VER has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
VER has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. VEREIT's Operating Income for the three months ended in Sep. 2021 was $142 Mil. VEREIT's Interest Expense for the three months ended in Sep. 2021 was $-60 Mil. VEREIT's interest coverage for the quarter that ended in Sep. 2021 was 2.38. The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies interest coverage is at least 5. VEREIT Inc interest coverage is 2.21, which is low.
The historical rank and industry rank for VEREIT'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 VEREIT'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.
VEREIT Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 1.11 | 1.06 | 1.52 | 2.02 | 1.98 |
VEREIT Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Interest Coverage | Get a 7-Day Free Trial | 2.10 | 1.89 | 2.26 | 2.35 | 2.38 |
For the REIT - Diversified subindustry, VEREIT'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 REITs industry and Real Estate sector, VEREIT's Interest Coverage distribution charts can be found below:
* The bar in red indicates where VEREIT'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.
VEREIT's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as
Here, for the fiscal year that ended in Dec. 2020, VEREIT's Interest Expense was $-266 Mil. Its Operating Income was $525 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,122 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2020 ) | / | Interest Expense (A: Dec. 2020 ) |
= | -1 | * | 525.042 | / | -265.66 | |
= | 1.98 |
VEREIT's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as
Here, for the three months ended in Sep. 2021, VEREIT's Interest Expense was $-60 Mil. Its Operating Income was $142 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,775 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2021 ) | / | Interest Expense (Q: Sep. 2021 ) |
= | -1 | * | 142.233 | / | -59.768 | |
= | 2.38 |
* 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.
VEREIT (NYSE:VER) 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 VEREIT's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Hogan Preusse | director | C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042 |
Julie Richardson | director | YEXT, INC., 1 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10010 |
Eugene A Pinover | director | 333 CENTRAL PARK WEST, APT 66 NEW YORK NY 10025 |
Hugh R Frater | director, other: Non-Executive Chairman | C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005 |
Glenn J Rufrano | director, officer: Chief Executive Officer | C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036 |
Gavin Brandon | officer: SVP & Chief Accounting Officer | 2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016 |
Mark S Ordan | director | 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814 |
David Henry | director | 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042 |
Richard J Lieb | director | C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022 |
Paul H Mcdowell | officer: See Remarks | 110 MAIDEN LANE, NEW YORK NY 10005 |
Michael J. Bartolotta | officer: See Remarks | 7 VIK DRIVE, WARWICK NY 10990 |
Lauren Goldberg | officer: See Remarks | 23 W. 73RD. ST. #508 NEW YORK NY 10023 |
Thomas W Roberts | officer: See Remarks | 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX NY 85016 |
Miller William Craig Jr. | officer: See Remarks | 315 PONDFIELD ROAD BRONXVILLE NY 10708 |
Bruce D Frank | director | 405 PARK AVENUE, NEW YORK NY 10022 |
From GuruFocus
By PRNewswire PRNewswire • 07-16-2021
By GuruFocus Research GuruFocus Editor • 11-03-2020
By PRNewswire PRNewswire • 02-24-2021
By GuruFocus Research GuruFocus Editor • 11-11-2020
By PRNewswire PRNewswire • 08-21-2020
By Business Wire Business Wire • 04-29-2021
By PRNewswire PRNewswire • 12-03-2020
By PRNewswire PRNewswire • 09-29-2020
By PRNewswire PRNewswire • 01-22-2021
By PRNewswire PRNewswire • 12-17-2020
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.