DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) Interest Coverage : 3.84 (As of Sep. 2023)

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What is DEMIRE Deutsche Mittelstand Real Estate AG 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. DEMIRE Deutsche Mittelstand Real Estate AG's Operating Income for the three months ended in Sep. 2023 was €16.5 Mil. DEMIRE Deutsche Mittelstand Real Estate AG's Interest Expense for the three months ended in Sep. 2023 was €-4.3 Mil. DEMIRE Deutsche Mittelstand Real Estate AG's interest coverage for the quarter that ended in Sep. 2023 was 3.84. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage or its related term are showing as below:

XTER:DMRE' s Interest Coverage Range Over the Past 10 Years
Min: 0.38 Med: 1.43 Max: 3.09
Current: 0.47

XTER:DMRE's Interest Coverage is ranked worse than
93.05% of 1339 companies
in the Real Estate industry
Industry Median: 4 vs XTER:DMRE: 0.47

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

DEMIRE Deutsche Mittelstand Real Estate AG Interest Coverage Historical Data

The historical data trend for DEMIRE Deutsche Mittelstand Real Estate AG'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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DEMIRE Deutsche Mittelstand Real Estate AG Interest Coverage Chart

DEMIRE Deutsche Mittelstand Real Estate AG Annual Data

Trend

Mar13

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

1.47

1.42

2.88

3.09

1.44

DEMIRE Deutsche Mittelstand Real Estate AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															3.18	-	2.59	-	3.84

Competitive Comparison of DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage

For the Real Estate Services subindustry, DEMIRE Deutsche Mittelstand Real Estate AG'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.

DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage falls into.

DEMIRE Deutsche Mittelstand Real Estate AG 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.

DEMIRE Deutsche Mittelstand Real Estate AG'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, DEMIRE Deutsche Mittelstand Real Estate AG's Interest Expense was €-19.3 Mil. Its Operating Income was €27.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €26.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	27.758	/	-19.296
	=	1.44

DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, DEMIRE Deutsche Mittelstand Real Estate AG's Interest Expense was €-4.3 Mil. Its Operating Income was €16.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €25.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	16.457	/	-4.287
	=	3.84

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

DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) 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 .

DEMIRE Deutsche Mittelstand Real Estate AG Interest Coverage Related Terms

Thank you for viewing the detailed overview of DEMIRE Deutsche Mittelstand Real Estate AG's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DMRE:Germany DMRE:Germany

Address

Robert-Bosch-Straße 11, Langen, Frankfurt, DEU, D-63225

Website

https://www.demire.ag

DEMIRE Deutsche Mittelstand Real Estate AG is a Germany-based commercial real estate company. It focuses on German real estate market and is an investor and property holder in the segment for secondary locations where its activities include acquisition management and rental of commercial properties. The company concentrates on office, retail, hotel and logistics, real estate and owns properties in medium-sized cities and locations bordering metropolitan areas across Germany, such as in the Munich, Freiburg, Rostock, Dusseldorf, Bonn, Hamburg, Berlin and Dresden areas. The Company's particular strength lies in realizing the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants.

DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) Headlines

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