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INDUS Realty Trust (INDUS Realty Trust) Interest Coverage : 0 (At Loss) (As of Mar. 2023)


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What is INDUS 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. INDUS Realty Trust's Operating Income for the three months ended in Mar. 2023 was $-4.15 Mil. INDUS Realty Trust's Interest Expense for the three months ended in Mar. 2023 was $-1.76 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

INDT' s Interest Coverage Range Over the Past 10 Years
Min: 0.31   Med: 0.7   Max: 2.22
Current: 0.31


INDT's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.98 vs INDT: 0.31

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


INDUS Realty Trust Interest Coverage Historical Data

The historical data trend for INDUS 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.

* Premium members only.

INDUS Realty Trust Interest Coverage Chart

INDUS Realty Trust Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.74 0.46 0.54 1.55

INDUS Realty Trust Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.09 16.19 1.63 0.50 -

Competitive Comparison of INDUS Realty Trust's Interest Coverage

For the REIT - Industrial subindustry, INDUS 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.


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

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

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



INDUS 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.

INDUS Realty Trust's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, INDUS Realty Trust's Interest Expense was $-4.73 Mil. Its Operating Income was $7.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $170.52 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*7.359/-4.734
=1.55

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

Here, for the three months ended in Mar. 2023, INDUS Realty Trust's Interest Expense was $-1.76 Mil. Its Operating Income was $-4.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $170.00 Mil.

INDUS Realty Trust did not have earnings to cover the interest expense.

* 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.


INDUS Realty Trust  (NAS:INDT) 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 .


INDUS Realty Trust Interest Coverage Related Terms

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


INDUS Realty Trust (INDUS Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
641 Lexington Avenue, 26th Floor, New York, NY, USA, 10022
INDUS Realty Trust Inc is a real estate company. The company is engaged in developing, managing, and leasing industrial properties, and to a lesser extent, office/flex properties. The major developments include industrial parks, Carolina Tradeport, New England Tradeport, and Lehigh Valley.
Executives
Susan Cullman 10 percent owner 641 LEXINGTON AVENUE, NEW YORK NY 10022-4599
Jon W. Clark officer: Executive Vice President 420 LEXINGTON AVE., NEW YORK NY 10170
Edgar Jr Cullman 10 percent owner 641 LEXINGTON AVE, 29TH FLOOR, NEW YORK NY 10022
Ccp Sbs Gp, Llc 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Cpref Ii Aiv Ii - A, L.p. 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Cpref Ii Aiv Ii - B, L.p. 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Centerbridge Partners Real Estate Associates Ii, L.p. 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Cpref Ii Cayman Gp Ltd. 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Centerbridge Partners Real Estate Fund Sbs Ii, L.p. 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Jeffrey Aronson 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Conversant Gp Holdings Llc 10 percent owner 90 PARK AVENUE 32ND FLOOR, NEW YORK NY 10016
Conversant Capital Llc 10 percent owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT NJ 07901
Michael Simanovsky 10 percent owner 90 PARK AVENUE, 32ND FLOOR, NEW YORK NY 10016
Thomas M. Lescalleet officer: SVP, Griffin Land C/O GRIFFIN LAND & NURSERIES, INC., 90 SALMON BROOK STREET, GRANBY CT 06035
Small Albert H Jr director 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134