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Wihlborgs Fastigheter AB (Wihlborgs Fastigheter AB) Interest Coverage : N/A (As of Mar. 2024)


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What is Wihlborgs Fastigheter AB 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. Wihlborgs Fastigheter AB's Operating Income for the three months ended in Mar. 2024 was $66.8 Mil. Wihlborgs Fastigheter AB's Interest Expense for the three months ended in Mar. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. Wihlborgs Fastigheter AB interest coverage is 3.45, which is low.

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

WIHLY' s Interest Coverage Range Over the Past 10 Years
Min: 2.72   Med: 3.63   Max: 6.68
Current: 3.45


WIHLY's Interest Coverage is ranked worse than
53.28% of 1342 companies
in the Real Estate industry
Industry Median: 3.955 vs WIHLY: 3.45

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


Wihlborgs Fastigheter AB Interest Coverage Historical Data

The historical data trend for Wihlborgs Fastigheter AB'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.

Wihlborgs Fastigheter AB Interest Coverage Chart

Wihlborgs Fastigheter AB 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 6.14 6.54 6.68 5.55 2.72

Wihlborgs Fastigheter AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.35 2.93 2.60 2.24 N/A

Competitive Comparison of Wihlborgs Fastigheter AB's Interest Coverage

For the Real Estate Services subindustry, Wihlborgs Fastigheter AB'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.


Wihlborgs Fastigheter AB's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Wihlborgs Fastigheter AB's Interest Coverage falls into.



Wihlborgs Fastigheter AB 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.

Wihlborgs Fastigheter AB'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, Wihlborgs Fastigheter AB's Interest Expense was $-95.7 Mil. Its Operating Income was $260.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,250.7 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*260.392/-95.734
=2.72

Wihlborgs Fastigheter AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Wihlborgs Fastigheter AB's Interest Expense was $0.0 Mil. Its Operating Income was $66.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,765.0 Mil.

GuruFocus does not calculate Wihlborgs Fastigheter AB's interest coverage with the available data.

* 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.


Wihlborgs Fastigheter AB  (OTCPK:WIHLY) 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 .


Wihlborgs Fastigheter AB Interest Coverage Related Terms

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Wihlborgs Fastigheter AB (Wihlborgs Fastigheter AB) Business Description

Traded in Other Exchanges
Address
Box 97, Malmo, SWE, SE-201 20
Wihlborgs Fastigheter AB is a property company that primarily operates in commercial properties based in Sweden. Wihlborgs' portfolio consists of commercial properties in the Oresund region, located in Malmo, Helsingborg, Lund, and Copenhagen. The company manages the property portfolio by acquisition, development, and sale of properties. Wihlborgs generates nearly all of its revenue from property leasing. The business comprises two divisions, namely the property management division, which monitors the local market conditions and organizes the property portfolio geographically, and the project development operation, which is involved in new-build and redevelopment projects, procurement, and follow-up procedures.

Wihlborgs Fastigheter AB (Wihlborgs Fastigheter AB) Headlines

From GuruFocus

Q4 2023 Wihlborgs Fastigheter AB Earnings Call Transcript

By GuruFocus Research 02-14-2024