Glenveagh Properties (FRA:GVR) Interest Coverage : 7.09 (As of Dec. 2023)

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What is Glenveagh Properties 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. Glenveagh Properties's Operating Income for the six months ended in Dec. 2023 was €62.1 Mil. Glenveagh Properties's Interest Expense for the six months ended in Dec. 2023 was €-8.8 Mil. Glenveagh Properties's interest coverage for the quarter that ended in Dec. 2023 was 7.09. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Glenveagh Properties's Interest Coverage or its related term are showing as below:

FRA:GVR' s Interest Coverage Range Over the Past 10 Years
Min: 4.37 Med: 10.16 Max: 11.43
Current: 4.37

FRA:GVR's Interest Coverage is ranked worse than
69.86% of 73 companies
in the Homebuilding & Construction industry
Industry Median: 8.33 vs FRA:GVR: 4.37

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

Glenveagh Properties Interest Coverage Historical Data

The historical data trend for Glenveagh Properties'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.

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Glenveagh Properties Interest Coverage Chart

Glenveagh Properties Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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11.43

10.44

9.88

4.37

Glenveagh Properties Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial							16.79	5.27	13.34	1.19	7.09

Competitive Comparison of Glenveagh Properties's Interest Coverage

For the Residential Construction subindustry, Glenveagh Properties'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.

Glenveagh Properties's Interest Coverage Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Glenveagh Properties's Interest Coverage falls into.

Glenveagh Properties 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.

Glenveagh Properties'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, Glenveagh Properties's Interest Expense was €-16.2 Mil. Its Operating Income was €70.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €116.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	70.949	/	-16.222
	=	4.37

Glenveagh Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Glenveagh Properties's Interest Expense was €-8.8 Mil. Its Operating Income was €62.1 Mil. And its Long-Term Debt & Capital Lease Obligation was €116.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	62.103	/	-8.76
	=	7.09

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

Glenveagh Properties (FRA:GVR) 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 .

Glenveagh Properties Interest Coverage Related Terms

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

Glenveagh Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Glenveagh Properties PLC (FRA:GVR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GLVHF:USA GVR:Ireland GLVl:UK GLV:UK

Address

Block C, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 W5X7

Website

https://www.glenveagh.ie/corporate

Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organized into three key reportable segments, The Suburban segment is engaged in housing (with some low-rise apartments) with demand from private buyers and institutions. The urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located in Dublin and Cork and on sites adjacent to rail transportation hubs. The partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost or phased basis into a development agreement with Glenveagh. Its product is delivered back to the government or local authority via social and affordable homes.

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