INVL Baltic Real Estate (OVSE:INR1L) Interest Coverage : 1.39 (As of Dec. 2023)

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What is INVL Baltic Real Estate 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. INVL Baltic Real Estate's Operating Income for the six months ended in Dec. 2023 was €0.95 Mil. INVL Baltic Real Estate's Interest Expense for the six months ended in Dec. 2023 was €-0.68 Mil. INVL Baltic Real Estate's interest coverage for the quarter that ended in Dec. 2023 was 1.39. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. INVL Baltic Real Estate interest coverage is 1.71, which is low.

The historical rank and industry rank for INVL Baltic Real Estate's Interest Coverage or its related term are showing as below:

OVSE:INR1L' s Interest Coverage Range Over the Past 10 Years
Min: 1.64 Med: 1.84 Max: 4.76
Current: 1.71

OVSE:INR1L's Interest Coverage is ranked worse than
73.56% of 1335 companies
in the Real Estate industry
Industry Median: 4.05 vs OVSE:INR1L: 1.71

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

INVL Baltic Real Estate Interest Coverage Historical Data

The historical data trend for INVL Baltic Real Estate'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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INVL Baltic Real Estate Interest Coverage Chart

INVL Baltic Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.81

2.86

1.68

1.71

INVL Baltic Real Estate 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															3.36	2.37	1.19	2.31	1.39

Competitive Comparison of INVL Baltic Real Estate's Interest Coverage

For the Real Estate Services subindustry, INVL Baltic Real Estate'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.

INVL Baltic Real Estate's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where INVL Baltic Real Estate's Interest Coverage falls into.

INVL Baltic Real Estate 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.

INVL Baltic Real Estate'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, INVL Baltic Real Estate's Interest Expense was €-1.05 Mil. Its Operating Income was €1.80 Mil. And its Long-Term Debt & Capital Lease Obligation was €17.86 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.8	/	-1.05
	=	1.71

INVL Baltic Real Estate's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, INVL Baltic Real Estate's Interest Expense was €-0.68 Mil. Its Operating Income was €0.95 Mil. And its Long-Term Debt & Capital Lease Obligation was €17.86 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.95	/	-0.682
	=	1.39

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

INVL Baltic Real Estate (OVSE:INR1L) 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 .

INVL Baltic Real Estate Interest Coverage Related Terms

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

INVL Baltic Real Estate (OVSE:INR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » INVL Baltic Real Estate (OVSE:INR1L) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gyneju Street 14, Vilnius, LTU, 01109

Website

https://www.invlbalticrealestate.lt

INVL Baltic Real Estate is a real estate investment company seeks to ensure the growth of rental income and earn from investments in commercial real estate. The companies owned by INVL Baltic Real Estate invested in commercial real estate: business centers, manufacturing and warehouse properties in Lithuania and Latvia. All the properties are characterized by high occupancy rates and generate stable financial flows, most of them has further development potential. INVL Baltic Real Estate is operating as a closed-end investment company. Management of the company was assumed by INVL Asset Management, the leading alternative asset manager in the Baltics, a part of the leading Baltic asset management group Invalda INVL. The company will operate as a closed-end investment company until 2046.

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