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JBG SMITH Properties (JBG SMITH Properties) Interest Coverage : 0.07 (As of Mar. 2024)


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What is JBG SMITH 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. JBG SMITH Properties's Operating Income for the three months ended in Mar. 2024 was $2.0 Mil. JBG SMITH Properties's Interest Expense for the three months ended in Mar. 2024 was $-26.2 Mil. JBG SMITH Properties's interest coverage for the quarter that ended in Mar. 2024 was 0.07. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. JBG SMITH Propertiess earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

JBGS' s Interest Coverage Range Over the Past 10 Years
Min: 0.28   Med: 1.13   Max: 2.48
Current: 0.44


JBGS's Interest Coverage is ranked worse than
96.28% of 672 companies
in the REITs industry
Industry Median: 2.98 vs JBGS: 0.44

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


JBG SMITH Properties Interest Coverage Historical Data

The historical data trend for JBG SMITH 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.

* Premium members only.

JBG SMITH Properties Interest Coverage Chart

JBG SMITH Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 - - 0.28 0.53

JBG SMITH Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.37 0.72 0.72 0.32 0.07

Competitive Comparison of JBG SMITH Properties's Interest Coverage

For the REIT - Office subindustry, JBG SMITH 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.


JBG SMITH Properties's Interest Coverage Distribution in the REITs Industry

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

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



JBG SMITH 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.

JBG SMITH 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, JBG SMITH Properties's Interest Expense was $-91.1 Mil. Its Operating Income was $48.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,575.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*47.951/-91.059
=0.53

JBG SMITH Properties's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, JBG SMITH Properties's Interest Expense was $-26.2 Mil. Its Operating Income was $2.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,609.8 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.955/-26.215
=0.07

* 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.


JBG SMITH Properties  (NYSE:JBGS) 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 .


JBG SMITH Properties Interest Coverage Related Terms

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


JBG SMITH Properties (JBG SMITH Properties) Business Description

Traded in Other Exchanges
N/A
Address
4747 Bethesda Avenue, Suite 200, Bethesda, MD, USA, 20814
JBG SMITH Properties is a real estate investment trust based in the United States. It owns, operates, invests in and develops real estate assets concentrated in urban infill submarkets in and around Washington, DC. In addition, the company also provides fee-based real estate services to the legacy funds through its third-party real estate services business. The operating segments of the company are commercial, multifamily and third-party asset management and real estate services.
Executives
Angela Valdes officer: Chief Accounting Officer 1600 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Kevin Reynolds officer: Co-Chief Development Officer C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Steven A Museles officer: Chief Legal Off. & Corp Secy
Madhumita Moina Banerjee officer: EVP, HEAD OF CAPITAL MARKETS C/O JBG SMITH PROPERTIES, 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
David Peter Paul officer: Pres. & Chief Operating Off. C/O JBG/OPERATING PARTNERS, 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Robert Alexander Stewart director, officer: Executive Vice Chairman C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
George Laucks Xanders officer: Chief Investment Officer C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA MD 20814
Scott A Estes director WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Alan S Forman director 55 WHITNEY AVENUE, 5TH FLOOR, NEW HAVEN CT 06511
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Charles E Haldeman director C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Alisa Michelle Mall director C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA MD 20814
Michael J Glosserman director THE JBG COMPANIES, 4445 WILLARD AVENUE, 4TH FLOOR, CHEVY CHASE MD 20815
University Yale director YALE UNIVERSITY INVESTMENTS OFFICE, 55 WHITNEY AVENUE 5TH FLOOR, NEW HAVEN CT 06510-1300
James Lee Iker officer: Chief Investment Officer C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815