GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Renta Corporacion Real Estate SA (XMAD:REN) » Definitions » Interest Coverage

Rentaoracion Real Estate (XMAD:REN) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Rentaoracion Real Estate 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. Rentaoracion Real Estate's Operating Income for the six months ended in Dec. 2023 was €-6.78 Mil. Rentaoracion Real Estate's Interest Expense for the six months ended in Dec. 2023 was €-1.30 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Rentaoracion Real Estate's Interest Coverage or its related term are showing as below:


XMAD:REN's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.955
* 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.


Rentaoracion Real Estate Interest Coverage Historical Data

The historical data trend for Rentaoracion Real Estate'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.

Rentaoracion Real Estate Interest Coverage Chart

Rentaoracion Real Estate 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 5.24 - 2.58 0.65 -

Rentaoracion Real Estate Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.49 4.74 - - -

Competitive Comparison of Rentaoracion Real Estate's Interest Coverage

For the Real Estate Services subindustry, Rentaoracion Real Estate'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.


Rentaoracion Real Estate's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Rentaoracion Real Estate's Interest Coverage falls into.



Rentaoracion Real Estate 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.

Rentaoracion Real Estate'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, Rentaoracion Real Estate's Interest Expense was €-3.79 Mil. Its Operating Income was €-6.93 Mil. And its Long-Term Debt & Capital Lease Obligation was €8.41 Mil.

Rentaoracion Real Estate did not have earnings to cover the interest expense.

Rentaoracion Real Estate's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Rentaoracion Real Estate's Interest Expense was €-1.30 Mil. Its Operating Income was €-6.78 Mil. And its Long-Term Debt & Capital Lease Obligation was €8.41 Mil.

Rentaoracion Real Estate did not have earnings to cover the interest expense.

* 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.


Rentaoracion Real Estate  (XMAD:REN) 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 .


Rentaoracion Real Estate Interest Coverage Related Terms

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


Rentaoracion Real Estate (XMAD:REN) Business Description

Traded in Other Exchanges
Address
Via Augusta 252-260, 5th Floor, Barcelona, ESP, 08017
Renta Corporacion Real Estate SA is engaged in the acquisition, added-value transformation, and sale of real estate properties. The Group's segment comprises Residential, Offices, Retail, Logistics, and Hotels. The majority of the firm's revenue gets derived from Real estate sales.

Rentaoracion Real Estate (XMAD:REN) Headlines

From GuruFocus

RM LAW Announces Investigation of Resolute Energy Corporation

By PRNewswire PRNewswire 11-29-2018

Resolute Energy Corporation Declares Dividend on Preferred Stock

By GlobeNewswire GlobeNewswire 03-22-2018

Resolute Energy Corporation Declares Dividend on Preferred Stock

By GlobeNewswire GlobeNewswire 12-19-2018