properties's Interest Coverage or its related term are showing as below:


FRA:LA9N's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.92
* Ranked among companies with meaningful Interest Coverage only.

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


Gadsden Properties Interest Coverage Historical Data

The historical data trend for Gadsden 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.

Gadsden Properties Interest Coverage Chart

Gadsden Properties Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
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Gadsden Properties Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 - - N/A - -

Competitive Comparison of Gadsden Properties's Interest Coverage

For the REIT - Diversified subindustry, Gadsden 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.


Gadsden Properties's Interest Coverage Distribution in the REITs Industry

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

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



Gadsden 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.

Gadsden Properties's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Gadsden Properties's Interest Expense was €0.00 Mil. Its Operating Income was €-3.40 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.40 Mil.

GuruFocus does not calculate Gadsden Properties's interest coverage with the available data.

Gadsden Properties's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Here, for the three months ended in Jun. 2019, Gadsden Properties's Interest Expense was €-1.06 Mil. Its Operating Income was €-1.80 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.09 Mil.

Gadsden Properties 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.


Gadsden Properties  (FRA:LA9N) 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 .


Gadsden Properties Interest Coverage Related Terms

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Gadsden Properties (FRA:LA9N) Business Description

Traded in Other Exchanges
N/A
Address
15150 North Hayden Road, Suite 235, Scottsdale, AZ, USA, 85260
Gadsden Properties Inc is the United States-based real estate investment trust company. It is focused on real estate development and asset management, concentrating on investments in, and the management and development of, income-producing real estate assets. It intends to target assets in secondary and tertiary markets with assets that require minimal capital expenditures. The company is focused on retail and mixed-use properties in secondary and tertiary markets across the United States.

Gadsden Properties (FRA:LA9N) Headlines

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