GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » All Iron Re I Socimi SA (XMAD:YAI1) » Definitions » Interest Coverage

All Iron Re I Socimi (XMAD:YAI1) Interest Coverage : 1.35 (As of Jun. 2024)


View and export this data going back to 2020. Start your Free Trial

What is All Iron Re I Socimi 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. All Iron Re I Socimi's Operating Income for the six months ended in Jun. 2024 was €2.03 Mil. All Iron Re I Socimi's Interest Expense for the six months ended in Jun. 2024 was €-1.51 Mil. All Iron Re I Socimi's interest coverage for the quarter that ended in Jun. 2024 was 1.35. 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. All Iron Re I Socimi SA interest coverage is 1.19, which is low.

The historical rank and industry rank for All Iron Re I Socimi's Interest Coverage or its related term are showing as below:

XMAD:YAI1' s Interest Coverage Range Over the Past 10 Years
Min: 0.34   Med: 0.84   Max: 1.19
Current: 1.19


XMAD:YAI1's Interest Coverage is ranked worse than
83.57% of 718 companies
in the REITs industry
Industry Median: 2.86 vs XMAD:YAI1: 1.19

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


All Iron Re I Socimi Interest Coverage Historical Data

The historical data trend for All Iron Re I Socimi'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.

All Iron Re I Socimi Interest Coverage Chart

All Iron Re I Socimi Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
- - 0.34 0.99 0.84

All Iron Re I Socimi Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 1.06 0.61 1.03 1.35

Competitive Comparison of All Iron Re I Socimi's Interest Coverage

For the REIT - Diversified subindustry, All Iron Re I Socimi'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.


All Iron Re I Socimi's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, All Iron Re I Socimi's Interest Coverage distribution charts can be found below:

* The bar in red indicates where All Iron Re I Socimi's Interest Coverage falls into.


;
;

All Iron Re I Socimi 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.

All Iron Re I Socimi'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, All Iron Re I Socimi's Interest Expense was €-2.85 Mil. Its Operating Income was €2.40 Mil. And its Long-Term Debt & Capital Lease Obligation was €84.14 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*2.404/-2.853
=0.84

All Iron Re I Socimi's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, All Iron Re I Socimi's Interest Expense was €-1.51 Mil. Its Operating Income was €2.03 Mil. And its Long-Term Debt & Capital Lease Obligation was €83.07 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*2.031/-1.508
=1.35

* 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.


All Iron Re I Socimi  (XMAD:YAI1) 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 .


All Iron Re I Socimi Interest Coverage Related Terms

Thank you for viewing the detailed overview of All Iron Re I Socimi's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


All Iron Re I Socimi Business Description

Traded in Other Exchanges
N/A
Address
Gran Via Don Diego Lopez de Haro, 2nd, 8th floor - Dcha, Bilbao, ESP
All Iron Re I Socimi SA is an alternative investment asset manager investing in private markets in Europe. The company manages investment vehicles in two main areas real estate and venture capital.

All Iron Re I Socimi Headlines

No Headlines