Capital Properties (Capital Properties) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Capital Properties 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. Capital Properties's Operating Income for the three months ended in Dec. 2023 was $0.86 Mil. Capital Properties's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Capital Properties has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Capital Properties Inc has no debt.

(1) 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.

The historical rank and industry rank for Capital Properties's Interest Coverage or its related term are showing as below:

CPTP' s Interest Coverage Range Over the Past 10 Years
Min: 3.9 Med: No Debt Max: No Debt
Current: No Debt

CPTP's Interest Coverage is ranked better than
99.7% of 1350 companies
in the Real Estate industry
Industry Median: 3.97 vs CPTP: No Debt

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

Capital Properties Interest Coverage Historical Data

The historical data trend for Capital Properties'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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Capital Properties Interest Coverage Chart

Capital Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Capital Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Capital Properties's Interest Coverage

For the Real Estate Services subindustry, Capital Properties'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.

Capital Properties's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Capital Properties's Interest Coverage falls into.

Capital Properties 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.

Capital Properties'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, Capital Properties's Interest Expense was $0.00 Mil. Its Operating Income was $3.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Capital Properties had no debt ⁽¹⁾.

Capital Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Capital Properties's Interest Expense was $0.00 Mil. Its Operating Income was $0.86 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Capital Properties had no debt ⁽¹⁾.

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

Capital Properties (OTCPK:CPTP) 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 .

Capital Properties Interest Coverage Related Terms

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

Capital Properties (Capital Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Capital Properties Inc (OTCPK:CPTP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Steeple Street, Unit 303, Providence, RI, USA, 02903

Website

https://capitalpropertiesinc.com

Capital Properties Inc is a real estate company. The company's business activities include the long-term leasing of certain real estate interests in downtown Providence, Rhode Island, the leasing of a portion of its building under short-term leasing arrangements, and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts. The properties of the company include historic buildings in and adjacent to the Capital Center District in Providence, Rhode Island, as well as owns several locations on which billboard faces are constructed. Its only operating segment is Leasing.

Executives

Daniel T Noreck	director	75 HAMMOND STREET, WORCESTER MA 01610
Linda Eder	other: See Remarks	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Eder 2022 Community Property Trust	10 percent owner	220 SUNRISE AVENUE, SUITE 205, PALM BEACH FL 33480
Robert H Eder	director, 10 percent owner, officer: CEO & President	5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Susan R. Johnson	officer: Treasurer	5 STEEPLE STREET, UNIT 303, PROVIDENCE RI 02903
Steven G Triedman	director	25 POWER STREET, PROVIDENCE RI 02903
P Scott Conti	officer: President	75 HAMMOND STREET, WORCESTER MA 01610
Craig M Scott	director	75 HAMMOND STREET, WORCESTER MA 01610
Matthew C Baum	director	152 IRVING AVENUE, PROVIDENCE RI 02906
Todd D Turcotte	officer: Vice President	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Roy J Nirschel	director	45 FERRY ROAD, BRISTOL RI 02809
Alfred J Corso	director	6 LEWIS STREET, BARRINGTON RI 02806
Stephen J Carlotti	10 percent owner	1500 FLEET CENTER, PROVIDENCE RI 02903
Barbara J Dreyer	officer: Treasurer
Harris N Rosen	director