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First Rock Real Estate Investments (XJAM:FIRSTROCKJMD) Interest Coverage : 0 (At Loss) (As of . 20)


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What is First Rock Real Estate Investments 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. First Rock Real Estate Investments's Operating Income for the six months ended in . 20 was JMD0.00 Mil. First Rock Real Estate Investments's Interest Expense for the six months ended in . 20 was JMD0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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


XJAM:FIRSTROCKJMD's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 44.28
* Ranked among companies with meaningful Interest Coverage only.

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


First Rock Real Estate Investments Interest Coverage Historical Data

The historical data trend for First Rock Real Estate Investments'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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First Rock Real Estate Investments Interest Coverage Chart

First Rock Real Estate Investments Annual Data
Trend
Interest Coverage

First Rock Real Estate Investments Semi-Annual Data
Interest Coverage

Competitive Comparison of First Rock Real Estate Investments's Interest Coverage

For the Asset Management subindustry, First Rock Real Estate Investments'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.


First Rock Real Estate Investments's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Rock Real Estate Investments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Rock Real Estate Investments's Interest Coverage falls into.



First Rock Real Estate Investments 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.

First Rock Real Estate Investments's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, First Rock Real Estate Investments's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

First Rock Real Estate Investments had no debt (1).

First Rock Real Estate Investments's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, First Rock Real Estate Investments's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

First Rock Real Estate Investments had no debt (1).

* 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.


First Rock Real Estate Investments  (XJAM:FIRSTROCKJMD) 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 .


First Rock Real Estate Investments Interest Coverage Related Terms

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First Rock Real Estate Investments (XJAM:FIRSTROCKJMD) Business Description

Comparable Companies
Traded in Other Exchanges
Address
Bourbon House, 1 Bourbon Street, Castries, Saint Lucia, JAM
First Rock Real Estate Investments Ltd is engaged in holding investments and controlling the operations of its subsidiaries. The company focus is to provide its shareholders with a tax-efficient vehicle, offering an enhanced level of income, above average dividend yield and preservation of capital through the diversification of assets.

First Rock Real Estate Investments (XJAM:FIRSTROCKJMD) Headlines

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