Raven Property Group (LSE:RUC2.PFD) Interest Coverage : 1.20 (As of Jun. 2021)

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What is Raven Property Group 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. Raven Property Group's Operating Income for the six months ended in Jun. 2021 was £39.94 Mil. Raven Property Group's Interest Expense for the six months ended in Jun. 2021 was £-33.18 Mil. Raven Property Group's interest coverage for the quarter that ended in Jun. 2021 was 1.20. 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. Raven Property Group Ltd interest coverage is 1.16, which is low.

The historical rank and industry rank for Raven Property Group's Interest Coverage or its related term are showing as below:

LSE:RUC2.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 0.87 Med: 1.24 Max: 1.83
Current: 1.16

LSE:RUC2.PFD's Interest Coverage is not ranked
in the Real Estate industry.
Industry Median: 3.895 vs LSE:RUC2.PFD: 1.16

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

Raven Property Group Interest Coverage Historical Data

The historical data trend for Raven Property Group'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.

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Raven Property Group Interest Coverage Chart

Raven Property Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Coverage

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1.27

1.49

1.21

1.08

1.18

Raven Property Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Interest Coverage	Get a 7-Day Free Trial															1.20	0.97	1.25	1.11	1.20

Competitive Comparison of Raven Property Group's Interest Coverage

For the Real Estate Services subindustry, Raven Property Group'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.

Raven Property Group's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Raven Property Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Raven Property Group's Interest Coverage falls into.

Raven Property Group 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.

Raven Property Group's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Raven Property Group's Interest Expense was £-74.06 Mil. Its Operating Income was £87.59 Mil. And its Long-Term Debt & Capital Lease Obligation was £599.98 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2020 )	/	Interest Expense (A: Dec. 2020 )
	=	-1	*	87.589	/	-74.06
	=	1.18

Raven Property Group's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the six months ended in Jun. 2021, Raven Property Group's Interest Expense was £-33.18 Mil. Its Operating Income was £39.94 Mil. And its Long-Term Debt & Capital Lease Obligation was £647.02 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	39.939	/	-33.175
	=	1.20

The higher the ratio, the stronger the company's Financial Strength is.

Raven Property Group (LSE:RUC2.PFD) 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 .

Raven Property Group Interest Coverage Related Terms

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

Raven Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Raven Property Group Ltd (LSE:RUC2.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

La Vieille Cour, P.O. Box 522, La Plaiderie, Second Floor, St Peter Port, GGY, GY1 6EH

Website

https://www.theravenpropertygroup.com

Raven Property Group Ltd, along with its subsidiaries, operates as a property investment group specializing in commercial real estate in Russia. The business activity of the group functions through three operating segments: Property Investment, Roslogistics, and Raven Mount. The Property Investment segment acquires, develops, and leases commercial property in Russia; the Roslogistics segment is engaged in the provision of warehousing, transport, customs brokerage, and related services in Russia; and Raven Mount looks into the sale of residential property in the UK. It generates most of its revenues through the rent of its Moscow properties from the Property Investment segment.

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