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. The Howard Hughes's
Operating Income
for the
three
months ended in Jun. 2022 was $59 Mil. The Howard Hughes's Interest Expense for the
three
months ended in Jun. 2022 was $-28 Mil.
The Howard Hughes's interest coverage for the quarter that ended in Jun. 2022 was 2.10.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for The Howard Hughes's Interest Coverage or its related term are showing as below:
HHC'
s Interest Coverage Range Over the Past 10 Years
Min: 1.21 Med: 2.59 Max: 75.17
Current: 2.43
HHC's Interest Coverage is ranked worse than 71% of 1355
companies
in the Real Estate industry
Industry Median: 5.25
vs HHC: 2.43
The Howard Hughes Interest Coverage Historical Data
The historical data trend for The Howard Hughes'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.
* Premium members only.
The Howard Hughes Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Interest Coverage
2.59
1.30
1.21
-
1.55
The Howard Hughes Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Interest Coverage
0.55
0.32
6.38
0.46
2.10
Competitive Comparison
For the Real Estate - Diversified subindustry, The Howard Hughes'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.
The Howard Hughes Interest Coverage Distribution
For the Real Estate industry and Real Estate sector, The Howard Hughes's Interest Coverage distribution charts can be found below:
* The bar in red indicates where The Howard Hughes's Interest Coverage falls into.
The Howard Hughes 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:
* 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 Howard Hughes (NYSE:HHC) 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 .
The Howard Hughes Interest Coverage Related Terms
Thank you for viewing the detailed overview of The Howard Hughes's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
The Howard Hughes Corp is a real estate company that develops master-planned communities (MPCs) and is involved in other strategic real estate development opportunities across the United States. The company operates in four segments: Operating Assets, MPCs, Seaport, and Strategic Developments. Operating Assets manages real estate that generates recurring cash flows; MPC develops residential land and sells improved acreage to homebuilders; Seaport encompasses renovated buildings, including restaurants, outdoor bars, and event venues; and Strategic Developments is involved in seeking, planning, and investing in real estate opportunities and development rights. Among those segments, Operating Assets and MPC are the company's most profitable divisions.
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