GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vestin Realty Mortgage II Inc (OTCPK:VRTB) » Definitions » Interest Coverage

Vestin Realty Mortgage II (Vestin Realty Mortgage II) Interest Coverage : 0 (At Loss) (As of Sep. 2016)


View and export this data going back to 2006. Start your Free Trial

What is Vestin Realty Mortgage II 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. Vestin Realty Mortgage II's Operating Income for the three months ended in Sep. 2016 was $-2.09 Mil. Vestin Realty Mortgage II's Interest Expense for the three months ended in Sep. 2016 was $-0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


VRTB's Interest Coverage is not ranked *
in the Banks industry.
Industry Median: 67.74
* 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.


Vestin Realty Mortgage II Interest Coverage Historical Data

The historical data trend for Vestin Realty Mortgage II'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.

Vestin Realty Mortgage II Interest Coverage Chart

Vestin Realty Mortgage II Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 128.00 - - -

Vestin Realty Mortgage II Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 - - No Debt - -

Competitive Comparison of Vestin Realty Mortgage II's Interest Coverage

For the Mortgage Finance subindustry, Vestin Realty Mortgage II'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.


Vestin Realty Mortgage II's Interest Coverage Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Vestin Realty Mortgage II's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vestin Realty Mortgage II's Interest Coverage falls into.



Vestin Realty Mortgage II 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.

Vestin Realty Mortgage II's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Vestin Realty Mortgage II's Interest Expense was $-0.00 Mil. Its Operating Income was $-7.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vestin Realty Mortgage II did not have earnings to cover the interest expense.

Vestin Realty Mortgage II's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Vestin Realty Mortgage II's Interest Expense was $-0.00 Mil. Its Operating Income was $-2.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.08 Mil.

Vestin Realty Mortgage II did not have earnings to cover the interest expense.

* 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.


Vestin Realty Mortgage II  (OTCPK:VRTB) 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 .


Vestin Realty Mortgage II Interest Coverage Related Terms

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


Vestin Realty Mortgage II (Vestin Realty Mortgage II) Business Description

Traded in Other Exchanges
N/A
Address
9130 W. Post Road, Suite 130, Las Vegas, NV, USA, 89148
Vestin Realty Mortgage II Inc is active in the financial services domain. The company invests in loans secured by real estate through deeds of trust or mortgages. It also invests in, acquires, manages and sells the real property and acquires entities involved in the ownership or management of the real property. Vestin functions through two segments; Investments in Real Estate Loans, and Investments in equity securities of publicly traded companies.