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Sonida Senior Living (Sonida Senior Living) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Sonida Senior Living 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. Sonida Senior Living's Operating Income for the three months ended in Dec. 2023 was $-4.5 Mil. Sonida Senior Living's Interest Expense for the three months ended in Dec. 2023 was $-9.7 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sonida Senior Living's Interest Coverage or its related term are showing as below:


SNDA's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 9.145
* Ranked among companies with meaningful Interest Coverage only.

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


Sonida Senior Living Interest Coverage Historical Data

The historical data trend for Sonida Senior Living'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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Sonida Senior Living Interest Coverage Chart

Sonida Senior Living Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Sonida Senior Living Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Sonida Senior Living's Interest Coverage

For the Medical Care Facilities subindustry, Sonida Senior Living'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.


Sonida Senior Living's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sonida Senior Living's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sonida Senior Living's Interest Coverage falls into.



Sonida Senior Living 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.

Sonida Senior Living'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, Sonida Senior Living's Interest Expense was $-36.1 Mil. Its Operating Income was $-15.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $587.1 Mil.

Sonida Senior Living did not have earnings to cover the interest expense.

Sonida Senior Living's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sonida Senior Living's Interest Expense was $-9.7 Mil. Its Operating Income was $-4.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $587.1 Mil.

Sonida Senior Living did not have earnings to cover the interest expense.

* 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.


Sonida Senior Living  (NYSE:SNDA) 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 .


Sonida Senior Living Interest Coverage Related Terms

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


Sonida Senior Living (Sonida Senior Living) Business Description

Traded in Other Exchanges
Address
16301 Quorum Drive, Suite 160A, Addison, TX, USA, 75001
Sonida Senior Living Inc is an owner-operator of senior housing communities in the United States in terms of resident capacity. The company provides senior living services to the elderly, including independent living, assisted living, Respite Care and Temporary Care Programs, Home Care Services, and memory care services. Its objective is to provide value to residents by providing quality senior housing services at reasonable prices. The basic service of the company is comprised of meals, housekeeping, laundry, 24-hour staffing, transportation, social and recreational activities, and healthcare monitoring.
Executives
Ortelius Advisors, L.p. 10 percent owner 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Timothy Cober officer: See Remarks 16301 QUORUM DRIVE, SUITE 160A, ADDISON TX 75001
Sam Levinson 10 percent owner 9190 PRIORITY WAY WEST DRIVE, SUITE 300, INDIANAPOLIS IN 46240
Reanae Clark officer: See remarks 14755 PRESTON ROAD, SUITE 810, DALLAS TX 75254
Michael Karicher officer: See Remarks 16301 QUORUM DRIVE, SUITE 160A, ADDISON TX 75001
Noah Beren director C/O GF INVESTMENTS, 810 7TH AVE., 28TH FLOOR, NEW YORK NY 10019
Shmuel Lieberman director C/O GF INVESTMENTS, 810 7TH AVE 28TH FLOOR, NEW YORK NY 10019
Hudson Investors, Ltd. 10 percent owner 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Ortelius Capital Partners, Llc 10 percent owner 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Kevin Detz officer: Chief Financial Officer 16301 QUORUM DRIVE, SUITE 160A, ADDISON TX 75001
Howard Steven Garfield officer: Chief Accounting Officer 15601 DALLAS PARKWAY, SUITE 600, ADDISON TX 75001
Benjamin P Harris director WP CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Conversant Gp Holdings Llc director, 10 percent owner 90 PARK AVENUE 32ND FLOOR, NEW YORK NY 10016
Conversant Dallas Parkway (a) Lp director, 10 percent owner CONVERSANT DALLAS PARKWAY (A) LP, 25 DEFOREST AVENUE, SUMMIT NJ 07901
Conversant Dallas Parkway (b) Lp director, 10 percent owner CONVERSANT DALLAS PARKWAY (B) LP, 25 DEFOREST AVENUE, SUMMIT NJ 07901