Madison Pacific Properties (TSX:MPC.C) Interest Coverage : 2.01 (As of Feb. 2024)

Madison Pacific Properties Interest Coverage Chart

Madison Pacific Properties Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Interest Coverage		Get a 7-Day Free Trial					2.44	2.21	2.06	2.11	1.94

Madison Pacific Properties Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															2.39	2.48	0.76	0.33	2.01

Competitive Comparison of Madison Pacific Properties's Interest Coverage

For the Real Estate Services subindustry, Madison Pacific Properties'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.

Madison Pacific Properties's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Madison Pacific Properties's Interest Coverage falls into.

Madison Pacific Properties 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Madison Pacific Properties's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Madison Pacific Properties's Interest Expense was C$-10.69 Mil. Its Operating Income was C$20.73 Mil. And its Long-Term Debt & Capital Lease Obligation was C$251.45 Mil.

Madison Pacific Properties's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Madison Pacific Properties's Interest Expense was C$-3.17 Mil. Its Operating Income was C$6.36 Mil. And its Long-Term Debt & Capital Lease Obligation was C$190.73 Mil.

* 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.

Madison Pacific Properties  (TSX:MPC.C) 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 .

Madison Pacific Properties Interest Coverage Related Terms

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

Madison Pacific Properties (TSX:MPC.C) Business Description