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Globe Residency REIT (KAR:GRR) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Globe Residency REIT 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. Globe Residency REIT's Operating Income for the six months ended in . 20 was ₨0.00 Mil. Globe Residency REIT's Interest Expense for the six months ended in . 20 was ₨0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Globe Residency REIT's Interest Coverage or its related term are showing as below:


KAR:GRR's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.85
* 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.


Globe Residency REIT Interest Coverage Historical Data

The historical data trend for Globe Residency REIT'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.

Globe Residency REIT Interest Coverage Chart

Globe Residency REIT Annual Data
Trend
Interest Coverage

Globe Residency REIT Semi-Annual Data
Interest Coverage

Competitive Comparison of Globe Residency REIT's Interest Coverage

For the REIT - Residential subindustry, Globe Residency REIT'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.


Globe Residency REIT's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Globe Residency REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Globe Residency REIT's Interest Coverage falls into.


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Globe Residency REIT 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.

Globe Residency REIT's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Globe Residency REIT's Interest Expense was ₨0.00 Mil. Its Operating Income was ₨0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨0.00 Mil.

Globe Residency REIT had no debt (1).

Globe Residency REIT's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Globe Residency REIT's Interest Expense was ₨0.00 Mil. Its Operating Income was ₨0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨0.00 Mil.

Globe Residency REIT had no debt (1).

* 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.


Globe Residency REIT  (KAR:GRR) 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 .


Globe Residency REIT Interest Coverage Related Terms

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Globe Residency REIT Business Description

Traded in Other Exchanges
N/A
Address
23, M. T. Khan Road, Arif Habib Center, karachi, SD, PAK
Globe Residency REIT operates as a real estate investment trust. The company is managed by Arif Habib Dolmen REIT Management Limited. The company's project Globe Residency Apartments or the REIT Project site is situated inside Naya Nazimabad in Karachi.