UNITE Group (UNITE Group) Interest Coverage : 3.95 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is UNITE Group 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. UNITE Group's Operating Income for the six months ended in Dec. 2023 was $70.5 Mil. UNITE Group's Interest Expense for the six months ended in Dec. 2023 was $-17.8 Mil. UNITE Group's interest coverage for the quarter that ended in Dec. 2023 was 3.95. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for UNITE Group's Interest Coverage or its related term are showing as below:

UTGPF' s Interest Coverage Range Over the Past 10 Years
Min: 1.47 Med: 2.95 Max: 4.86
Current: 4.86

UTGPF's Interest Coverage is ranked better than
67.67% of 665 companies
in the REITs industry
Industry Median: 2.94 vs UTGPF: 4.86

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

UNITE Group Interest Coverage Historical Data

The historical data trend for UNITE Group'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.

UNITE Group Interest Coverage Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.93

2.16

3.47

3.60

4.86

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.83	4.97	2.64	5.59	3.95

Competitive Comparison of UNITE Group's Interest Coverage

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where UNITE Group's Interest Coverage falls into.

UNITE Group 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.

UNITE Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, UNITE Group's Interest Expense was $-40.3 Mil. Its Operating Income was $195.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,089.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	195.823	/	-40.253
	=	4.86

UNITE Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, UNITE Group's Interest Expense was $-17.8 Mil. Its Operating Income was $70.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,089.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	70.506	/	-17.848
	=	3.95

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

UNITE Group (OTCPK:UTGPF) 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 .

UNITE Group Interest Coverage Related Terms

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

UNITE Group (UNITE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (OTCPK:UTGPF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.