Icade (CDMGF) Interest Coverage : 2.11 (As of Dec. 2023)

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

What is Icade 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. Icade's Operating Income for the six months ended in Dec. 2023 was $124 Mil. Icade's Interest Expense for the six months ended in Dec. 2023 was $-59 Mil. Icade's interest coverage for the quarter that ended in Dec. 2023 was 2.11. The higher the ratio, the stronger the company's financial strength is.

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

CDMGF' s Interest Coverage Range Over the Past 10 Years
Min: 1.63 Med: 2.22 Max: 5.58
Current: 2.4

CDMGF's Interest Coverage is ranked worse than
60.27% of 672 companies
in the REITs industry
Industry Median: 2.98 vs CDMGF: 2.40

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

Icade Interest Coverage Historical Data

The historical data trend for Icade'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.

Icade Interest Coverage Chart

Icade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.28

4.75

5.58

3.69

2.40

Icade Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															5.56	3.89	3.50	2.70	2.11

Competitive Comparison of Icade's Interest Coverage

For the REIT - Diversified subindustry, Icade'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.

Icade's Interest Coverage Distribution in the REITs Industry

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

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

Icade 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.

Icade's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Icade's Interest Expense was $-117 Mil. Its Operating Income was $280 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,981 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	280.044	/	-116.576
	=	2.40

Icade's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Icade's Interest Expense was $-59 Mil. Its Operating Income was $124 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,981 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	124.427	/	-58.997
	=	2.11

The higher the ratio, the stronger the company's Financial Strength is.

Icade (OTCPK:CDMGF) 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 .

Icade Interest Coverage Related Terms

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

Icade (CDMGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Icade (OTCPK:CDMGF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

0K4O:UK ICAD:France 3IC:Germany

Address

Immeuble Open, 27, Rue Camille Desmoulins, Issy-les-Moulineaux, Paris, FRA, 92445

Website

http://www.icade.fr

Icade is a French real estate investment trust primarily involved in the ownership and management of commercial property around Paris. The vast majority of Icade's real estate portfolio is split between office and business park properties. Nearly all of these are located in Greater Paris with roughly half residing in the inner and outer rings of the metro area. Icade derives most of its revenue from its Property Development division through the sale of real estate. Rental income from short- to mid-term leases out of its Property Investment division also represents a substantial revenue stream. Institutional investors, private investors, and buyers represent fairly equal parts of the company's customer orders. Icade also has holdings in healthcare properties outside of the Paris region.