GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NorthStar Realty Finance Corp (NYSE:NRFPRD.PFD) » Definitions » Interest Coverage

NorthStar Realty Finance (NorthStar Realty Finance) Interest Coverage : 0 (At Loss) (As of Sep. 2016)


View and export this data going back to 2013. Start your Free Trial

What is NorthStar Realty Finance 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. NorthStar Realty Finance's Operating Income for the three months ended in Sep. 2016 was $-79.58 Mil. NorthStar Realty Finance's Interest Expense for the three months ended in Sep. 2016 was $-114.30 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 NorthStar Realty Finance's Interest Coverage or its related term are showing as below:


NRFPRD.PFD's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.98
* 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.


NorthStar Realty Finance Interest Coverage Historical Data

The historical data trend for NorthStar Realty Finance'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.

NorthStar Realty Finance Interest Coverage Chart

NorthStar Realty Finance Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 2.34 0.97 - -

NorthStar Realty Finance Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of NorthStar Realty Finance's Interest Coverage

For the REIT - Retail subindustry, NorthStar Realty Finance'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.


NorthStar Realty Finance's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where NorthStar Realty Finance's Interest Coverage falls into.



NorthStar Realty Finance 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.

NorthStar Realty Finance's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, NorthStar Realty Finance's Interest Expense was $-486.41 Mil. Its Operating Income was $-173.76 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,155.28 Mil.

NorthStar Realty Finance did not have earnings to cover the interest expense.

NorthStar Realty Finance's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, NorthStar Realty Finance's Interest Expense was $-114.30 Mil. Its Operating Income was $-79.58 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,627.67 Mil.

NorthStar Realty Finance 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.


NorthStar Realty Finance  (NYSE:NRFPRD.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 .


NorthStar Realty Finance Interest Coverage Related Terms

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


NorthStar Realty Finance (NorthStar Realty Finance) Business Description

Traded in Other Exchanges
N/A
Address
Northstar Realty Finance Corp is a Maryland corporation formed in October 2003. The Company is an internally managed REIT, and is a diversified commercial real estate investment and asset management company. NorthStar Realty Finance Limited Partnership holds all of the Company's assets and conducts its operation directly or indirectly. The Company invests in multiple asset classes across commercial real estate. These investments are in the form of acquiring real estate, originating or acquiring senior or subordinate loans, as well as CRE investments, both in the United States and internationally. The asset management business is focused on raising and managing capital on a fee basis from alternative sources, which includes non-traded real estate investment trusts, and sponsoring other companies through joint ventures and partnerships, such as RXR Realty, LLC, or RXR Realty. The Company's commercial real estate debt business is focused on originating, structuring, acquiring and managing senior and subordinate debt investments secured by commercial real estate, including first mortgage loans, subordinate interests, mezzanine loans, credit tenant loans and other loans, including preferred equity interests in borrowers who own such properties. The Company competes with many third parties engaged in real estate investment activities including publicly-traded REITs, non-traded REITs, insurance companies, commercial and investment banking firms, private equity funds. The Company is subject to supervision and regulation by state and federal governmental authorities and is subject to various laws and judicial and administrative decisions imposing various requirements and restrictions.
Executives
Gregory Z Rush director 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Jonathan A Langer officer: CEO and President C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Charles W Schoenherr director C/O DIAMONDHEAD HOLDINGS CORP., 250 PARK AVE., 7TH FLOOR, NEW YORK NY 10177
Ronald J. Lieberman officer: EVP & General Counsel NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Debra Ann Hess officer: Chief Financial Officer C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Lisa Meyer officer: Chief Accounting Officer C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Sridhar Sambamurthy director C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Oscar Junquera director C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Stephen E Cummings director
Albert Tylis officer: EVP, GC and Secretary C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Daniel D Raffe officer: EVP 527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Andrew C Richardson officer: EVP and CFO 527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Louis J Paglia director C/O UIL HOLDINGS CORP, 157 CHURCH STREET, NEW HAVEN CT 06506
Sab Overseas Master Fund, L.p. other: Former 10% Owner 767 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10153
Sab Overseas Capital Management Lp 10 percent owner 712 FIFTH AVE, NEW YORK NY 10019