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Trafalgar Property Group (LSE:TRAF) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Trafalgar 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. Trafalgar Property Group's Operating Income for the six months ended in Sep. 2024 was £-0.19 Mil. Trafalgar Property Group's Interest Expense for the six months ended in Sep. 2024 was £-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


LSE:TRAF's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.95
* 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.


Trafalgar Property Group Interest Coverage Historical Data

The historical data trend for Trafalgar 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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Trafalgar Property Group Interest Coverage Chart

Trafalgar Property Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Trafalgar Property Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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Competitive Comparison of Trafalgar Property Group's Interest Coverage

For the Real Estate - Development subindustry, Trafalgar 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.


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

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

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


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Trafalgar 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.

Trafalgar Property Group's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Trafalgar Property Group's Interest Expense was £-0.13 Mil. Its Operating Income was £-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was £3.26 Mil.

Trafalgar Property Group did not have earnings to cover the interest expense.

Trafalgar Property Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Trafalgar Property Group's Interest Expense was £-0.01 Mil. Its Operating Income was £-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation was £3.30 Mil.

Trafalgar Property Group did not have earnings to cover the interest expense.

* 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.


Trafalgar Property Group  (LSE:TRAF) 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 .


Trafalgar Property Group Interest Coverage Related Terms

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


Trafalgar Property Group Business Description

Traded in Other Exchanges
Address
Chequers Barn, Chequers Hill, Bough Beech, Edenbridge, Kent, GBR, TN8 7PD
Trafalgar Property Group PLC is a United Kingdom-based holding company. The company is engaged in the home building and property development business. It derives revenue from the development sales and rental income of which key revenue is derived from the development sales. The company's activities are in the UK.

Trafalgar Property Group Headlines

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