Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Interest Coverage: 195.43 (As of Dec. 2025) — 59% Below Median


BSP:MFII11 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
42 GF Score
Price R$51.80
GF Value R$35.19
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Interest Coverage?

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11 +1.25% 42 Interest Coverage is 195.43 as of Dec. 2025, which is 59% below its 10-year median of 473.69. GuruFocus rates BSP:MFII11 with a GF Score™ of 42/100 and a GF Value™ of R$35.19 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 700 REITs companies, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks better than 86.29% on this metric.

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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Operating Income for the six months ended in Dec. 2025 was R$8.60 Mil. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Expense for the six months ended in Dec. 2025 was R$-0.04 Mil. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's interest coverage for the quarter that ended in Dec. 2025 was 195.43. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has no debt.

The historical rank and industry rank for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage or its related term are showing as below:

BSP:MFII11' s Interest Coverage Range Over the Past 10 Years
Min: 195.43   Med: 473.69   Max: 2638.9
Current: 195.43

BSP:MFII11's Interest Coverage is ranked better than
86.29% of 700 companies
in the REITs industry
Industry Median: 3.095 vs BSP:MFII11: 195.43

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

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario  (BSP:MFII11) 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 .

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Interest Coverage Related Terms

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Interest Coverage Historical Data

* Premium members only.

The historical data trend for Merito Desenvolvimento Imobiliario I FII Fundo de 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Interest Coverage Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
0.00 617.33 2,638.90 330.05 195.43

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage 0.00 617.33 2,638.90 330.05 195.43

BSP:MFII11 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Merito Desenvolvimento Imobiliario I FII Fundo de 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage falls into.


BSP:MFII11
42GF Score
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merito Desenvolvimento Imobiliario I FII Fundo de 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Expense was R$-0.04 Mil. Its Operating Income was R$8.60 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*8.599/-0.044
=195.43

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Expense was R$-0.04 Mil. Its Operating Income was R$8.60 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*8.599/-0.044
=195.43

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 195.43 mean?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a Interest Coverage of 195.43 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. This is 59% below median its historical median of 473.69. Over the past decade, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage has ranged from 195.43 to 2,638.90. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #96 out of 700 companies in the REITs industry, placing it in the top 13.7%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Interest Coverage of 195.43 is 59% below median its 10-year median of 473.69. Over the past 10 years, this metric has ranged from a low of 195.43 to a high of 2,638.90. The REITs industry median Interest Coverage is 3.10. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 195.43 is 6214.4% above this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #96 out of 700 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #96 out of 700 companies for Interest Coverage. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 14% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.10. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 195.43 is 6214.4% above this benchmark. Historically, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's own Interest Coverage has ranged from 195.43 to 2,638.90 over the past decade. While the company's 10-year median is 473.69 vs. the industry median of 3.10, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Interest Coverage of 195.43 is 6214.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Interest Coverage is 195.43, which is 59% below median its own 10-year median of 473.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$35.19, compared to a current price of R$51.80 — trading 47.2% above its estimated fair value. The current Interest Coverage is 195.43, which is 59% below median its 10-year median of 473.69 and 6214.4% above the REITs industry median of 3.10. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current Interest Coverage is 195.43 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?

Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be overvalued. The current stock price of R$51.80 is trading 47.2% above its estimated GF Value™ of R$35.19. GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Significantly Overvalued.

Key valuation signals for BSP:MFII11:

  • Interest Coverage: 195.43 (59% below median its 10-year median of 473.69)
  • GF Value™: R$35.19 vs. price of R$51.80 (47.2% above fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 6214.4% above the REITs median (#96 of 700)

No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score

Get the complete analysis for BSP:MFII11

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$51.80
Price
R$35.19
GF Value