Stag Industrial (Stag Industrial) Interest Coverage

: 2.52 (As of Dec. 2023)

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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. Stag Industrial's Operating Income for the three months ended in Dec. 2023 was $63.8 Mil. Stag Industrial's Interest Expense for the three months ended in Dec. 2023 was $-25.4 Mil. Stag Industrial's interest coverage for the quarter that ended in Dec. 2023 was 2.52. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Stag Industrial's Interest Coverage or its related term are showing as below:

STAG' s Interest Coverage Range Over the Past 10 Years
Min: 0.99 Med: 1.82 Max: 2.69
Current: 2.56

STAG's Interest Coverage is ranked worse than
57.31% of 677 companies
in the REITs industry
Industry Median: 3.01 vs STAG: 2.56

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

Stag Industrial Interest Coverage Historical Data

The historical data trend for Stag Industrial'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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Stag Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

2.00

2.23

2.63

2.69

2.56

Stag Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																2.53	2.48	2.56	2.69	2.52

Competitive Comparison

For the REIT - Industrial subindustry, Stag Industrial'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.

Stag Industrial Interest Coverage Distribution

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

* The bar in red indicates where Stag Industrial's Interest Coverage falls into.

Stag Industrial 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.

Stag Industrial'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, Stag Industrial's Interest Expense was $-94.6 Mil. Its Operating Income was $242.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,255.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	242.301	/	-94.575
	=	2.56

Stag Industrial's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Stag Industrial's Interest Expense was $-25.4 Mil. Its Operating Income was $63.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,255.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	63.79	/	-25.35
	=	2.52

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

Stag Industrial (NYSE:STAG) 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 .

Stag Industrial Interest Coverage Related Terms

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

Stag Industrial (Stag Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stag Industrial Inc (NYSE:STAG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

STAG:Mexico SW6:Germany SW6:Germany S2TA34:Brazil

Address

One Federal Street, 23rd Floor, Boston, MA, USA, 02110

Website

https://www.stagindustrial.com

Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.

Executives

Jaclyn Paul	officer: Chief Accounting Officer	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey M Sullivan	officer: EVP, GC and Secretary	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
William R Crooker	officer: Chief Accounting Officer	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Benjamin S Butcher	director, officer: Chairman, CEO and President	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Steven T. Kimball	officer: EVP	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michael Chase	officer: EVP and CIO	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Hans S Weger	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michelle Dilley	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jit Kee Chin	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jacoby Francis X Iii	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey D. Furber	director	AEW CAPITAL MANAGEMENT, L.P., TWO SEAPORT LANE, BOSTON MA 02210
Virgis Colbert	director	5725 DELPHI DRIVE, TROY MI 48098
Christopher P Marr	director	460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matts Pinard	officer: EVP, CFO and Treasurer	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Stephen C Mecke	officer: COO and EVP	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110