IMC (International Market Centers) Interest Coverage: 0.62 (As of Dec. 2014)


What is International Market Centers Interest Coverage?

International Market Centers IMC Interest Coverage is 0.62 as of Dec. 2014.

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. International Market Centers's Operating Income for the six months ended in Dec. 2014 was $21.12 Mil. International Market Centers's Interest Expense for the six months ended in Dec. 2014 was $-34.08 Mil. International Market Centers's interest coverage for the quarter that ended in Dec. 2014 was 0.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for International Market Centers's Interest Coverage or its related term are showing as below:


IMC's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 3.095
* 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.

International Market Centers  (NYSE:IMC) 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 .

International Market Centers Interest Coverage Related Terms

International Market Centers Interest Coverage Historical Data

* Premium members only.

The historical data trend for International Market Centers'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.

International Market Centers Interest Coverage Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
Interest Coverage
0.00 0.09 0.62

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
Interest Coverage 0.00 0.09 0.62

IMC vs HMG, AIII, WHLR: Interest Coverage Comparison

For the REIT - Retail subindustry, International Market Centers'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.

International Market Centers Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where International Market Centers's Interest Coverage falls into.


International Market Centers 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.

International Market Centers's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, International Market Centers's Interest Expense was $-34.08 Mil. Its Operating Income was $21.12 Mil. And its Long-Term Debt & Capital Lease Obligation was $533.68 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2014 )/Interest Expense (A: Dec. 2014 )
=-1*21.12/-34.08
=0.62

International Market Centers's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Here, for the six months ended in Dec. 2014, International Market Centers's Interest Expense was $-34.08 Mil. Its Operating Income was $21.12 Mil. And its Long-Term Debt & Capital Lease Obligation was $533.68 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2014 )/Interest Expense (Q: Dec. 2014 )
=-1*21.12/-34.08
=0.62

* 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 0.62 mean?
International Market Centers (IMC) has a Interest Coverage of 0.62 as of Dec. 2014. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on International Market Centers and its competitors.
Is International Market Centers' Interest Coverage too high?
International Market Centers' current Interest Coverage is 0.62. The REITs industry median Interest Coverage is 3.10. International Market Centers' value of 0.62 is 80% below this industry median.
How does International Market Centers' Interest Coverage compare to HMG and AIII?
International Market Centers' Interest Coverage of 0.62 can be compared against companies in the REITs industry. The industry median Interest Coverage is 3.10. International Market Centers' value of 0.62 is 80% 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 REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 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. International Market Centers's current Interest Coverage of 0.62 is 80% 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 International Market Centers and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Market Centers's current Interest Coverage is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Market Centers stock overvalued right now?
International Market Centers (IMC) has a current Interest Coverage of 0.62. The current Interest Coverage is 0.62 and 80% below the REITs industry median of 3.10. 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 International Market Centers (IMC), the current Interest Coverage is 0.62 as of Dec. 2014. 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.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.