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Agat Ejendomme A/S (FRA:2TD) Interest Coverage : 1.38 (As of Jan. 2024)


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What is Agat Ejendomme A/S 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. Agat Ejendomme A/S's Operating Income for the three months ended in Jan. 2024 was €0.89 Mil. Agat Ejendomme A/S's Interest Expense for the three months ended in Jan. 2024 was €-0.64 Mil. Agat Ejendomme A/S's interest coverage for the quarter that ended in Jan. 2024 was 1.38. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Agat Ejendomme A/S's Interest Coverage or its related term are showing as below:


FRA:2TD's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.05
* 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.


Agat Ejendomme A/S Interest Coverage Historical Data

The historical data trend for Agat Ejendomme A/S'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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Agat Ejendomme A/S Interest Coverage Chart

Agat Ejendomme A/S Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Coverage
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Agat Ejendomme A/S Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 1.38

Competitive Comparison of Agat Ejendomme A/S's Interest Coverage

For the Real Estate Services subindustry, Agat Ejendomme A/S'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.


Agat Ejendomme A/S's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Agat Ejendomme A/S's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Agat Ejendomme A/S's Interest Coverage falls into.



Agat Ejendomme A/S 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.

Agat Ejendomme A/S's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, Agat Ejendomme A/S's Interest Expense was €-2.62 Mil. Its Operating Income was €-4.12 Mil. And its Long-Term Debt & Capital Lease Obligation was €55.78 Mil.

Agat Ejendomme A/S did not have earnings to cover the interest expense.

Agat Ejendomme A/S's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Agat Ejendomme A/S's Interest Expense was €-0.64 Mil. Its Operating Income was €0.89 Mil. And its Long-Term Debt & Capital Lease Obligation was €55.78 Mil.

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*0.886/-0.644
=1.38

* 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.


Agat Ejendomme A/S  (FRA:2TD) 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 .


Agat Ejendomme A/S Interest Coverage Related Terms

Thank you for viewing the detailed overview of Agat Ejendomme A/S's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Agat Ejendomme A/S (FRA:2TD) Business Description

Traded in Other Exchanges
Address
Vestre Havnepromenade 7, 3rd Floor, Aalborg, DNK, 9000
Agat Ejendomme A/S develops, builds and invests in properties that create value to the people who live, work and do their shopping in these properties. The properties developed by the company are either included in the company's property portfolio or sold to end-users or investors. The company's strategic focus is on the development of a diversified property portfolio in Denmark and on property development activities in Denmark. In terms of segments, the company is engaged in three business areas such as Real estate portfolio, Development activities, and Residual activities.

Agat Ejendomme A/S (FRA:2TD) Headlines

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