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HIAG Immobilien Holding AG (XSWX:HIAG) Interest Coverage : 4.39 (As of Dec. 2023)


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What is HIAG Immobilien Holding AG 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. HIAG Immobilien Holding AG's Operating Income for the six months ended in Dec. 2023 was CHF28.5 Mil. HIAG Immobilien Holding AG's Interest Expense for the six months ended in Dec. 2023 was CHF-6.5 Mil. HIAG Immobilien Holding AG's interest coverage for the quarter that ended in Dec. 2023 was 4.39. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for HIAG Immobilien Holding AG's Interest Coverage or its related term are showing as below:

XSWX:HIAG' s Interest Coverage Range Over the Past 10 Years
Min: 2.88   Med: 5.3   Max: 7.15
Current: 4.34


XSWX:HIAG's Interest Coverage is ranked better than
51.78% of 1346 companies
in the Real Estate industry
Industry Median: 3.98 vs XSWX:HIAG: 4.34

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


HIAG Immobilien Holding AG Interest Coverage Historical Data

The historical data trend for HIAG Immobilien Holding AG'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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HIAG Immobilien Holding AG Interest Coverage Chart

HIAG Immobilien Holding AG 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 - 4.75 4.97 5.52 4.34

HIAG Immobilien Holding AG 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 5.02 5.04 5.93 4.30 4.39

Competitive Comparison of HIAG Immobilien Holding AG's Interest Coverage

For the Real Estate - Diversified subindustry, HIAG Immobilien Holding AG'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.


HIAG Immobilien Holding AG's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, HIAG Immobilien Holding AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HIAG Immobilien Holding AG's Interest Coverage falls into.



HIAG Immobilien Holding AG 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.

HIAG Immobilien Holding AG'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, HIAG Immobilien Holding AG's Interest Expense was CHF-12.8 Mil. Its Operating Income was CHF55.6 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF630.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*55.589/-12.805
=4.34

HIAG Immobilien Holding AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, HIAG Immobilien Holding AG's Interest Expense was CHF-6.5 Mil. Its Operating Income was CHF28.5 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF630.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*28.474/-6.492
=4.39

* 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.


HIAG Immobilien Holding AG  (XSWX:HIAG) 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 .


HIAG Immobilien Holding AG Interest Coverage Related Terms

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HIAG Immobilien Holding AG (XSWX:HIAG) Business Description

Traded in Other Exchanges
Address
Aeschenplatz 7, Basel, CHE, 4052
HIAG Immobilien Holding AG is a property redevelopment company. The company's portfolio covers 40 sites with a total land area of 2.5 million square meters. Its core business focuses on the management of master plans and building permit procedures, site marketing, the steering of redevelopment processes, and portfolio management, including property administration. About 91% of its real estate portfolio is situated in the economic catchment areas of Zurich/Zug, Baden/Brugg, Basel, and Geneva. The company's business activities are divided into three segments Yielding Portfolio, Development Portfolio, and the Transaction segment.

HIAG Immobilien Holding AG (XSWX:HIAG) Headlines

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