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HLTC (National Healthcare Properties) Interest Coverage : 0.38 (As of Dec. 2024)


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What is National Healthcare 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. National Healthcare Properties's Operating Income for the three months ended in Dec. 2024 was $6.6 Mil. National Healthcare Properties's Interest Expense for the three months ended in Dec. 2024 was $-17.3 Mil. National Healthcare Properties's interest coverage for the quarter that ended in Dec. 2024 was 0.38. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. National Healthcare Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

HLTC' s Interest Coverage Range Over the Past 10 Years
Min: 0.01   Med: 0.16   Max: 0.36
Current: 0.1


HLTC's Interest Coverage is ranked worse than
99.16% of 718 companies
in the REITs industry
Industry Median: 2.86 vs HLTC: 0.10

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


National Healthcare Properties Interest Coverage Historical Data

The historical data trend for National Healthcare 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.

* Premium members only.

National Healthcare Properties Interest Coverage Chart

National Healthcare Properties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 0.22 0.05 - 0.01 0.10

National Healthcare Properties Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.04 - 0.38

Competitive Comparison of National Healthcare Properties's Interest Coverage

For the REIT - Healthcare Facilities subindustry, National Healthcare 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.


National Healthcare Properties's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Healthcare Properties's Interest Coverage distribution charts can be found below:

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


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National Healthcare 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.

National Healthcare Properties's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, National Healthcare Properties's Interest Expense was $-69.4 Mil. Its Operating Income was $6.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $787.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*6.632/-69.447
=0.10

National Healthcare Properties's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, National Healthcare Properties's Interest Expense was $-17.3 Mil. Its Operating Income was $6.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $787.3 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*6.638/-17.305
=0.38

* 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.


National Healthcare Properties  (OTCPK:HLTC) 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 .


National Healthcare Properties Interest Coverage Related Terms

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


National Healthcare Properties Business Description

Traded in Other Exchanges
Address
540 Madison Avenue, 27th Floor, New York, NY, USA, 10022
National Healthcare Properties Inc is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing operating properties (SHOP) and outpatient medical facilities (OMF), located in the United States. The company has SHOPs and OMFs as two reportable business segments for management and internal financial reporting purposes. OMF consists of physicians' offices and examination rooms, hospitals, pharmacies, other facilities. SHOP consist of assisted living facilities, memory care facilities, Independent Living facilities. Majority of revenue is from OMFs segment.
Executives
Scott M. Lappetito officer: CFO, Secretary and Treasurer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Jason F. Doyle officer: CFO, Secretary and Treasurer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Buddie J Penn director 405 PARK AVENUE, NEW YORK NY 10022
Lee M Elman director 405 PARK AVENUE, NEW YORK NY 10022
Katie P Kurtz officer: CFO, Treasurer and Secretary 405 PARK AVENUE, THIRD FLOOR, NEW YORK NY 10022
Edward G Rendell director 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Leslie D Michelson director PRIVATE HEALTH MANAGEMENT, 9200 SUNSET BLVD, SUITE 110, LOS ANGELES CA 90069
Randolph C Read director, other: CHAIRMAN C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Thomas P Darcy officer: Chief Executive Officer 405 PARK AVENUE, NEW YORK NY 10022
Lange Edward F Jr officer: See Remarks 405 PARK AVENUE, NEW YORK NY 10022
William Todd Jensen officer: See Remarks 405 PARK AVE., 15TH FLOOR, NEW YORK NY 10022
Elizabeth K. Tuppeny director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Robert J Froehlich director 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Gong director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Nicholas S Schorsch director, officer: See Remarks

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