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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. Four Corners Property Trust's Operating Income for the three months ended in Mar. 2024 was $36.1 Mil. Four Corners Property Trust's Interest Expense for the three months ended in Mar. 2024 was $-12.3 Mil. Four Corners Property Trust's interest coverage for the quarter that ended in Mar. 2024 was 2.94. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Four Corners Property 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 Four Corners Property 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.
Four Corners Property Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 3.73 | 3.66 | 3.60 | 3.46 | 3.07 |
Four Corners Property Trust Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | 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 | 3.15 | 3.32 | 2.91 | 2.95 | 2.94 |
For the REIT - Retail subindustry, Four Corners Property 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, Four Corners Property Trust's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Four Corners Property 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.
Four Corners Property 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, Four Corners Property Trust's Interest Expense was $-44.6 Mil. Its Operating Income was $136.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,118.5 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 136.938 | / | -44.606 | |
= | 3.07 |
Four Corners Property Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Four Corners Property Trust's Interest Expense was $-12.3 Mil. Its Operating Income was $36.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,136.6 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 36.142 | / | -12.281 | |
= | 2.94 |
* 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.
Four Corners Property Trust (NYSE:FCPT) 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 Four Corners Property Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Douglas B Hansen | director | ONE BELEVEDERE PLACE, SUITE 300, BELVEDERE CA 94941 |
William H Lenehan | director, officer: President and CEO | 2784 UNION STREET APT 1, SAN FRANCISCO CA 94123 |
John S Moody | director | MARSH MCLENNAN REALTY ADVISORS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Jesuele Barbara Angelica Faylona | director | 15308 DE PAUW STREET, PACIFIC PALISADES CA 90272 |
Niccole Stewart | officer: Chief Accounting Officer | 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941 |
Elizabeth Tennican | director | 119 30TH AVE, SAN FRANCISCO CA 94121 |
Toni S Steele | director | 6147 SAN VICENTE BOULEVARD, LOS ANGELES CA 90048 |
Gerald R Morgan | officer: Chief Financial Officer | 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941 |
James L Brat | officer: General Counsel | 591 REDWOOD HIGHAWY, SUITE 1150, MILL VALLEY CA 94941 |
Eric Hirschhorn | director | 12701 WHITEWATER DRIVE, SUITE 200, MINNETONKA MN 55343 |
Charles Jemley | director | C/O FOUR CORNERS PROPERTY TRUST, INC., 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941 |
Paul E. Szurek | director | C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202 |
Marran H. Ogilvie | director | 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
Darden Restaurants Inc | 10 percent owner | 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
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