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Polygon Real Estate (XTAE:POLY) Interest Coverage : 1,131.18 (As of Jun. 2024)


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What is Polygon 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. Polygon Real Estate's Operating Income for the six months ended in Jun. 2024 was ₪12.44 Mil. Polygon Real Estate's Interest Expense for the six months ended in Jun. 2024 was ₪-0.01 Mil. Polygon Real Estate's interest coverage for the quarter that ended in Jun. 2024 was 1,131.18. The higher the ratio, the stronger the company's financial strength is.

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


XTAE:POLY's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.895
* 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.


Polygon Real Estate Interest Coverage Historical Data

The historical data trend for Polygon 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.

Polygon Real Estate Interest Coverage Chart

Polygon 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 26.45 33.77 35.42 60.06 829.32

Polygon Real Estate Semi-Annual Data
Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 5.10 - 93.94 - 1,131.18

Competitive Comparison of Polygon Real Estate's Interest Coverage

For the Real Estate Services subindustry, Polygon 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.


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

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

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



Polygon 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.

Polygon 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, Polygon Real Estate's Interest Expense was ₪-0.02 Mil. Its Operating Income was ₪15.76 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*15.757/-0.019
=829.32

Polygon Real Estate's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Polygon Real Estate's Interest Expense was ₪-0.01 Mil. Its Operating Income was ₪12.44 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*12.443/-0.011
=1,131.18

* 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.


Polygon Real Estate  (XTAE:POLY) 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 .


Polygon Real Estate Interest Coverage Related Terms

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Polygon Real Estate Business Description

Traded in Other Exchanges
N/A
Address
Granit Street 8, Petah Tikva, ISR
Website
Polygon Real Estate Ltd provides real estate services. It develops real estate projects. The company operates in the field of real estate within which the company engages in the initiation, development, purchase and construction of commercial buildings as well as the leasing of real estate assets that it owns.

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