Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) Interest Coverage : 2.04 (As of Jun. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Operating Income for the six months ended in Jun. 2024 was R$60.6 Mil. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Expense for the six months ended in Jun. 2024 was R$-29.6 Mil. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's interest coverage for the quarter that ended in Jun. 2024 was 2.04. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage or its related term are showing as below:

BSP:BPML11' s Interest Coverage Range Over the Past 10 Years
Min: 1.72 Med: 2.85 Max: 4.25
Current: 2.04

BSP:BPML11's Interest Coverage is ranked worse than
66.06% of 716 companies
in the REITs industry
Industry Median: 2.86 vs BSP:BPML11: 2.04

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

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Interest Coverage Historical Data

The historical data trend for Fundo DE Investimento Imobiliario BTG Pactual Shoppings'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.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Interest Coverage Chart

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Coverage

3.11

2.85

4.25

1.72

2.04

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Semi-Annual Data
	Jun20	Jun21	Jun22	Jun23	Jun24
Interest Coverage	3.11	2.85	4.25	1.72	2.04

Competitive Comparison of Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario BTG Pactual Shoppings'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.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage falls into.

Save Embed

;

Save Embed

;

Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Expense was R$-29.6 Mil. Its Operating Income was R$60.6 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	60.585	/	-29.636
	=	2.04

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Expense was R$-29.6 Mil. Its Operating Income was R$60.6 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	60.585	/	-29.636
	=	2.04

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

Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) 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 .

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Botafogo Beach, 501, 5th Floor, Rio de Janeiro, RJ, BRA, 22250040

Website

https://www.btgpactual.com

Fundo DE Investimento Imobiliario BTG Pactual Shoppings, formely BTG Pactual Shopping FII invests in enterprises real estate characterized as Shopping Centers, for exploration commercial via rental or subsequent sale. Its object is to invest in real estate developments, through the acquisition of ready and properly built real estate developments, land or properties under construction, aimed at institutional or commercial use, whether through the acquisition of the total or ideal fraction of each asset, for subsequent sale or lease by means of a contract, in the built to suit or sale and leaseback modality.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Headlines

No Headlines