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Gyrodyne Company of America (NAS:GYRO)
Interest Coverage
0.00 (As of Jun. 2014)

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. Gyrodyne Company of America's Operating Income for the three months ended in Jun. 2014 was $-1.11 Mil. Gyrodyne Company of America's Interest Expense for the three months ended in Jun. 2014 was $-0.20 Mil. Gyrodyne Company of America's interest coverage for the quarter that ended in Jun. 2014 was 0.00. The higher the ratio, the stronger the company’s financial strength is.

GYRO' s 10-Year Interest Coverage Range
Min: 0.24   Max: 9999.99
Current: 0

0.24
9999.99

During the past 13 years, the highest interest coverage of Gyrodyne Company of America was 9999.99. The lowest was 0.24. And the median was 0.44.

GYRO's Interest Coverageis ranked lower than
77% of the 553 Companies
in the Global REIT - Office industry.

( Industry Median: 2.43 vs. GYRO: 0.00 )

Definition

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

Gyrodyne Company of America did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt is 0, or Interest Expense is positive, then

Gyrodyne Company of America had no debt.

Gyrodyne Company of America's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Gyrodyne Company of America's Interest Expense was $-0.01 Mil. Its Operating Income was $-15.73 Mil. And its Long-Term Debt was $0.00 Mil.

Gyrodyne Company of America did not have earnings to cover the interest expense.

Gyrodyne Company of America's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Here, for the three months ended in Jun. 2014, Gyrodyne Company of America's Interest Expense was $-0.20 Mil. Its Operating Income was $-1.11 Mil. And its Long-Term Debt was $0.00 Mil.

Gyrodyne Company of America did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


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.


Related Terms

Operating Income, Interest Expense, Financial Strength


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Gyrodyne Company of America Annual Data

Apr04Apr05Apr06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
interest_coverage At LossAt LossNo DebtAt LossAt LossAt Loss0.240.34At LossAt Loss

Gyrodyne Company of America Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
interest_coverage 0.16At LossAt LossAt LossAt LossNo DebtNo DebtNo DebtAt LossAt Loss
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