CBL & Associates Properties (CBL & Associates Properties) Interest Coverage : 0.89 (As of Dec. 2023)

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What is CBL & Associates Properties 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. CBL & Associates Properties's Operating Income for the three months ended in Dec. 2023 was $37.7 Mil. CBL & Associates Properties's Interest Expense for the three months ended in Dec. 2023 was $-42.3 Mil. CBL & Associates Properties's interest coverage for the quarter that ended in Dec. 2023 was 0.89. 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. CBL & Associates Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for CBL & Associates Properties's Interest Coverage or its related term are showing as below:

CBL' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 0.57 Max: 1.05
Current: 0.54

CBL's Interest Coverage is ranked worse than
95.12% of 676 companies
in the REITs industry
Industry Median: 2.985 vs CBL: 0.54

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

CBL & Associates Properties Interest Coverage Historical Data

The historical data trend for CBL & Associates Properties'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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CBL & Associates Properties Interest Coverage Chart

CBL & Associates Properties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

1.05

0.59

N/A

0.22

0.54

CBL & Associates Properties Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial										0.67	0.29	0.41	0.58	0.89

Competitive Comparison of CBL & Associates Properties's Interest Coverage

For the REIT - Retail subindustry, CBL & Associates Properties'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.

CBL & Associates Properties's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties's Interest Coverage falls into.

CBL & Associates Properties 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.

CBL & Associates Properties'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, CBL & Associates Properties's Interest Expense was $-172.9 Mil. Its Operating Income was $93.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,969.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	93.355	/	-172.905
	=	0.54

CBL & Associates Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, CBL & Associates Properties's Interest Expense was $-42.3 Mil. Its Operating Income was $37.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,969.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	37.695	/	-42.317
	=	0.89

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

CBL & Associates Properties (NYSE:CBL) 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 .

CBL & Associates Properties Interest Coverage Related Terms

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

CBL & Associates Properties (CBL & Associates Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (NYSE:CBL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CAZ0:Germany

Address

2030 Hamilton Place Boulevard, Suite 500, Chattanooga, TN, USA, 37421

Website

https://www.cblproperties.com

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.

Executives

Andrew Franklin Cobb	officer: Exec VP-Accounting	1563 QUIET POND DR, CHATTANOOGA TN 37415
Benjamin W Jaenicke	officer: Exec VP - Finance	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Michael A Torres	director	MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Joseph Khalili	officer: EVP Financial Planning & Anlys	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Jennifer Cope	officer: EVP Ops Services & Risk Mgmt	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
David J Contis	director	2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffery V. Curry	officer: Interim Chief Legal Officer	4019 BREAKWATER DR, HIXON TN 37343
Charles B Lebovitz	director, 10 percent owner, officer: Chairman and CEO	CBL & ASSOCIATES PROPERTIES INC, ONE PARK PLACE 6148 LEE HWY, CHATTANOOGA TN 37421
Strategic Value Partners, Llc	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strategic Value Special Situations Offshore Fund V, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jonathan M Heller	director, other: Member of 10% owner group	CANYON PARTNERS, LLC, 1370 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10019
Jeffrey Kivitz	director	39 BOLAND ROAD, SHARON CT 06069
Marjorie L. Bowen	director	225 6TH STREET, MANHATTAN BEACH CA 90266
Strategic Value Special Situations Master Fund Iv, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Svp Special Situations Iv Llc	10 percent owner	C/O STRATEGIC VALUE PARTNERS, LLC, 100 WEST PUTNAM AVENUE, GREENWICH CT 06830