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. TMM Real Estate Development's
Operating Income
for the
six
months ended in Dec. 2023 was €2.32 Mil. TMM Real Estate Development's Interest Expense for the
six
months ended in Dec. 2023 was €-0.02 Mil.
TMM Real Estate Development's interest coverage for the quarter that ended in Dec. 2023 was 96.79.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for TMM Real Estate Development's Interest Coverage or its related term are showing as below:
FRA:TR61's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.24 * Ranked among companies with meaningful Interest Coverage only.
TMM Real Estate Development (FRA:TR61) 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 .
TMM Real Estate Development Interest Coverage Related Terms
TMM Real Estate Development Interest Coverage Historical Data
* 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.
TMM Real Estate Development Interest Coverage Chart
TMM Real Estate Development Interest Coverage Competitor Comparison
For the Real Estate - Diversified subindustry, TMM Real Estate Development'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.
TMM Real Estate Development Interest Coverage vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TMM Real Estate Development's Interest Coverage distribution charts can be found below:
* The bar in red indicates where TMM Real Estate Development's Interest Coverage falls into.
TMM Real Estate Development 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:
* 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.
TMM Real Estate Development (FRA:TR61) has a Interest Coverage of 96.79 as of Dec. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TMM Real Estate Development and its competitors.
Is TMM Real Estate Development's Interest Coverage too high?
TMM Real Estate Development's current Interest Coverage is 96.79. The Real Estate industry median Interest Coverage is 4.24. TMM Real Estate Development's value of 96.79 is 2182.8% above this industry median. Overall, TMM Real Estate Development has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does TMM Real Estate Development's Interest Coverage compare to competitors?
TMM Real Estate Development's Interest Coverage of 96.79 can be compared against companies in the Real Estate industry. The industry median Interest Coverage is 4.24. TMM Real Estate Development's value of 96.79 is 2182.8% above this benchmark. 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.24, based on 1,299 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. TMM Real Estate Development's current Interest Coverage of 96.79 is 2182.8% 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 TMM Real Estate Development and its competitors. For the Real Estate industry, the median Interest Coverage is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMM Real Estate Development's current Interest Coverage is 96.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMM Real Estate Development stock overvalued right now?
TMM Real Estate Development (FRA:TR61) has a current Interest Coverage of 96.79. The current Interest Coverage is 96.79 and 2182.8% above the Real Estate industry median of 4.24. TMM Real Estate Development's overall GF Score™ is 39/100. 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 TMM Real Estate Development (FRA:TR61), the current Interest Coverage is 96.79 as of Dec. 2023. 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.
TMM Real Estate Development PLC operates as a real estate development and construction company and develops the construction of residential complexes on a turnkey basis, which covers all complex construction and fine finishing works as well as post-construction utility services for the completed projects. It operates in the following segments: Investment Property; Property Development & Construction; Utility and Management Services; and Air Mobility Solutions. The Investment Property segment leases residential and commercial property owned by the group. The Property Development & Construction segment builds and sells residential and commercial property and renders construction services. The Air Mobility Solutions segment earns the majority of revenue.
39GF Score
Get the complete analysis for FRA:TR61
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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