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Fundo De Investimento Imobiliario De Unidades Autonomas II (BSP:IDGR11) Interest Coverage : No Debt (1) (As of Jun. 2023)


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What is Fundo De Investimento Imobiliario De Unidades Autonomas II 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. Fundo De Investimento Imobiliario De Unidades Autonomas II's Operating Income for the six months ended in Jun. 2023 was R$7.11 Mil. Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Expense for the six months ended in Jun. 2023 was R$0.00 Mil. Fundo De Investimento Imobiliario De Unidades Autonomas II has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Fundo De Investimento Imobiliario De Unidades Autonomas II has no debt.

(1) 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.

The historical rank and industry rank for Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage or its related term are showing as below:

BSP:IDGR11' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


BSP:IDGR11's Interest Coverage is ranked better than
98.65% of 446 companies
in the Asset Management industry
Industry Median: 39.795 vs BSP:IDGR11: 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.


Fundo De Investimento Imobiliario De Unidades Autonomas II Interest Coverage Historical Data

The historical data trend for Fundo De Investimento Imobiliario De Unidades Autonomas II'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.

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Fundo De Investimento Imobiliario De Unidades Autonomas II Interest Coverage Chart

Fundo De Investimento Imobiliario De Unidades Autonomas II Annual Data
Trend Jun22 Jun23
Interest Coverage
No Debt No Debt

Fundo De Investimento Imobiliario De Unidades Autonomas II Semi-Annual Data
Jun22 Jun23
Interest Coverage No Debt No Debt

Competitive Comparison of Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage

For the Asset Management subindustry, Fundo De Investimento Imobiliario De Unidades Autonomas II'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.


Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage falls into.



Fundo De Investimento Imobiliario De Unidades Autonomas II 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.

Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Expense was R$0.00 Mil. Its Operating Income was R$7.11 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Fundo De Investimento Imobiliario De Unidades Autonomas II had no debt (1).

Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Expense was R$0.00 Mil. Its Operating Income was R$7.11 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

Fundo De Investimento Imobiliario De Unidades Autonomas II had no debt (1).

* 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.


Fundo De Investimento Imobiliario De Unidades Autonomas II  (BSP:IDGR11) 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 .


Fundo De Investimento Imobiliario De Unidades Autonomas II Interest Coverage Related Terms

Thank you for viewing the detailed overview of Fundo De Investimento Imobiliario De Unidades Autonomas II's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Fundo De Investimento Imobiliario De Unidades Autonomas II (BSP:IDGR11) Business Description

Traded in Other Exchanges
N/A
Address
Rua Bandeira Paulista, 726-28 andar, Conjunto 284, Itaim Bibi, Sao Paulo, SP, BRA
Website
Fundo De Investimento Imobiliario De Unidades Autonomas II is a new investment fund. Its purpose is to invest mainly in the acquisition of real rights over real estate, in particular, built residential properties and, in addition, in the following assets namely certificates of real estate receivables; mortgage bills; real estate credit notes and guaranteed real estate bills.

Fundo De Investimento Imobiliario De Unidades Autonomas II (BSP:IDGR11) Headlines

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