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Real Matters Interest Coverage

: 102.21 (As of Jun. 2021)
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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. Real Matters's Operating Income for the three months ended in Jun. 2021 was C$12.2 Mil. Real Matters's Interest Expense for the three months ended in Jun. 2021 was C$-0.1 Mil. Real Matters's interest coverage for the quarter that ended in Jun. 2021 was 102.21. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Real Matters Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

TSX:REAL' s Interest Coverage Range Over the Past 10 Years
Min: 2.14   Med: 89.4   Max: 137.31
Current: 137.31

2.14
137.31

TSX:REAL's Interest Coverage is ranked lower than
99.99% of the 236 Companies
in the Software industry.

( Industry Median: 90.30 vs. TSX:REAL: 137.31 )

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


Real Matters Interest Coverage Historical Data

The historical data trend for Real Matters'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.

Real Matters Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Interest Coverage
Premium Member Only Premium Member Only - - - 89.40 132.60

Real Matters Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 154.26 185.68 122.23 134.28 102.21

Competitive Comparison

For the Software - Application subindustry, Real Matters'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.

   

Real Matters Interest Coverage Distribution

For the Software industry and Technology sector, Real Matters's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Real Matters's Interest Coverage falls into.



Real Matters 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.


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

Real Matters's Interest Coverage for the fiscal year that ended in Sep. 2020 is calculated as

Here, for the fiscal year that ended in Sep. 2020, Real Matters's Interest Expense was C$-0.7 Mil. Its Operating Income was C$86.5 Mil. And its Long-Term Debt & Capital Lease Obligation was C$8.7 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2020 )/Interest Expense (A: Sep. 2020 )
=-1*86.484510001721/-0.65223900001298
=132.60

Real Matters's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the three months ended in Jun. 2021, Real Matters's Interest Expense was C$-0.1 Mil. Its Operating Income was C$12.2 Mil. And its Long-Term Debt & Capital Lease Obligation was C$8.3 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2021 )/Interest Expense (Q: Jun. 2021 )
=-1*12.240773999471/-0.11975599999483
=102.21

* 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.


Real Matters  (TSX:REAL) 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 .


Real Matters Interest Coverage Related Terms

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


Real Matters Business Description

Real Matters logo
Industry
Technology » Software NAICS : 511210 SIC : 7721
Traded in Other Exchanges
Address
50 Minthorn Boulevard, Suite 401, Markham, ON, CAN, L3T 7X8
Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title and Canada. The company generates maximum revenue from the U.S. Appraisal segment. Its U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, and home equity transactions through its Solidifi brand.

Real Matters Headlines

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