Saul Centers (Saul Centers) Interest Coverage : 2.48 (As of Dec. 2023)

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What is Saul Centers 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. Saul Centers's Operating Income for the three months ended in Dec. 2023 was $30.1 Mil. Saul Centers's Interest Expense for the three months ended in Dec. 2023 was $-12.1 Mil. Saul Centers's interest coverage for the quarter that ended in Dec. 2023 was 2.48. 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. Saul Centers Inc interest coverage is 2.5, which is low.

The historical rank and industry rank for Saul Centers's Interest Coverage or its related term are showing as below:

BFS' s Interest Coverage Range Over the Past 10 Years
Min: 2.14 Med: 2.4 Max: 2.62
Current: 2.5

BFS's Interest Coverage is ranked worse than
58.16% of 674 companies
in the REITs industry
Industry Median: 2.98 vs BFS: 2.50

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

Saul Centers Interest Coverage Historical Data

The historical data trend for Saul Centers'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.

* Premium members only.

Saul Centers Interest Coverage Chart

Saul Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.62

2.14

2.45

2.62

2.50

Saul Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.41	2.59	2.50	2.44	2.48

Competitive Comparison of Saul Centers's Interest Coverage

For the REIT - Retail subindustry, Saul Centers'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.

Saul Centers's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Saul Centers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saul Centers's Interest Coverage falls into.

Saul Centers 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.

Saul Centers'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, Saul Centers's Interest Expense was $-47.2 Mil. Its Operating Income was $118.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,112.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	118.179	/	-47.198
	=	2.50

Saul Centers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Saul Centers's Interest Expense was $-12.1 Mil. Its Operating Income was $30.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,112.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	30.098	/	-12.114
	=	2.48

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

Saul Centers (NYSE:BFS) 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 .

Saul Centers Interest Coverage Related Terms

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

Saul Centers (Saul Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (NYSE:BFS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BFSpE.PFD:USA BFSpD.PFD:USA SA4:Germany

Address

7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522

Website

https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

Executives

Saul B Francis Ii	director, 10 percent owner, officer: Chief Executive Officer	8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard	officer: Senior Vice President & CFO	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson	officer: Executive V.P.-Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton	director	BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr	director	1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci	director
James Page Lansdale	officer: Exec. VP - Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman	officer: Sr. V.P./Chief Acctng Officer	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan	director	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich	officer: Sr. VP-Acquisitions & Dev.
Lori Godby	officer: Senior Vice Pres.-Residential	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland	officer: SVP, Office and Retail	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock	director, officer: VP-Residential Development	7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814