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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Interest Coverage : 2.41 (As of Dec. 2021)


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What is Monmouth Real Estate Investment 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. Monmouth Real Estate Investment's Operating Income for the three months ended in Dec. 2021 was $23.7 Mil. Monmouth Real Estate Investment's Interest Expense for the three months ended in Dec. 2021 was $-9.8 Mil. Monmouth Real Estate Investment's interest coverage for the quarter that ended in Dec. 2021 was 2.41. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Monmouth Real Estate Investment's Interest Coverage or its related term are showing as below:

MNR' s Interest Coverage Range Over the Past 10 Years
Min: 1.75   Med: 2.04   Max: 2.37
Current: 2.37


MNR's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.98 vs MNR: 2.37

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


Monmouth Real Estate Investment Interest Coverage Historical Data

The historical data trend for Monmouth Real Estate Investment'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.

Monmouth Real Estate Investment Interest Coverage Chart

Monmouth Real Estate Investment Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.21 2.09 2.07 2.25 2.37

Monmouth Real Estate Investment Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 2.37 2.42 2.33 2.34 2.41

Competitive Comparison of Monmouth Real Estate Investment's Interest Coverage

For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.


Monmouth Real Estate Investment's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Monmouth Real Estate Investment's Interest Coverage falls into.



Monmouth Real Estate Investment 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.

Monmouth Real Estate Investment's Interest Coverage for the fiscal year that ended in Sep. 2021 is calculated as

Here, for the fiscal year that ended in Sep. 2021, Monmouth Real Estate Investment's Interest Expense was $-37.9 Mil. Its Operating Income was $89.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,082.2 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2021 )/Interest Expense (A: Sep. 2021 )
=-1*89.934/-37.88
=2.37

Monmouth Real Estate Investment's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Here, for the three months ended in Dec. 2021, Monmouth Real Estate Investment's Interest Expense was $-9.8 Mil. Its Operating Income was $23.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,108.7 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2021 )/Interest Expense (Q: Dec. 2021 )
=-1*23.692/-9.822
=2.41

* 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.


Monmouth Real Estate Investment  (NYSE:MNR) 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 .


Monmouth Real Estate Investment Interest Coverage Related Terms

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


Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description

Traded in Other Exchanges
N/A
Address
101 Crawfords Corner Road, Suite 1405, Holmdel, NJ, USA, 07733
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
Executives
Katie Traks officer: Controller 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Michael P Landy director, officer: President and CEO 3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Kevin S. Miller director, officer: Chief Financial Officer 65 SANDPIPER DRIVE MANALAPAN NJ 07726
Samuel A Landy director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Matthew I Hirsch director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Eugene W Landy director, officer: Chairman of the Board 3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728
Neal Herstik director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Daniel D Cronheim director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Catherine B. Elflein director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Brian Haimm director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Gregory Thomas Otto director 3499 ROUTE 9 NORTH SUITE 3D FREEHOLD NJ 07728
Kiernan Conway director 3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Sonal Pande director 101 CRAWFORDS CORNER ROAD SUITE 1405 HOLMDEL NJ 07733
Michael D Prashad officer: General Counsel 101 CRAWFORDS CORNER ROAD HOLMDEL NJ 07733