GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Corio NV (LTS:0LNK) » Definitions » Interest Coverage

Corio NV (LTS:0LNK) Interest Coverage : N/A (As of Dec. 2013)


View and export this data going back to . Start your Free Trial

What is Corio NV 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. Corio NV's Operating Income for the six months ended in Dec. 2013 was €-228.3 Mil. Corio NV's Interest Expense for the six months ended in Dec. 2013 was €0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Corio NV's Interest Coverage or its related term are showing as below:


LTS:0LNK's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.97
* 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.

Corio NV Interest Coverage Historical Data

The historical data trend for Corio NV'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.

Corio NV Interest Coverage Chart

Corio NV Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.53 3.25 N/A N/A

Corio NV Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.53 3.25 N/A N/A

Competitive Comparison of Corio NV's Interest Coverage

For the REIT - Retail subindustry, Corio NV'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.

Corio NV's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Corio NV's Interest Coverage falls into.


Corio NV 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.

Corio NV's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Corio NV's Interest Expense was €0.0 Mil. Its Operating Income was €-228.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,678.1 Mil.

GuruFocus does not calculate Corio NV's interest coverage with the available data.

Corio NV's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Here, for the six months ended in Dec. 2013, Corio NV's Interest Expense was €0.0 Mil. Its Operating Income was €-228.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,678.1 Mil.

GuruFocus does not calculate Corio NV's interest coverage with the available data.

* 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.

Corio NV  (LTS:0LNK) 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 .

Corio NV Interest Coverage Related Terms

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

Corio NV (LTS:0LNK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Corio NV (LTS:0LNK) » Definitions » Interest Coverage
Comparable Companies
TSE:8953 SGX:N2IU EPR TSX:REI.UN BRX LSE:BLND ASX:VCX SGX:C38U TSX:SRU.UN WRI LSE:SHB HKSE:02778 MAC TSE:3462 TSX:CHP.UN ADC RPAI LSE:HMSO KIM SITC
Traded in Other Exchanges
N/A
Address
Website
Corio NV was formed in 2000 by the merger between VIB and WBN. It is a retail property company engaged in developing, redeveloping and managing retail properties such as shops and shopping centers, offices and industrial centers in the Netherlands, France, Italy, Spain, Turkey and Germany. The Company has grown from a Dutch mixed retail fund to a pan-European real estate company with a clear focus on retail. The Company has a presence in the largest consumer markets in continental Europe, management is fully in-sourced and the business has a solid financial position. In the changing retail landscape the Company is now ready to enter the next phase and take advantage of future opportunities and dynamics in the industry. The Company has set up an internal platform, called LaunchLab, focused on helping the Company to innovate and execute the Favorite Meeting Place strategy. The programme aims to discover new strategic insights, as well as support innovative ideas to quickly move into action, boosting revenues from other income streams. The Company has six local organisations: Corio Nederland, Corio France, Corio Italia, Corio España, Corio Türkiye and Corio Deutschland. They are responsible for the daily management of Corio's real estate portfolio. Corio N.V. (the Management Board and its general staff) retains the checks and balances. The general staff reports directly to the Management Board of Corio N.V. The green brick is a reward for the sustainable real estate investor of the year.

Corio NV (LTS:0LNK) Headlines

No Headlines