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Crossroads Impact (Crossroads Impact) Interest Coverage : 1.04 (As of Jul. 2022)


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What is Crossroads Impact 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. Crossroads Impact's Operating Income for the three months ended in Jul. 2022 was $0.11 Mil. Crossroads Impact's Interest Expense for the three months ended in Jul. 2022 was $-0.11 Mil. Crossroads Impact's interest coverage for the quarter that ended in Jul. 2022 was 1.04. The higher the ratio, the stronger the company's financial strength is.

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


CRDSQ's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.985
* 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.


Crossroads Impact Interest Coverage Historical Data

The historical data trend for Crossroads Impact'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.

Crossroads Impact Interest Coverage Chart

Crossroads Impact Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct18 Oct19 Oct20 Oct21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 3.28 4.93 7.84 509.61

Crossroads Impact Quarterly Data
Jul16 Oct16 Jan17 Apr17 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
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 1,492.58 - 534.40 57.76 1.04

Competitive Comparison of Crossroads Impact's Interest Coverage

For the Real Estate Services subindustry, Crossroads Impact'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.


Crossroads Impact's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Crossroads Impact's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Crossroads Impact's Interest Coverage falls into.



Crossroads Impact 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.

Crossroads Impact's Interest Coverage for the fiscal year that ended in Oct. 2021 is calculated as

Here, for the fiscal year that ended in Oct. 2021, Crossroads Impact's Interest Expense was $-0.48 Mil. Its Operating Income was $243.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,176.25 Mil.

Interest Coverage=-1* Operating Income (A: Oct. 2021 )/Interest Expense (A: Oct. 2021 )
=-1*243.085/-0.477
=509.61

Crossroads Impact's Interest Coverage for the quarter that ended in Jul. 2022 is calculated as

Here, for the three months ended in Jul. 2022, Crossroads Impact's Interest Expense was $-0.11 Mil. Its Operating Income was $0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,335.67 Mil.

Interest Coverage=-1* Operating Income (Q: Jul. 2022 )/Interest Expense (Q: Jul. 2022 )
=-1*0.109/-0.105
=1.04

* 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.


Crossroads Impact  (OTCPK:CRDSQ) 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 .


Crossroads Impact Interest Coverage Related Terms

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


Crossroads Impact (Crossroads Impact) Business Description

Traded in Other Exchanges
N/A
Address
4514 Cole Avenue, Suite 1600, Dallas, TX, USA, 75205
Crossroads Impact Corp is a holding company. The company is focused on investing in businesses that promote economic vitality and community development.
Executives
Claire Gogel director C/O SUNEDISON, INC., 13736 RIVERPORT DRIVE, SUITE 180, MARYLAND HEIGHTS MO 63043
210/crds Investment Llc 10 percent owner, other: See Explanation of Responses 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
C Clark Webb director, other: See Explanation of Responses 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Robert H Alpert director, other: See Explanation of Responses 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc other: See Explanation of Responses 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Lone Star Value Co-invest I, Lp other: See Footnote 1 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Management Llc other: See Footnote 1 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc other: See Footnote 1 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp other: See Footnote 1 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Jeffrey E. Eberwein other: See Footnote 1 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Coleman Richard Kenneth Jr. director, officer: Executive Director 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Jennifer Crane officer: Chief Financial Officer 11000 N. MOPAC EXPRESSWAY, AUSTIN TX 78759
Mark C Hood officer: Executive Vice President C/O CROSSROADS SYSTEMS, INC., 11000 N. MOPAC EXPRESSWAY #150, AUSTIN TX 78759
Robert G. Pearse director 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Don Pearce director 11000 N. MOPAC, AUSTIN TX 78759