Hornigold Reit (WAR:HRL) Interest Coverage: No Debt (1) (As of Jun. 2024)


What is Hornigold Reit Interest Coverage?

Hornigold Reit WAR:HRL Interest Coverage is No Debt (1) as of Jun. 2024.

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. Hornigold Reit's Operating Income for the three months ended in Jun. 2024 was zł0.00 Mil. Hornigold Reit's Interest Expense for the three months ended in Jun. 2024 was zł0.00 Mil. Hornigold Reit 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 Hornigold Reit's Interest Coverage or its related term are showing as below:


WAR:HRL's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 3.12
* 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.

Hornigold Reit  (WAR:HRL) 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 .

Hornigold Reit Interest Coverage Related Terms

Hornigold Reit Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hornigold Reit'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.

Hornigold Reit Interest Coverage Chart

Hornigold Reit Annual Data
Trend Dec11 Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 176.50 0.00 2.54 0.00 0.00

Hornigold Reit Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24 Jun24
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 No Debt No Debt No Debt No Debt No Debt

WAR:HRL vs AVB, EQR, INVH: Interest Coverage Comparison

For the REIT - Residential subindustry, Hornigold Reit'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.

Hornigold Reit Interest Coverage vs REITs Industry

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

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


Hornigold Reit 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.

Hornigold Reit's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Hornigold Reit's Interest Expense was zł-0.80 Mil. Its Operating Income was zł-1.94 Mil. And its Long-Term Debt & Capital Lease Obligation was zł18.10 Mil.

Hornigold Reit did not have earnings to cover the interest expense.

Hornigold Reit's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Hornigold Reit's Interest Expense was zł0.00 Mil. Its Operating Income was zł0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.

Hornigold Reit 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Hornigold Reit (WAR:HRL) has a Interest Coverage of No Debt (1) as of Jun. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hornigold Reit and its competitors.
Is Hornigold Reit's Interest Coverage too high?
Hornigold Reit's current Interest Coverage is No Debt (1).
How does Hornigold Reit's Interest Coverage compare to AVB and EQR?
Hornigold Reit's Interest Coverage of No Debt (1) can be compared against companies in the REITs industry. The industry median Interest Coverage is 3.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hornigold Reit and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hornigold Reit's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hornigold Reit stock overvalued right now?
Hornigold Reit (WAR:HRL) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Hornigold Reit (WAR:HRL), the current Interest Coverage is No Debt (1) as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hornigold Reit Business Description

Industry Real EstateREITs
Address Ul. Moniuszki 10/1, Katowice, POL, 40-005
Hornigold Reit SA is a Poland based company that engages in the short-term rental of apartments. It provides apartments for rent located in renovated tenement houses in the city centers. The company has various apartments located in Grodowa, Slowackiego, Szopienice, Szopienicka, and Kopernika.