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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. Apartment Investment & Management Co's Operating Income for the three months ended in Mar. 2024 was $1.0 Mil. Apartment Investment & Management Co's Interest Expense for the three months ended in Mar. 2024 was $-13.4 Mil. Apartment Investment & Management Co's interest coverage for the quarter that ended in Mar. 2024 was 0.07. 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. Apartment Investment & Management Cos 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 Apartment Investment & Management Co'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 Apartment Investment & Management Co'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.
Apartment Investment & Management Co Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Interest Coverage | Get a 7-Day Free Trial | 0.81 | 0.05 | - | - | 0.31 |
Apartment Investment & Management Co Quarterly Data | |||||||||||||||||||
Dec18 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | 0.21 | 0.20 | 0.41 | 0.41 | 0.07 |
For the REIT - Residential subindustry, Apartment Investment & Management Co'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, Apartment Investment & Management Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Apartment Investment & Management Co'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.
Apartment Investment & Management Co'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, Apartment Investment & Management Co's Interest Expense was $-37.7 Mil. Its Operating Income was $11.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,266.4 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 11.584 | / | -37.718 | |
= | 0.31 |
Apartment Investment & Management Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Apartment Investment & Management Co's Interest Expense was $-13.4 Mil. Its Operating Income was $1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,301.3 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 0.987 | / | -13.37 | |
= | 0.07 |
* 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.
Apartment Investment & Management Co (NYSE:AIV) 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 Apartment Investment & Management Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Sherry L Rexroad | director | 2 BAYBERRY CIRCLE, AMBLER PA 19002 |
Kellie Dreyer | officer: Senior Vice President and CAO | 4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237 |
James Patrick Sullivan | director | 34 SOUTH PEAK, LAGUNA NIGUEL CA 92677 |
Jay P Leupp | director | 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254 |
Michael A Stein | director | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
Kirk Sykes | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Robert A. Miller | director | 6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821 |
R Dary Stone | director | 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326 |
Patricia L Gibson | director | 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062 |
Quincy Allen | director | 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Deborah Smith | director | 4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237 |
Terry Considine | director | 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Jennifer Johnson | officer: EVP CAO and General Counsel | 4582 S. ULSTER STREET, STE 1400, DENVER CO 80237 |
Wesley William Powell | director, officer: President and CEO | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
Lynn Stanfield | officer: EVP and CFO | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
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