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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. Bluegreen Vacations Holding's Operating Income for the three months ended in Sep. 2023 was $19.9 Mil. Bluegreen Vacations Holding's Interest Expense for the three months ended in Sep. 2023 was $-19.5 Mil. Bluegreen Vacations Holding's interest coverage for the quarter that ended in Sep. 2023 was 1.02. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Bluegreen Vacations Holding's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Bluegreen Vacations Holding'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.
Bluegreen Vacations Holding Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 0.74 | - | - | 1.46 | 1.13 |
Bluegreen Vacations Holding Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Interest Coverage | Get a 7-Day Free Trial | 1.94 | 0.17 | 0.44 | 1.02 | 1.02 |
For the Resorts & Casinos subindustry, Bluegreen Vacations Holding'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Bluegreen Vacations Holding's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bluegreen Vacations Holding's Interest Coverage falls into.
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.
Bluegreen Vacations Holding's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, Bluegreen Vacations Holding's Interest Expense was $-43.0 Mil. Its Operating Income was $48.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $894.1 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2022 ) | / | Interest Expense (A: Dec. 2022 ) |
= | -1 | * | 48.638 | / | -42.953 | |
= | 1.13 |
Bluegreen Vacations Holding's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, Bluegreen Vacations Holding's Interest Expense was $-19.5 Mil. Its Operating Income was $19.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $941.1 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2023 ) | / | Interest Expense (Q: Sep. 2023 ) |
= | -1 | * | 19.882 | / | -19.458 | |
= | 1.02 |
* 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.
Bluegreen Vacations Holding (NYSE:BVH) 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 .
Thank you for viewing the detailed overview of Bluegreen Vacations Holding's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Abdo | director, 10 percent owner, officer: Vice Chairman of the Board | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
Alan B Levan | director, 10 percent owner, officer: Chairman of the Bd/President | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
De La Osa Jorge | officer: EVP, Chief Legal | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Dusty Tonkin | officer: EVP, Chief Sales Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Mark Nerenhausen | director | 1221 MT CURVE AVE, MINNEAPOLIS MN 55403 |
Ahmad M Wardak | officer: EVP, Chief Brand Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Chanse W Rivera | officer: EVP and CIO | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Arnold Sevell | director | 4960 CONFERENCE WAY N, SUITE 100, BOCA RATON FL 33431 |
Allmand James R Iii | director | PO BOX 267068, WESTON FL 33326 |
Orlando Sharpe | director | C/O SHARPE PROJECT DEVELOPMENTS, INC., 1212 S. ANDREWS AVE., STE. 203, FORT LAUDERDALE FL 33316 |
Lawrence A Cirillo | director | 755 SATURN STREET, APT I 104, JUPITER FL 33477 |
Gregory Adam Haile | director | 401 EAST LAS OLAS BLVD SUITE 800, FORT LAUDERDALE FL 33301 |
Cagnetta Andrew R. Jr. | director | 401 EAST LAS OLAS BOULEVARD, SUITE 800, FORT LAUDERDALE FL 33301 |
Brett Sheppard | officer: Chief Accounting Officer | 201 EAST LAS OLAS BOULEVARD, SUITE 1900, FORT LAUDERDALE FL 33301 |
Winningham Charlie C Ii | director | P. O. BOX 39001, FT LAUDERDALE FL 33303 |
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