FRPC (First Republic of America) Interest Coverage: 0.93 (As of Mar. 2004)


What is First Republic of America Interest Coverage?

First Republic of America FRPC Interest Coverage is 0.93 as of Mar. 2004.

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. First Republic of America's Operating Income for the three months ended in Mar. 2004 was $0.44 Mil. First Republic of America's Interest Expense for the three months ended in Mar. 2004 was $-0.48 Mil. First Republic of America's interest coverage for the quarter that ended in Mar. 2004 was 0.93. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for First Republic of America's Interest Coverage or its related term are showing as below:


FRPC's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 12.98
* Ranked among companies with meaningful Interest Coverage only.

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

First Republic of America  (OTCPK:FRPC) 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 .

First Republic of America Interest Coverage Related Terms

First Republic of America Interest Coverage Historical Data

* Premium members only.

The historical data trend for First Republic of America'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.

First Republic of America Interest Coverage Chart

First Republic of America Annual Data
Trend Jun01 Jun02 Jun03
Interest Coverage
N/A N/A N/A

First Republic of America Quarterly Data
Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 N/A N/A 0.20 0.93

First Republic of America Interest Coverage Competitor Comparison

For the Specialty Business Services subindustry, First Republic of America'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.

First Republic of America Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, First Republic of America's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Republic of America's Interest Coverage falls into.


First Republic of America 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.

First Republic of America's Interest Coverage for the fiscal year that ended in Jun. 2003 is calculated as

Here, for the fiscal year that ended in Jun. 2003, First Republic of America's Interest Expense was $0.00 Mil. Its Operating Income was $-1.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.43 Mil.

GuruFocus does not calculate First Republic of America's interest coverage with the available data.

First Republic of America's Interest Coverage for the quarter that ended in Mar. 2004 is calculated as

Here, for the three months ended in Mar. 2004, First Republic of America's Interest Expense was $-0.48 Mil. Its Operating Income was $0.44 Mil. And its Long-Term Debt & Capital Lease Obligation was $14.74 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2004 )/Interest Expense (Q: Mar. 2004 )
=-1*0.443/-0.477
=0.93

* 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 0.93 mean?
First Republic of America (FRPC) has a Interest Coverage of 0.93 as of Mar. 2004. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Republic of America and its competitors.
Is First Republic of America's Interest Coverage too high?
First Republic of America's current Interest Coverage is 0.93. The Business Services industry median Interest Coverage is 12.98. First Republic of America's value of 0.93 is 92.8% below this industry median.
How does First Republic of America's Interest Coverage compare to competitors?
First Republic of America's Interest Coverage of 0.93 can be compared against companies in the Business Services industry. The industry median Interest Coverage is 12.98. First Republic of America's value of 0.93 is 92.8% below 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 Business Services company?
The median Interest Coverage among Business Services companies is 12.98, based on 812 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. First Republic of America's current Interest Coverage of 0.93 is 92.8% below 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 First Republic of America and its competitors. For the Business Services industry, the median Interest Coverage is 12.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Republic of America's current Interest Coverage is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Republic of America stock overvalued right now?
First Republic of America (FRPC) has a current Interest Coverage of 0.93. The current Interest Coverage is 0.93 and 92.8% below the Business Services industry median of 12.98. 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 First Republic of America (FRPC), the current Interest Coverage is 0.93 as of Mar. 2004. 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.