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Presidio Property Trust (Presidio Property Trust) Interest Coverage : 0.16 (As of Dec. 2023)


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What is Presidio Property Trust 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. Presidio Property Trust's Operating Income for the three months ended in Dec. 2023 was $0.23 Mil. Presidio Property Trust's Interest Expense for the three months ended in Dec. 2023 was $-1.43 Mil. Presidio Property Trust's interest coverage for the quarter that ended in Dec. 2023 was 0.16. The higher the ratio, the stronger the company's financial strength is.

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


SQFT's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.95
* 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.


Presidio Property Trust Interest Coverage Historical Data

The historical data trend for Presidio Property Trust'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.

Presidio Property Trust Interest Coverage Chart

Presidio Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.40 0.29 0.06 -

Presidio Property Trust 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 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 - - - 0.01 0.16

Competitive Comparison of Presidio Property Trust's Interest Coverage

For the REIT - Diversified subindustry, Presidio Property Trust'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.


Presidio Property Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Presidio Property Trust's Interest Coverage falls into.



Presidio Property Trust 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.

Presidio Property Trust'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, Presidio Property Trust's Interest Expense was $-5.01 Mil. Its Operating Income was $-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $107.73 Mil.

Presidio Property Trust did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Presidio Property Trust's Interest Expense was $-1.43 Mil. Its Operating Income was $0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $107.73 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*0.227/-1.426
=0.16

* 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.


Presidio Property Trust  (NAS:SQFT) 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 .


Presidio Property Trust Interest Coverage Related Terms

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


Presidio Property Trust (Presidio Property Trust) Business Description

Traded in Other Exchanges
Address
4995 Murphy Canyon Road, Suite 300, San Diego, CA, USA, 92123
Presidio Property Trust Inc is a real estate company. The company operates as a self-administered real estate investment trust. Presidio Property Trust's portfolio has diverse product types consisting of office, retail, industrial, self-storage, and residential properties. Its main objective is to maximize long-term stockholder value through the acquisition, management, leasing and selective redevelopment of high-quality office and industrial properties.
Executives
Tracie Jan Hager director 877 ISLAND AVENUE, UNIT 607, SAN DIEGO CA 92101
Steven Hightower director, other: President, NetREIT Advisors 6605 CYPRESSWOOD DRIVE, SUITE 430, SPRING TX 77379
Jack Kendrick Heilbron director, officer: Chief Executive Officer 16433 BRONCO LANE, POWAY CA 92064
Adam Sragovicz officer: Chief Financial Officer 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
James Robert Durfey director 818 BUCCANEER PT., DECATUR IL 62521
Larry Gene Dubose director 14218BENNEY BRIER, HOUSTON TX 77069
Bentzen Edwin H Iv officer: Chief Accounting Officer 2513 BIRCH HOLLOW ST, HENDERSON NV 89044
Jessica C Joelson officer: Chief Accounting Officer 4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123
Jennifer A Barnes director C/O PRESIDIO PROPERTY TRUST, INC., SAN DIEGO CA 92123
Laureen Ong director 1251 EAST MAIN STREET, STAMFORD CT 06902
Quyen Thi Dao-haddock officer: Chief Accounting Officer C/O: PRESIDIO PROPERTY TRUST, INC., 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Gary Morris Katz officer: SVP, Asset Management C/O: PRESIDIO PROPERTY TRUST, INC., 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Grant Harbert officer: Chief Financial Officer 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Heather L Pittard officer: Principal Accounting Officer 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Shirley Y Bullard director P.O. BOX 461837, ESCONDIDO CA 92046