GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » InterRent Real Estate Investment Trust (OTCPK:IIPZF) » Definitions » Financial Strength

IIPZF (InterRent Real Estate Investment Trust) Financial Strength : 4 (As of Dec. 2024)


View and export this data going back to 2013. Start your Free Trial

What is InterRent Real Estate Investment Trust Financial Strength?

InterRent Real Estate Investment Trust has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

InterRent Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2024 was 2.59. InterRent Real Estate Investment Trust's debt to revenue ratio for the quarter that ended in Dec. 2024 was 6.79. As of today, InterRent Real Estate Investment Trust's Altman Z-Score is 0.45.


Competitive Comparison of InterRent Real Estate Investment Trust's Financial Strength

For the REIT - Residential subindustry, InterRent Real Estate Investment Trust's Financial Strength, along with its competitors' market caps and Financial Strength 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.


InterRent Real Estate Investment Trust's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, InterRent Real Estate Investment Trust's Financial Strength distribution charts can be found below:

* The bar in red indicates where InterRent Real Estate Investment Trust's Financial Strength falls into.


;
;

InterRent Real Estate Investment Trust Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

InterRent Real Estate Investment Trust's Interest Expense for the months ended in Dec. 2024 was $-10.1 Mil. Its Operating Income for the months ended in Dec. 2024 was $26.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.0 Mil.

InterRent Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2024 is

Interest Coverage=-1*Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*26.152/-10.095
=2.59

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

InterRent Real Estate Investment Trust's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1185.472 + 0.963) / 174.772
=6.79

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

InterRent Real Estate Investment Trust has a Z-score of 0.45, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.45 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.


InterRent Real Estate Investment Trust  (OTCPK:IIPZF) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

InterRent Real Estate Investment Trust has the Financial Strength Rank of 4.


InterRent Real Estate Investment Trust Financial Strength Related Terms

Thank you for viewing the detailed overview of InterRent Real Estate Investment Trust's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


InterRent Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
485 Bank Street, Suite 207, Ottawa, ON, CAN, K2P 1Z2
InterRent Real Estate Investment Trust is an open-ended real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. The company operations are carried out throughout the region of Canada. It derives revenue from investment properties which includes rents from tenants under leases, parking, laundry and other ancillary services.