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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. Creative Mediammunity Trust's Operating Income for the three months ended in Dec. 2023 was $4.3 Mil. Creative Mediammunity Trust's Interest Expense for the three months ended in Dec. 2023 was $-10.4 Mil. Creative Mediammunity Trust's interest coverage for the quarter that ended in Dec. 2023 was 0.41. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Creative Mediammunity Trust's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Creative Mediammunity Trust'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.
Creative Mediammunity Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 2.06 | - | 1.24 | 1.74 | - |
Creative Mediammunity Trust 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 | 1.46 | 0.06 | - | - | 0.41 |
For the REIT - Office subindustry, Creative Mediammunity Trust'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.
For the REITs industry and Real Estate sector, Creative Mediammunity Trust's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Creative Mediammunity Trust's Interest Coverage falls into.
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.
Creative Mediammunity Trust'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, Creative Mediammunity Trust's Interest Expense was $-35.1 Mil. Its Operating Income was $-11.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $430.2 Mil.
Creative Mediammunity Trust did not have earnings to cover the interest expense. |
Creative Mediammunity Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Creative Mediammunity Trust's Interest Expense was $-10.4 Mil. Its Operating Income was $4.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $430.2 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 4.31 | / | -10.42 | |
= | 0.41 |
* 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.
Creative Mediammunity Trust (NAS:CMCT) 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 .
Thank you for viewing the detailed overview of Creative Mediammunity Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard S Ressler | director, 10 percent owner | C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028 |
Avraham Shemesh | director, 10 percent owner | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
Shaul Kuba | director, 10 percent owner | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
Cim Cmct Mlp, Llc | other: Member of 10% owner group | 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010 |
Marcie L Edwards | director | 27975 LANGLEY PL, CASTAIC CA 91384 |
John Hope Bryant | director | C/O BRYANT GROUP VENTURES, 3473 S. SYCAMORE AVENUE, LOS ANGELES CA 90016 |
Cim Capital Real Property Management, Llc | 10 percent owner | 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010 |
Elaine Y Wong | director | 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010 |
David Andrew Thompson | officer: Chief Executive Officer | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
Cim Capital, Llc | other: Member of 10% owner group | 4700 WILSHIRE BLVD, LOS ANGELES CA 90010 |
Nathan David Debacker | officer: Chief Financial Officer | 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016 |
Jan F Salit | officer: President and Secretary | 18111 PRESTON ROAD SUITE 600, DALLAS TX 75252 |
Urban Partners Ii, Llc | 10 percent owner | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
Cim Service Provider, Llc | other: Member of 10% Owner Group | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
Cim Urban Sponsor, Llc | other: Member of 10% owner group | 4700 WILSHIRE BLVD, LOS ANGELES CA 90010 |
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