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SUNS (Sunrise Realty Trust) Interest Coverage : No Debt (1) (As of Dec. 2024)


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What is Sunrise Realty 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. Sunrise Realty Trust's Operating Income for the three months ended in Dec. 2024 was $1.85 Mil. Sunrise Realty Trust's Interest Expense for the three months ended in Dec. 2024 was $0.00 Mil. Sunrise Realty Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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

SUNS' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


SUNS's Interest Coverage is ranked better than
99.72% of 716 companies
in the REITs industry
Industry Median: 2.86 vs SUNS: No Debt

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


Sunrise Realty Trust Interest Coverage Historical Data

The historical data trend for Sunrise Realty 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.

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Sunrise Realty Trust Interest Coverage Chart

Sunrise Realty Trust Annual Data
Trend Dec23 Dec24
Interest Coverage
No Debt No Debt

Sunrise Realty Trust Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Sunrise Realty Trust's Interest Coverage

For the REIT - Mortgage subindustry, Sunrise Realty 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.


Sunrise Realty Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Sunrise Realty Trust's Interest Coverage falls into.


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Sunrise Realty 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.

Sunrise Realty Trust's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Sunrise Realty Trust's Interest Expense was $0.00 Mil. Its Operating Income was $6.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Sunrise Realty Trust had no debt (1).

Sunrise Realty Trust's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Sunrise Realty Trust's Interest Expense was $0.00 Mil. Its Operating Income was $1.85 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Sunrise Realty Trust had no debt (1).

* 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.


Sunrise Realty Trust  (NAS:SUNS) 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 .


Sunrise Realty Trust Interest Coverage Related Terms

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


Sunrise Realty Trust Business Description

Traded in Other Exchanges
N/A
Address
525 Okeechobee Boulevard, Suite 1650, West Palm Beach, FL, USA, 33401
Sunrise Realty Trust Inc is a real estate investment trust company. It is focus on originating CRE debt investments and providing capital to high-quality borrowers and sponsors with transitional business plans collateralized by CRE assets with opportunities for near-term value creation, as well as recapitalization opportunities. It intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS and debt-like preferred equity securities across CRE asset classes and investment mix to include high quality multi-family, condominiums, retail, office, hospitality, industrial, mixed use and specialty-use real estate.