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Trade Estates Real Estate Investment Co (ATH:TRESTATES) Interest Coverage : 2.07 (As of Jun. 2024)


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What is Trade Estates Real Estate Investment Co 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. Trade Estates Real Estate Investment Co's Operating Income for the six months ended in Jun. 2024 was €13.82 Mil. Trade Estates Real Estate Investment Co's Interest Expense for the six months ended in Jun. 2024 was €-6.69 Mil. Trade Estates Real Estate Investment Co's interest coverage for the quarter that ended in Jun. 2024 was 2.07. 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. Trade Estates Real Estate Investment Co interest coverage is 1.97, which is low.

The historical rank and industry rank for Trade Estates Real Estate Investment Co's Interest Coverage or its related term are showing as below:

ATH:TRESTATES' s Interest Coverage Range Over the Past 10 Years
Min: 1.97   Med: 3.06   Max: 4.02
Current: 1.97


ATH:TRESTATES's Interest Coverage is ranked worse than
66.53% of 711 companies
in the REITs industry
Industry Median: 2.84 vs ATH:TRESTATES: 1.97

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


Trade Estates Real Estate Investment Co Interest Coverage Historical Data

The historical data trend for Trade Estates Real Estate Investment Co'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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Trade Estates Real Estate Investment Co Interest Coverage Chart

Trade Estates Real Estate Investment Co Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
N/A 4.02 2.10

Trade Estates Real Estate Investment Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial 4.53 3.63 2.51 1.82 2.07

Competitive Comparison of Trade Estates Real Estate Investment Co's Interest Coverage

For the REIT - Office subindustry, Trade Estates Real Estate Investment Co'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.


Trade Estates Real Estate Investment Co's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Trade Estates Real Estate Investment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Trade Estates Real Estate Investment Co's Interest Coverage falls into.


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Trade Estates Real Estate Investment Co 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.

Trade Estates Real Estate Investment Co'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, Trade Estates Real Estate Investment Co's Interest Expense was €-7.91 Mil. Its Operating Income was €16.65 Mil. And its Long-Term Debt & Capital Lease Obligation was €186.70 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*16.649/-7.914
=2.10

Trade Estates Real Estate Investment Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Trade Estates Real Estate Investment Co's Interest Expense was €-6.69 Mil. Its Operating Income was €13.82 Mil. And its Long-Term Debt & Capital Lease Obligation was €192.21 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*13.821/-6.69
=2.07

* 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.


Trade Estates Real Estate Investment Co  (ATH:TRESTATES) 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 .


Trade Estates Real Estate Investment Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Trade Estates Real Estate Investment Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Trade Estates Real Estate Investment Co Business Description

Traded in Other Exchanges
N/A
Address
3 Ch. Sabag - S, Khouri, Marousi, Athens, GRC, 15125
Trade Estates Real Estate Investment Co is engaged in acquisition and management of real estate property, the right to purchase property by preliminary agreement and in general the carrying out investments. It operates in real estate investments both in Greece and abroad, such as in Cyprus and Bulgaria.

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