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Equity One (Equity One) Interest Coverage : 2.94 (As of Dec. 2016)


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What is Equity One 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. Equity One's Operating Income for the three months ended in Dec. 2016 was $34.7 Mil. Equity One's Interest Expense for the three months ended in Dec. 2016 was $-11.8 Mil. Equity One's interest coverage for the quarter that ended in Dec. 2016 was 2.94. The higher the ratio, the stronger the company's financial strength is.

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


EQY's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.98
* 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.


Equity One Interest Coverage Historical Data

The historical data trend for Equity One'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.

Equity One Interest Coverage Chart

Equity One Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.65 1.82 2.48 2.86

Equity One Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 2.56 2.74 2.63 3.15 2.94

Competitive Comparison of Equity One's Interest Coverage

For the REIT - Retail subindustry, Equity One'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.


Equity One's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Equity One's Interest Coverage falls into.



Equity One 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.

Equity One's Interest Coverage for the fiscal year that ended in Dec. 2016 is calculated as

Here, for the fiscal year that ended in Dec. 2016, Equity One's Interest Expense was $-48.6 Mil. Its Operating Income was $138.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,415.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2016 )/Interest Expense (A: Dec. 2016 )
=-1*138.914/-48.603
=2.86

Equity One's Interest Coverage for the quarter that ended in Dec. 2016 is calculated as

Here, for the three months ended in Dec. 2016, Equity One's Interest Expense was $-11.8 Mil. Its Operating Income was $34.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,415.6 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2016 )/Interest Expense (Q: Dec. 2016 )
=-1*34.655/-11.783
=2.94

* 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.


Equity One  (NYSE:EQY) 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 .


Equity One Interest Coverage Related Terms

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


Equity One (Equity One) Business Description

Traded in Other Exchanges
N/A
Address
Equity One is a retail real estate investment trust that mainly owns and manages neighborhood shopping centers often anchored by supermarkets, drugstores, or discount retail stores. Recently, Equity One owned roughly 160 properties in 13 states, with concentrations in south Florida (27% of assets), the Northeast (27%), California (21%), and north Florida (10%).
Executives
David R Lukes officer: Chief Executive Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Galia Maor director 1600 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Matthew Louis Ostrower officer: CFO 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Michael Makinen officer: Chief Operating Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Cynthia R Cohen director 1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
Jordan Heller director C/O BED BATH & BEYOND INC, 650 LIBERTY AVE, UNION NJ 07083
Mgn America, Llc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Mgn Usa Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH, FL 33179
Mgn (usa) 2016, Llc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Ficus Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Silver Maple (2001) Inc 10 percent owner 303-109 ATLANTIC AVENUE, TORONTO, A6 M6K1X4
Gazit America Inc 10 percent owner 303-109 ATLANTIC AVENUE, TORONTO A6 M6K1X4
Gazit First Generation Ll 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Gazit-globe Ltd 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Gazit 1995 Inc 10 percent owner 1696 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179