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IMW Immobilien SE (STU:GARY) Interest Coverage : 4.85 (As of Mar. 2015)


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What is IMW Immobilien SE 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. IMW Immobilien SE's Operating Income for the six months ended in Mar. 2015 was €13.26 Mil. IMW Immobilien SE's Interest Expense for the six months ended in Mar. 2015 was €-2.74 Mil. IMW Immobilien SE's interest coverage for the quarter that ended in Mar. 2015 was 4.85. The higher the ratio, the stronger the company's financial strength is.

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

STU:GARY' s Interest Coverage Range Over the Past 10 Years
Min: 0.29   Med: 1.6   Max: 9999.99
Current: 2.75


STU:GARY's Interest Coverage is not ranked
in the Real Estate industry.
Industry Median: 3.955 vs STU:GARY: 2.75

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


IMW Immobilien SE Interest Coverage Historical Data

The historical data trend for IMW Immobilien SE'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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IMW Immobilien SE Interest Coverage Chart

IMW Immobilien SE Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.11 3.00 2.23 2.75

IMW Immobilien SE Semi-Annual Data
Mar04 Mar07 Mar08 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.07 0.48 4.27 0.75 4.85

Competitive Comparison of IMW Immobilien SE's Interest Coverage

For the Real Estate - Development subindustry, IMW Immobilien SE'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.


IMW Immobilien SE's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, IMW Immobilien SE's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IMW Immobilien SE's Interest Coverage falls into.



IMW Immobilien SE 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.

IMW Immobilien SE's Interest Coverage for the fiscal year that ended in Mar. 2015 is calculated as

Here, for the fiscal year that ended in Mar. 2015, IMW Immobilien SE's Interest Expense was €-5.60 Mil. Its Operating Income was €15.40 Mil. And its Long-Term Debt & Capital Lease Obligation was €145.10 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2015 )/Interest Expense (A: Mar. 2015 )
=-1*15.402/-5.598
=2.75

IMW Immobilien SE's Interest Coverage for the quarter that ended in Mar. 2015 is calculated as

Here, for the six months ended in Mar. 2015, IMW Immobilien SE's Interest Expense was €-2.74 Mil. Its Operating Income was €13.26 Mil. And its Long-Term Debt & Capital Lease Obligation was €145.10 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2015 )/Interest Expense (Q: Mar. 2015 )
=-1*13.263/-2.737
=4.85

* 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.


IMW Immobilien SE  (STU:GARY) 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 .


IMW Immobilien SE Interest Coverage Related Terms

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


IMW Immobilien SE (STU:GARY) Business Description

Traded in Other Exchanges
N/A
Address
IMW Immobilien SE purchases, manages and sells real estate properties. The Company leases out commercial properties such as office buildings.

IMW Immobilien SE (STU:GARY) Headlines

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