UMH Properties (UMH Properties) Interest Coverage

: 1.31 (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. UMH Properties's Operating Income for the three months ended in Dec. 2023 was $10.2 Mil. UMH Properties's Interest Expense for the three months ended in Dec. 2023 was $-7.8 Mil. UMH Properties's interest coverage for the quarter that ended in Dec. 2023 was 1.31. The higher the ratio, the stronger the company's financial strength is.

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

UMH' s Interest Coverage Range Over the Past 10 Years
Min: 0.69 Med: 1.12 Max: 1.77
Current: 1.11

UMH's Interest Coverage is ranked worse than
86.58% of 678 companies
in the REITs industry
Industry Median: 3 vs UMH: 1.11

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

UMH Properties Interest Coverage Historical Data

The historical data trend for UMH Properties'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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UMH Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.12

1.55

1.77

1.12

1.11

UMH Properties 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															0.81	0.88	1.03	1.25	1.31

Competitive Comparison

For the REIT - Residential subindustry, UMH Properties'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.

UMH Properties Interest Coverage Distribution

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

* The bar in red indicates where UMH Properties's Interest Coverage falls into.

UMH Properties 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.

UMH Properties'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, UMH Properties's Interest Expense was $-32.5 Mil. Its Operating Income was $36.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $690.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	36.122	/	-32.475
	=	1.11

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

Here, for the three months ended in Dec. 2023, UMH Properties's Interest Expense was $-7.8 Mil. Its Operating Income was $10.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $690.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.229	/	-7.813
	=	1.31

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

UMH Properties (NYSE:UMH) 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 .

UMH Properties Interest Coverage Related Terms

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

UMH Properties (UMH Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UMH Properties Inc (NYSE:UMH) » Definitions » Interest Coverage

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Traded in Other Exchanges

UMHpD.PFD:USA UMH:Israel

Address

3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728

Website

https://www.umh.reit

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to private manufactured home owners. It also leases homes to residents. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from leasing, brokerage, and appreciation. It is located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, and Maryland.

Executives

Quigley Kenneth K Jr	director
Jeffrey A Carus	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Kiernan Conway	director	3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Samuel A Landy	director, officer: President	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Daniel O. Landy	other: EVP and President of OZ Fund	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Matthew I Hirsch	director	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Brett Taft	officer: EVP and COO	3499 ROUTE 9 , SUITE 3C, FREEHOLD NJ 07728
Craig Koster	officer: EVP and General Counsel	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Amy Lynn Butewicz	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Stuart Levy	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Angela D. Pruitt	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
William Edward Mitchell	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Steven B Wolgin	director
Michael P Landy	officer: Vice President - Investments	3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Eugene W Landy	director, 10 percent owner, officer: Chairman of the Board	3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728