Education Realty Trust (Education Realty Trust) Interest Coverage : 1.09 (As of Jun. 2018)

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What is Education 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. Education Realty Trust's Operating Income for the three months ended in Jun. 2018 was $4.5 Mil. Education Realty Trust's Interest Expense for the three months ended in Jun. 2018 was $-4.1 Mil. Education Realty Trust's interest coverage for the quarter that ended in Jun. 2018 was 1.09. The higher the ratio, the stronger the company's financial strength is.

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

EDR'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.

Education Realty Trust Interest Coverage Historical Data

The historical data trend for Education 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.

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Education Realty Trust Interest Coverage Chart

Education Realty Trust Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Coverage

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1.39

2.20

3.98

4.27

Education Realty Trust Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Interest Coverage	Get a 7-Day Free Trial															2.82	1.02	5.95	5.14	1.09

Competitive Comparison of Education Realty Trust's Interest Coverage

For the REIT - Residential subindustry, Education 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.

Education Realty Trust's Interest Coverage Distribution in the REITs Industry

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

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

Education 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.

Education Realty Trust's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Education Realty Trust's Interest Expense was $-15.3 Mil. Its Operating Income was $65.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $933.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2017 )	/	Interest Expense (A: Dec. 2017 )
	=	-1	*	65.267	/	-15.268
	=	4.27

Education Realty Trust's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, Education Realty Trust's Interest Expense was $-4.1 Mil. Its Operating Income was $4.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $992.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2018 )	/	Interest Expense (Q: Jun. 2018 )
	=	-1	*	4.509	/	-4.122
	=	1.09

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

Education Realty Trust (NYSE:EDR) 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 .

Education Realty Trust Interest Coverage Related Terms

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

Education Realty Trust (Education Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Education Realty Trust Inc (NYSE:EDR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.EDRTrust.com

Education Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of collegiate housing communities located near university campuses throughout the United States. In terms of the total number of residential communities and the total number of beds, the majority of the company's real estate portfolio is located in the Mid-Atlantic and South Central regions of the United States. Nearly all of Education Realty's revenue is derived from short-term collegiate housing leases. Most of this revenue is generated by the company's holdings in the Mid-Atlantic and South Central regions. Real estate markets surrounding universities in Kentucky and Texas represent some of Education Realty's largest individual markets.

Executives

John T Thomas	director	309 N. WATER STREET, SUITE 500, MILWAUKEE WI 53202
Brewer Edwin B Jr	officer: Executive VP and CFO	C/O EDUCATION REALTY TRUST, INC., 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Howard A Silver	director	999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Randy L Churchey	director, officer: Chairman and CEO	999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
John V Arabia	director	200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Randall H Brown	officer: Exec. VP, CFO and Treasurer	2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211