Americold Realty Trust (Americold Realty Trust) Interest Coverage : 1.72 (As of Dec. 2023)

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What is Americold Realty Trust 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. Americold Realty Trust's Operating Income for the three months ended in Dec. 2023 was $58 Mil. Americold Realty Trust's Interest Expense for the three months ended in Dec. 2023 was $-34 Mil. Americold Realty Trust's interest coverage for the quarter that ended in Dec. 2023 was 1.72. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Americold Realty Trust's Interest Coverage or its related term are showing as below:

COLD' s Interest Coverage Range Over the Past 10 Years
Min: 0.93 Med: 1.33 Max: 2.09
Current: 1.36

COLD's Interest Coverage is ranked worse than
81.1% of 672 companies
in the REITs industry
Industry Median: 2.98 vs COLD: 1.36

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

Americold Realty Trust Interest Coverage Historical Data

The historical data trend for Americold Realty 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.

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Americold Realty Trust Interest Coverage Chart

Americold Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.97

2.09

1.29

1.15

1.36

Americold Realty 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															1.37	1.15	1.25	1.32	1.72

Competitive Comparison of Americold Realty Trust's Interest Coverage

For the REIT - Industrial subindustry, Americold Realty 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.

Americold Realty Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Americold Realty Trust's Interest Coverage falls into.

Americold Realty Trust 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.

Americold Realty 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, Americold Realty Trust's Interest Expense was $-140 Mil. Its Operating Income was $190 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,100 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	190.043	/	-140.107
	=	1.36

Americold Realty Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Americold Realty Trust's Interest Expense was $-34 Mil. Its Operating Income was $58 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,100 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	57.973	/	-33.681
	=	1.72

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

Americold Realty Trust (NYSE:COLD) 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 .

Americold Realty Trust Interest Coverage Related Terms

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

Americold Realty Trust (Americold Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Americold Realty Trust Inc (NYSE:COLD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

COLD:Mexico

Address

10 Glenlake Parkway, South Tower, Suite 600, Atlanta, GA, USA, 30328

Website

https://www.americold.com

Americold Realty Trust Inc is the world's second-largest owner and operator of temperature-controlled warehouses behind privately held Lineage Logistics. The Atlanta, Georgia-based firm owns and operates approximately 240 temperature-controlled warehouses, spanning 1.4 billion cubic feet. In 2021, the firm derived about 79% of its revenue from the United States but also has sizable operations in Europe, Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.

Executives

Thomas C Novosel	officer: See Remarks	AMERICOLD REALTY TRUST, 10 GLENLAKE PARKWAY NE, SUITE 700, ATLANTA GA 30328
Robert Scott Chambers	officer: EVP, Chief Commercial Officer	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Nathan H Harwell	officer: EVP & Chief Legal Officer	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael Bryan Verbarendse	officer: see remarks	10 GLENLAKE PARKWAY, SUITE 600, SOUTH TOWER, ATLANTA GA 30328
Russell Scott Henderson	officer: EVP & Chief Investment Officer	10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Snyder James C Jr	officer: See Remarks	10 GLENLAKE PKWY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
David Charles Moore	officer: See remarks	C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Richard Charles Winnall	officer: See remarks	C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Samantha L Charleston	officer: EVP & Chief Human Resources Of	10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Robert L Bass	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Pamela K Kohn	director	3001 COLORADO BLVD, DENTON TX 76210
Chappelle George F. Jr.	director, officer: Interim CEO	C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Carlos V Rodriguez	officer: EVP and COO	300 PHILLIPI ROAD, COLUMBUS OH 43228
James R Heistand	director	5127 FAIRWAY OAKS DRIVE, WINDERMERE FL 34786