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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. Green Brick Partners's Operating Income for the three months ended in Sep. 2024 was $114 Mil. Green Brick Partners's Interest Expense for the three months ended in Sep. 2024 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Green Brick Partners'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 Green Brick Partners'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.
Green Brick Partners Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
Green Brick Partners Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
For the Residential Construction subindustry, Green Brick Partners'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 Homebuilding & Construction industry and Consumer Cyclical sector, Green Brick Partners's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Green Brick Partners'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.
Green Brick Partners'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, Green Brick Partners's Interest Expense was $0 Mil. Its Operating Income was $355 Mil. And its Long-Term Debt & Capital Lease Obligation was $357 Mil.
GuruFocus does not calculate Green Brick Partners's interest coverage with the available data. |
Green Brick Partners's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as
Here, for the three months ended in Sep. 2024, Green Brick Partners's Interest Expense was $0 Mil. Its Operating Income was $114 Mil. And its Long-Term Debt & Capital Lease Obligation was $308 Mil.
GuruFocus does not calculate Green Brick Partners's interest coverage with the available data. |
* 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.
Green Brick Partners (NYSE:GRBK) 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 Green Brick Partners's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
James R. Brickman | director, officer: Chief Executive Officer | 3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205 |
Kathleen Olsen | director | 4 BROOKSIDE DRIVE, PORT WASHINGTON NY 11050 |
Richard Arthur Costello | officer: Chief Financial Officer | 2805 DALLAS PARKWAY, SUITE 400, PLANO TX 75093 |
David Einhorn | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Richard S Press | director | 101 BOGLE STREET, WESTON MA 02493 |
Jed Dolson | officer: See Remarks | 3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205 |
Dme Capital Management, Lp | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Dme Advisors Gp, L.l.c. | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Dme Advisors, Lp | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Greenlight Capital Inc | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Elizabeth Blake | director | BIOFUEL ENERGY CORP., 1600 BROADWAY SUITE 2200, DENVER CO 80202 |
Harry Brandler | director | 2 GRAND CENTRAL TOWER, 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Neal J Suit | officer: General Counsel & EVP | C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022 |
Lila A Murphy | director | 2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222 |
John R Farris | director | P.O. BOX 309, FRANKFORT KY 40602-0309 |
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