DCT Industrial Trust (DCT Industrial Trust) Interest Coverage : 1.80 (As of Jun. 2018)

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What is DCT Industrial 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. DCT Industrial Trust's Operating Income for the three months ended in Jun. 2018 was $29.0 Mil. DCT Industrial Trust's Interest Expense for the three months ended in Jun. 2018 was $-16.1 Mil. DCT Industrial Trust's interest coverage for the quarter that ended in Jun. 2018 was 1.80. The higher the ratio, the stronger the company's financial strength is.

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

DCT's Interest Coverage is not ranked ^*
in the REITs industry.
Industry Median: 2.98
* Ranked among companies with meaningful Interest Coverage only.

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

DCT Industrial Trust Interest Coverage Historical Data

The historical data trend for DCT Industrial 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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DCT Industrial Trust Interest Coverage Chart

DCT Industrial Trust Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Coverage

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0.80

1.01

1.33

1.65

1.88

DCT Industrial Trust Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Interest Coverage	Get a 7-Day Free Trial															1.81	1.90	1.97	2.13	1.80

Competitive Comparison of DCT Industrial Trust's Interest Coverage

For the REIT - Industrial subindustry, DCT Industrial 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.

DCT Industrial Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where DCT Industrial Trust's Interest Coverage falls into.

DCT Industrial 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.

DCT Industrial Trust's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, DCT Industrial Trust's Interest Expense was $-66.1 Mil. Its Operating Income was $124.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,488.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2017 )	/	Interest Expense (A: Dec. 2017 )
	=	-1	*	124.229	/	-66.054
	=	1.88

DCT Industrial Trust's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, DCT Industrial Trust's Interest Expense was $-16.1 Mil. Its Operating Income was $29.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,774.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2018 )	/	Interest Expense (Q: Jun. 2018 )
	=	-1	*	29.042	/	-16.133
	=	1.80

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

DCT Industrial Trust (NYSE:DCT) 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 .

DCT Industrial Trust Interest Coverage Related Terms

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DCT Industrial Trust (DCT Industrial Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » DCT Industrial Trust Inc (NYSE:DCT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.dctindustrial.com

DCT Industrial Trust Inc is a real estate investment trust engaged in the acquiring, leasing, and managing of large distribution and light industrial warehouses near large U.S. urban markets. The company segments its operations into East, Central, and West divisions. DCT's property portfolio is fairly evenly distributed amongst its three regional units both in terms of total square footage and the percent of total revenue derived from each. The largest cities in each region play host to the most buildings. The company generates nearly all of its revenue in the form of rental revenue from its fairly diversified base of tenants. Manufacturing, transportation and warehousing, and wholesale trade companies account for most of DCT's revenue and total occupied square feet.

Executives

Philip L Hawkins	director, officer: President and CEO	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Marcus L. Smith	director	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Mark Skomal	officer: Chief Accounting Officer	C/O CYRUSONE INC. 2850 N HARWOOD ST STE 2200 DALLAS TX 75201
Raymond B Greer	director	1515 WEST 20TH STREET, P.O. BOX 612787, DFW INTERNATIONAL AIRPORT TX 75261
Thomas F August	director	6214 PARK LANE, DALLAS TX 75225
Marilyn A Alexander	director	565 DUNNEGAN DRIVE, LAGUNA BEACH CA 92651
Thomas G Wattles	director, officer: Chairman	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Stuart B Brown	officer: Chief Financial Officer	518 17TH STREET, SUITE 1700, DENVER CO 80202