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Btowers Fundo Investimento Imobiliario (BSP:BTWR11) Interest Coverage : No Debt (1) (As of Jun. 2024)


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What is Btowers Fundo Investimento Imobiliario 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. Btowers Fundo Investimento Imobiliario's Operating Income for the six months ended in Jun. 2024 was R$5.67 Mil. Btowers Fundo Investimento Imobiliario's Interest Expense for the six months ended in Jun. 2024 was R$0.00 Mil. Btowers Fundo Investimento Imobiliario has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Btowers Fundo Investimento Imobiliario has no debt.

(1) 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.

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

BSP:BTWR11' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


BSP:BTWR11's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.84 vs BSP:BTWR11: No Debt

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


Btowers Fundo Investimento Imobiliario Interest Coverage Historical Data

The historical data trend for Btowers Fundo Investimento Imobiliario'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.

Btowers Fundo Investimento Imobiliario Interest Coverage Chart

Btowers Fundo Investimento Imobiliario Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Btowers Fundo Investimento Imobiliario Semi-Annual Data
Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Btowers Fundo Investimento Imobiliario's Interest Coverage

For the REIT - Diversified subindustry, Btowers Fundo Investimento Imobiliario'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.


Btowers Fundo Investimento Imobiliario's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Btowers Fundo Investimento Imobiliario's Interest Coverage falls into.


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Btowers Fundo Investimento Imobiliario 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.

Btowers Fundo Investimento Imobiliario's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Btowers Fundo Investimento Imobiliario's Interest Expense was R$0.00 Mil. Its Operating Income was R$5.05 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Btowers Fundo Investimento Imobiliario had no debt (1).

Btowers Fundo Investimento Imobiliario's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Btowers Fundo Investimento Imobiliario's Interest Expense was R$0.00 Mil. Its Operating Income was R$5.67 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Btowers Fundo Investimento Imobiliario had no debt (1).

* 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.


Btowers Fundo Investimento Imobiliario  (BSP:BTWR11) 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 .


Btowers Fundo Investimento Imobiliario Interest Coverage Related Terms

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


Btowers Fundo Investimento Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
Rua Gilberto Sabino, 215, 4th Floor, Pinheiros, São Paulo, SP, BRA, 5425020
Btowers Fundo Investimento Imobiliario aims to provide profit to shareholders through the distribution of results arising from rental contracts for units in the Brookfield Towers project.

Btowers Fundo Investimento Imobiliario Headlines

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