DoubleDragon (PHS:DDPR.PFD) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is DoubleDragon 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. DoubleDragon's Operating Income for the three months ended in Dec. 2023 was ₱-502.64 Mil. DoubleDragon's Interest Expense for the three months ended in Dec. 2023 was ₱-1,122.93 Mil. did not have earnings to cover the interest expense. 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. DoubleDragon Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

PHS:DDPR.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 0.34 Med: 1.16 Max: 9.35
Current: 0.7

PHS:DDPR.PFD's Interest Coverage is ranked worse than
90.56% of 1346 companies
in the Real Estate industry
Industry Median: 3.98 vs PHS:DDPR.PFD: 0.70

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

DoubleDragon Interest Coverage Historical Data

The historical data trend for DoubleDragon'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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DoubleDragon Interest Coverage Chart

DoubleDragon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.29

1.87

1.16

0.85

0.70

DoubleDragon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	1.23	2.75	1.82	-

Competitive Comparison of DoubleDragon's Interest Coverage

For the Real Estate Services subindustry, DoubleDragon'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.

DoubleDragon's Interest Coverage Distribution in the Real Estate Industry

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

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

DoubleDragon 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.

DoubleDragon's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, DoubleDragon's Interest Expense was ₱-2,265.31 Mil. Its Operating Income was ₱1,583.61 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱49,197.77 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1583.612	/	-2265.309
	=	0.70

DoubleDragon's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, DoubleDragon's Interest Expense was ₱-1,122.93 Mil. Its Operating Income was ₱-502.64 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱49,197.77 Mil.

DoubleDragon did not have earnings to cover the interest expense.

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

DoubleDragon (PHS:DDPR.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 .

DoubleDragon Interest Coverage Related Terms

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

DoubleDragon (PHS:DDPR.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DoubleDragon Corp (PHS:DDPR.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DD:Philippines

Address

Macapagal Avenue and EDSA Extension, DD Meridian Park Bay Area Corner, Boulevard Barangay 76 Zone 10, San Rafael, Pasay City, PHL, 1302

Website

https://www.doubledragon.com.ph

DoubleDragon Corp. is a Philippines-based real estate company focused on in the ownership and operation of a portfolio of leasable properties which is has four business segments such as retail leasing, office leasing, hospitality and industrial leasing. The real estate development segment is engaged in the development of real estate assets to be held as trading inventory and for sale. The leasing segment is engaged in the acquisition and/or development of real estate assets in the retail, office and industrial sector that are held for rentals. The hospitality segment is engaged in the acquisition and/or development of hotels which will be managed and operated by the Group. The company generates revenue via its leasing portfolio and hospitality operations.

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