IRSA Propiedades Comerciales (BUE:IRCP) Interest Coverage: 1.32 (As of Sep. 2021)

IRSA Propiedades Comerciales  (BUE:IRCP) 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 .

IRSA Propiedades Comerciales Interest Coverage Related Terms

The historical data trend for IRSA Propiedades Comerciales'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.

IRSA Propiedades Comerciales Interest Coverage Chart

IRSA Propiedades Comerciales Annual Data
	Trend	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21
Interest Coverage		Get a 7-Day Free Trial					3.95	3.88	2.64	1.73	0.69

IRSA Propiedades Comerciales Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Coverage	Get a 7-Day Free Trial															0.00	1.22	1.09	0.57	1.32

BUE:IRCP vs TCI, QK, NEN: Interest Coverage Comparison

For the Real Estate Services subindustry, IRSA Propiedades Comerciales'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.

IRSA Propiedades Comerciales Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IRSA Propiedades Comerciales's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IRSA Propiedades Comerciales's Interest Coverage falls into.

IRSA Propiedades Comerciales 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

IRSA Propiedades Comerciales's Interest Coverage for the fiscal year that ended in Jun. 2021 is calculated as

Here, for the fiscal year that ended in Jun. 2021, IRSA Propiedades Comerciales's Interest Expense was ARS-4,947 Mil. Its Operating Income was ARS3,396 Mil. And its Long-Term Debt & Capital Lease Obligation was ARS36,040 Mil.

IRSA Propiedades Comerciales's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, IRSA Propiedades Comerciales's Interest Expense was ARS-1,369 Mil. Its Operating Income was ARS1,811 Mil. And its Long-Term Debt & Capital Lease Obligation was ARS37,077 Mil.

* 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.

IRSA Propiedades Comerciales Business Description