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Maxus Realty Trust (Maxus Realty Trust) Interest Coverage : 0.35 (As of Mar. 2008)


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What is Maxus Realty 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. Maxus Realty Trust's Operating Income for the three months ended in Mar. 2008 was $0.33 Mil. Maxus Realty Trust's Interest Expense for the three months ended in Mar. 2008 was $-0.94 Mil. Maxus Realty Trust's interest coverage for the quarter that ended in Mar. 2008 was 0.35. The higher the ratio, the stronger the company's financial strength is.

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


MRTI's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.98
* 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.


Maxus Realty Trust Interest Coverage Historical Data

The historical data trend for Maxus Realty 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.

Maxus Realty Trust Interest Coverage Chart

Maxus Realty Trust Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Maxus Realty Trust Quarterly Data
Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08
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 0.47 N/A N/A N/A 0.35

Competitive Comparison of Maxus Realty Trust's Interest Coverage

For the REIT - Residential subindustry, Maxus Realty 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.


Maxus Realty Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Maxus Realty Trust's Interest Coverage falls into.



Maxus Realty 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.

Maxus Realty Trust's Interest Coverage for the fiscal year that ended in Dec. 2007 is calculated as

Here, for the fiscal year that ended in Dec. 2007, Maxus Realty Trust's Interest Expense was $0.00 Mil. Its Operating Income was $1.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $59.34 Mil.

GuruFocus does not calculate Maxus Realty Trust's interest coverage with the available data.

Maxus Realty Trust's Interest Coverage for the quarter that ended in Mar. 2008 is calculated as

Here, for the three months ended in Mar. 2008, Maxus Realty Trust's Interest Expense was $-0.94 Mil. Its Operating Income was $0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was $59.18 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2008 )/Interest Expense (Q: Mar. 2008 )
=-1*0.33/-0.935
=0.35

* 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.


Maxus Realty Trust  (OTCPK:MRTI) 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 .


Maxus Realty Trust Interest Coverage Related Terms

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Maxus Realty Trust (Maxus Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
104 Armour Road, PO Box 34729, North Kansas City, MO, USA, 64116
Maxus Realty Trust Inc is a real estate company. The trust's purpose is to acquire interests in income-producing real properties, primarily multifamily apartment communities. It invests in income-producing real properties and multifamily apartment communities.

Maxus Realty Trust (Maxus Realty Trust) Headlines