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HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Interest Coverage : 0.65 (As of Dec. 2023)


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What is HBR Realty Empreendimentos Imobiliarios 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. HBR Realty Empreendimentos Imobiliarios's Operating Income for the three months ended in Dec. 2023 was R$18.1 Mil. HBR Realty Empreendimentos Imobiliarios's Interest Expense for the three months ended in Dec. 2023 was R$-27.9 Mil. HBR Realty Empreendimentos Imobiliarios's interest coverage for the quarter that ended in Dec. 2023 was 0.65. The higher the ratio, the stronger the company's financial strength is.

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

BSP:HBRE3' s Interest Coverage Range Over the Past 10 Years
Min: 0.36   Med: 0.56   Max: 0.72
Current: 0.62


BSP:HBRE3's Interest Coverage is ranked worse than
91.65% of 1342 companies
in the Real Estate industry
Industry Median: 3.97 vs BSP:HBRE3: 0.62

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


HBR Realty Empreendimentos Imobiliarios Interest Coverage Historical Data

The historical data trend for HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios Interest Coverage Chart

HBR Realty Empreendimentos Imobiliarios Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
0.49 0.36 0.72 0.62

HBR Realty Empreendimentos Imobiliarios Quarterly Data
Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.76 0.56 0.59 0.70 0.65

Competitive Comparison of HBR Realty Empreendimentos Imobiliarios's Interest Coverage

For the Real Estate Services subindustry, HBR Realty Empreendimentos Imobiliarios'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.


HBR Realty Empreendimentos Imobiliarios's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, HBR Realty Empreendimentos Imobiliarios's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HBR Realty Empreendimentos Imobiliarios's Interest Coverage falls into.



HBR Realty Empreendimentos Imobiliarios 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.

HBR Realty Empreendimentos Imobiliarios'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, HBR Realty Empreendimentos Imobiliarios's Interest Expense was R$-122.7 Mil. Its Operating Income was R$76.2 Mil. And its Long-Term Debt & Capital Lease Obligation was R$1,157.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*76.196/-122.683
=0.62

HBR Realty Empreendimentos Imobiliarios's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, HBR Realty Empreendimentos Imobiliarios's Interest Expense was R$-27.9 Mil. Its Operating Income was R$18.1 Mil. And its Long-Term Debt & Capital Lease Obligation was R$1,157.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*18.133/-27.88
=0.65

* 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.


HBR Realty Empreendimentos Imobiliarios  (BSP:HBRE3) 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 .


HBR Realty Empreendimentos Imobiliarios Interest Coverage Related Terms

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


HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Business Description

Traded in Other Exchanges
N/A
Address
Av. Vereador Narciso Yague Guimaraes, 1.145, 2nd Floor, Jardim Arenia, Mogi das Cruzes, SP, BRA, CEP 08710-500
HBR Realty Empreendimentos Imobiliarios SA operates in the real estate development and management division. The company's business strategy is focused on the real estate development of urban properties, distributed over four main platforms that house the developed and developing asset classes. These platforms are: ComVem, HBR3A, HBR Malls and HBR Opportunities. ComVem platform is dedicated towards development and administration of convenience centers; HBR 3A platform dedicated to the development and management of corporate buildings; HBR Malls platform dedicated to the acquisition, development and management of shopping centers and HBR Opportunities platform brings together assets of various classes, such as built to suits, development and management of hotels, parking lots, among others.

HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Headlines

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