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Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Interest Coverage : 0.19 (As of Dec. 2023)


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What is Kennedy-Wilson Holdings 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. Kennedy-Wilson Holdings's Operating Income for the three months ended in Dec. 2023 was $12.4 Mil. Kennedy-Wilson Holdings's Interest Expense for the three months ended in Dec. 2023 was $-66.7 Mil. Kennedy-Wilson Holdings's interest coverage for the quarter that ended in Dec. 2023 was 0.19. 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. Kennedy-Wilson Holdings 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 Kennedy-Wilson Holdings's Interest Coverage or its related term are showing as below:

KW' s Interest Coverage Range Over the Past 10 Years
Min: 0.03   Med: 0.14   Max: 0.21
Current: 0.21


KW's Interest Coverage is ranked worse than
97.63% of 1351 companies
in the Real Estate industry
Industry Median: 3.96 vs KW: 0.21

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


Kennedy-Wilson Holdings Interest Coverage Historical Data

The historical data trend for Kennedy-Wilson Holdings'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.

Kennedy-Wilson Holdings Interest Coverage Chart

Kennedy-Wilson Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.06 0.21

Kennedy-Wilson Holdings 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 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 0.17 0.12 0.20 0.32 0.19

Competitive Comparison of Kennedy-Wilson Holdings's Interest Coverage

For the Real Estate Services subindustry, Kennedy-Wilson Holdings'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.


Kennedy-Wilson Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kennedy-Wilson Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kennedy-Wilson Holdings's Interest Coverage falls into.



Kennedy-Wilson Holdings 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.

Kennedy-Wilson Holdings'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, Kennedy-Wilson Holdings's Interest Expense was $-259.2 Mil. Its Operating Income was $54.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,298.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*54.3/-259.2
=0.21

Kennedy-Wilson Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Kennedy-Wilson Holdings's Interest Expense was $-66.7 Mil. Its Operating Income was $12.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,298.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*12.4/-66.7
=0.19

* 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.


Kennedy-Wilson Holdings  (NYSE:KW) 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 .


Kennedy-Wilson Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Kennedy-Wilson Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Business Description

Traded in Other Exchanges
Address
151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.
Executives
William J Mcmorrow director, 10 percent owner, officer: Chief Executive Officer 530 WILSHIRE BLVD, STE 101, SANTA MONICA CA 90401
Michael John Pegler officer: President KW Europe 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Regina Wambold Finnegan officer: EVP, Risk Management and HR 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Todd L Boehly director 600 STEAMBOAT ROAD, GREENWICH CT 06830
Boucher Richard Aidan Hugh director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Wade Burton director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Stanley R Zax director ZENITH NATIONAL INSURANCE, 21255 CALIFA STREET, WOODLAND HILLS CA 91367
Mary Ricks officer: Co-CEO of KW Com Invt Group
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Justin Enbody officer: Chief Financial Officer 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90212
Kent Y Mouton director C/O KENNEDY WILSON INC, 9601 WILSHIRE BLVD STE 220, BEVERLY HILLS CA 90210
Cathy Hendrickson director 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90210