Warehouses De Pauw (XBRU:WDP) Interest Coverage : 1.80 (As of Dec. 2023)

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What is Warehouses De Pauw 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. Warehouses De Pauw's Operating Income for the three months ended in Dec. 2023 was €72.2 Mil. Warehouses De Pauw's Interest Expense for the three months ended in Dec. 2023 was €-40.1 Mil. Warehouses De Pauw's interest coverage for the quarter that ended in Dec. 2023 was 1.80. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Warehouses De Pauw's Interest Coverage or its related term are showing as below:

XBRU:WDP' s Interest Coverage Range Over the Past 10 Years
Min: 7.55 Med: 8.97 Max: 14.55
Current: 14.55

XBRU:WDP's Interest Coverage is ranked better than
82.44% of 672 companies
in the REITs industry
Industry Median: 2.98 vs XBRU:WDP: 14.55

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

Warehouses De Pauw Interest Coverage Historical Data

The historical data trend for Warehouses De Pauw'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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Warehouses De Pauw Interest Coverage Chart

Warehouses De Pauw Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.33

9.70

11.58

9.06

4.38

Warehouses De Pauw Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															6.48	-	N/A	7.66	1.80

Competitive Comparison of Warehouses De Pauw's Interest Coverage

For the REIT - Industrial subindustry, Warehouses De Pauw'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.

Warehouses De Pauw's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Warehouses De Pauw's Interest Coverage falls into.

Warehouses De Pauw 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.

Warehouses De Pauw'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, Warehouses De Pauw's Interest Expense was €-70.2 Mil. Its Operating Income was €307.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,232.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	307.501	/	-70.209
	=	4.38

Warehouses De Pauw's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Warehouses De Pauw's Interest Expense was €-40.1 Mil. Its Operating Income was €72.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,232.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	72.22	/	-40.108
	=	1.80

The higher the ratio, the stronger the company's Financial Strength is.

Warehouses De Pauw (XBRU:WDP) 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 .

Warehouses De Pauw Interest Coverage Related Terms

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

Warehouses De Pauw (XBRU:WDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Warehouses De Pauw SA (XBRU:WDP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

WDPSF:USA 0MU2:UK WPHB:Germany

Address

Blakebergen 15, Meise, Wolvertem, BEL, B-1861

Website

https://www.wdp.eu

Warehouses De Pauw is a real estate investment trust engaged in the acquisition and development of storage, distribution, and semi-industrial facilities throughout Europe. The vast majority of the company's real estate portfolio in terms of square footage and total rental value is made up of general warehouse space, while offices represent a smaller amount. These properties are mainly located in Belgium and the Netherlands near large transportation hubs. Warehouses De Pauw derives nearly all of its revenue in the form of rental income from the same two countries. The company's tenants in terms of revenue include solar panels, third-party logistics firms, and food industry companies. Warehouses De Pauw is also active in the logistics property markets of France and Romania.

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