New England Realty Associates LP (New England Realty Associates LP) Interest Coverage

: 1.45 (As of Dec. 2023)

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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. New England Realty Associates LP's Operating Income for the three months ended in Dec. 2023 was $5.70 Mil. New England Realty Associates LP's Interest Expense for the three months ended in Dec. 2023 was $-3.94 Mil. New England Realty Associates LP's interest coverage for the quarter that ended in Dec. 2023 was 1.45. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New England Realty Associates LP interest coverage is 1.26, which is low.

The historical rank and industry rank for New England Realty Associates LP's Interest Coverage or its related term are showing as below:

NEN' s Interest Coverage Range Over the Past 10 Years
Min: 1.05 Med: 1.23 Max: 1.42
Current: 1.26

NEN's Interest Coverage is ranked worse than
82.17% of 1352 companies
in the Real Estate industry
Industry Median: 3.995 vs NEN: 1.26

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

New England Realty Associates LP Interest Coverage Historical Data

The historical data trend for New England Realty Associates LP'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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New England Realty Associates LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.42

1.09

1.05

1.20

1.26

New England Realty Associates LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.29	1.14	1.21	1.24	1.45

Competitive Comparison

For the Real Estate Services subindustry, New England Realty Associates LP'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.

New England Realty Associates LP Interest Coverage Distribution

For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where New England Realty Associates LP's Interest Coverage falls into.

New England Realty Associates LP 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.

New England Realty Associates LP'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, New England Realty Associates LP's Interest Expense was $-15.72 Mil. Its Operating Income was $19.79 Mil. And its Long-Term Debt & Capital Lease Obligation was $408.66 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	19.786	/	-15.724
	=	1.26

New England Realty Associates LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, New England Realty Associates LP's Interest Expense was $-3.94 Mil. Its Operating Income was $5.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $408.66 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5.697	/	-3.942
	=	1.45

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

New England Realty Associates LP (AMEX:NEN) 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 .

New England Realty Associates LP Interest Coverage Related Terms

Thank you for viewing the detailed overview of New England Realty Associates LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

New England Realty Associates LP (New England Realty Associates LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New England Realty Associates LP (AMEX:NEN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Brighton Avenue, Allston, MA, USA, 02134

Website

https://www.thehamiltoncompany.com

New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.

Executives

Jameson Pruitt Brown	director, officer: Treasurer	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02360
Ronald Brown	officer: President	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02134
Carl Anthony Valeri	other: 5% Owner, Asset Manager	50 UDINE STREET, ARLINGTON MA 02476
Harold Brown	director, 10 percent owner, officer: Treas. & Dir. of Gen. Ptnr NEN	39 BRIGHTON AVE, ALLSTON MA 02134
1999 Revocable Trust	10 percent owner	C/O NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02025
Nera 1994 Irrevocable Trust	10 percent owner, officer: Treasurer	C/O LANE AITMAN & OWENS, 101 FEDERAL STREET, BOSTON MA 02110
David R Jarvis	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Real Estate Securities Offshore Fund, Ltd.	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Silvercreek Sav Llc	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Special Situations Offshore Fund Ltd	10 percent owner	P O BOX 3460 RD TOWN, TORTOLA BVI E9 00000
Maclean Malcolm F Iv	10 percent owner	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Mercury Real Estate Securities Fund Lp	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Mayfair Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830
Mercury Special Situations Fund L P	10 percent owner	100 FIELD POINT RD, GREENWICH CT 06830
Mercury Securities Ii Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830