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First Potomac Realty Trust (First Potomac Realty Trust) Interest Coverage : 0.42 (As of Jun. 2017)


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What is First Potomac Realty Trust 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. First Potomac Realty Trust's Operating Income for the three months ended in Jun. 2017 was $2.52 Mil. First Potomac Realty Trust's Interest Expense for the three months ended in Jun. 2017 was $-6.05 Mil. First Potomac Realty Trust's interest coverage for the quarter that ended in Jun. 2017 was 0.42. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for First Potomac Realty Trust's Interest Coverage or its related term are showing as below:

FPOpA_CL.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 0.41   Med: 0.71   Max: 0.99
Current: 0.74


FPOpA_CL.PFD's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.98 vs FPOpA_CL.PFD: 0.74

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


First Potomac Realty Trust Interest Coverage Historical Data

The historical data trend for First Potomac Realty Trust'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.

First Potomac Realty Trust Interest Coverage Chart

First Potomac Realty Trust 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 0.41 0.53 0.46 - 0.81

First Potomac Realty Trust Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.43 1.23 0.66 0.65 0.42

Competitive Comparison of First Potomac Realty Trust's Interest Coverage

For the REIT - Office subindustry, First Potomac Realty Trust'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.


First Potomac Realty Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, First Potomac Realty Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Potomac Realty Trust's Interest Coverage falls into.



First Potomac Realty Trust 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.

First Potomac Realty Trust'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, First Potomac Realty Trust's Interest Expense was $-26.37 Mil. Its Operating Income was $21.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $595.62 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2016 )/Interest Expense (A: Dec. 2016 )
=-1*21.362/-26.37
=0.81

First Potomac Realty Trust's Interest Coverage for the quarter that ended in Jun. 2017 is calculated as

Here, for the three months ended in Jun. 2017, First Potomac Realty Trust's Interest Expense was $-6.05 Mil. Its Operating Income was $2.52 Mil. And its Long-Term Debt & Capital Lease Obligation was $571.18 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2017 )/Interest Expense (Q: Jun. 2017 )
=-1*2.52/-6.053
=0.42

* 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.


First Potomac Realty Trust  (NYSE:FPOpA_CL.PFD) 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 .


First Potomac Realty Trust Interest Coverage Related Terms

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


First Potomac Realty Trust (First Potomac Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
First Potomac Realty Trust is a real estate investment trust engaged in the ownership, management, and development of commercial properties in the greater Washington D.C. area. The company's real estate portfolio is primarily composed of a mix of single-tenant and multi-tenant office properties and business parks. These assets are fairly evenly distributed between the Washington D.C., Maryland, Northern Virginia, and Southern Virginia regions in terms of square footage. First Potomac derives the vast majority of its revenue in the form of rental income from tenants. Most of this revenue comes from its properties located in Maryland and Northern Virginia. The company's largest tenants are U.S. government entities and government contractors.
Executives
Andrew P Blocher officer: EVP, CFO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Thomas E Robinson other: Trustee 309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
James P Hoffmann other: Trustee FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Terry L Stevens other: Trustee 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael H Comer officer: SVP, CAO FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Robert H Arnold other: Trustee 129 E.69TH ST., NEW YORK NY 10021
Robert Milkovich officer: President, CEO and COO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Samantha Sacks Gallagher officer: EVP and General Counsel C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022
Kati M. Penney other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
First Potomac Realty Trust other: Trustee 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Joel F Bonder officer: Executive VP, GC & Secretary FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Timothy M Zulick officer: Senior Vice President FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA X1 20814
Richard B Chess director 3821 DARBY DR, MIDLOTHIAN VA 23113
R Michael Mccullough director 8270 GREENSBORO DR STE 950, MCLEAN VA 22102
Heller J Roderick Iii director C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814

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