Columbia Property Trust (Columbia Property Trust) Interest Coverage : 0.56 (As of Sep. 2021)

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What is Columbia Property Trust 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. Columbia Property Trust's Operating Income for the three months ended in Sep. 2021 was $4.1 Mil. Columbia Property Trust's Interest Expense for the three months ended in Sep. 2021 was $-7.3 Mil. Columbia Property Trust's interest coverage for the quarter that ended in Sep. 2021 was 0.56. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Columbia Property Trust Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Columbia Property Trust's Interest Coverage or its related term are showing as below:

CXP' s Interest Coverage Range Over the Past 10 Years
Min: 0.48 Med: 1.03 Max: 1.69
Current: 0.48

CXP's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.97 vs CXP: 0.48

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

Columbia Property Trust Interest Coverage Historical Data

The historical data trend for Columbia Property Trust'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.

Columbia Property Trust Interest Coverage Chart

Columbia Property Trust Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Coverage

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1.47

0.81

1.02

1.21

1.03

Columbia Property Trust Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Coverage	Get a 7-Day Free Trial															1.44	0.23	0.40	0.75	0.56

Competitive Comparison of Columbia Property Trust's Interest Coverage

For the REIT - Office subindustry, Columbia Property Trust'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.

Columbia Property Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Columbia Property Trust's Interest Coverage falls into.

Columbia Property Trust 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.

Columbia Property Trust's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Columbia Property Trust's Interest Expense was $-37.4 Mil. Its Operating Income was $38.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,146.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2020 )	/	Interest Expense (A: Dec. 2020 )
	=	-1	*	38.561	/	-37.439
	=	1.03

Columbia Property Trust's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Columbia Property Trust's Interest Expense was $-7.3 Mil. Its Operating Income was $4.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,146.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	4.07	/	-7.314
	=	0.56

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

Columbia Property Trust (NYSE:CXP) 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 .

Columbia Property Trust Interest Coverage Related Terms

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

Columbia Property Trust (Columbia Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Columbia Property Trust Inc (NYSE:CXP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Park Avenue South, New York, NY, USA, 10010

Website

http://www.columbia.reit

Columbia Property Trust Inc is a real estate investment trust engaged in acquiring, developing, and leasing office properties in large metropolitan areas throughout the United States. In terms of total square footage, the company's real estate portfolio is primarily composed of offices in San Francisco, Atlanta, New York City, Cleveland, and Houston. Columbia Property also derives most of its total revenue in the form of rental income from these same cities. The company's largest office tenants are legal services firms, business services companies, depository institutions, and securities and commodities brokers. These industries contribute the majority of Columbia's total rent revenue.

Executives

Thomas G Wattles	director	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Wentworth Francis X. Jr.	director	315 PARK AVENUE SOUTH NEW YORK NY 10010
Michael S. Robb	director	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
Murray J. Mccabe	director	1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
John L. Dixon	director	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Carmen M Bowser	director	1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
David Henry	director	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
E Nelson Mills	director, officer: President & CEO	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
Kevin A. Hoover	officer: EVP Portfolio Management	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
Jeffrey K. Gronning	officer: Chief Investment Officer	315 PARK AVENUE SOUTH NEW YORK NY 10010
James A Fleming	officer: EVP, Chief Financial Officer	1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
Wendy W Gill	officer: SVP, Corp Ops & CAO	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
George W Sands	director	1170 PEACHTREE STREET SUITE 600 ATLANTA GA 30309
David S Dowdney	officer: SVP, Head of Leasing	1170 PEACHTREE STREET NE SUITE 600 ATLANTA GA 30309