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American Strategic Investment Co (American Strategic Investment Co) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is American Strategic Investment Co 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. American Strategic Investment Co's Operating Income for the three months ended in Mar. 2024 was $-2.92 Mil. American Strategic Investment Co's Interest Expense for the three months ended in Mar. 2024 was $-4.70 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 American Strategic Investment Co's Interest Coverage or its related term are showing as below:


NYC's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.995
* 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.


American Strategic Investment Co Interest Coverage Historical Data

The historical data trend for American Strategic Investment Co'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.

American Strategic Investment Co Interest Coverage Chart

American Strategic Investment Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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American Strategic Investment Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of American Strategic Investment Co's Interest Coverage

For the Real Estate Services subindustry, American Strategic Investment Co'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.


American Strategic Investment Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, American Strategic Investment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where American Strategic Investment Co's Interest Coverage falls into.



American Strategic Investment Co 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.

American Strategic Investment Co'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, American Strategic Investment Co's Interest Expense was $-18.86 Mil. Its Operating Income was $-20.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $450.36 Mil.

American Strategic Investment Co did not have earnings to cover the interest expense.

American Strategic Investment Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, American Strategic Investment Co's Interest Expense was $-4.70 Mil. Its Operating Income was $-2.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $450.73 Mil.

American Strategic Investment Co 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.


American Strategic Investment Co  (NYSE:NYC) 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 .


American Strategic Investment Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of American Strategic Investment Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


American Strategic Investment Co (American Strategic Investment Co) Business Description

Traded in Other Exchanges
N/A
Address
650 Fifth Avenue, 30th Floor, New York, NY, USA, 10019
American Strategic Investment Co is an externally managed company that currently owns a portfolio of commercial real estate located within the five boroughs of New York City, majorly Manhattan. The Company's real estate assets consist of office properties and certain real estate assets that accompany office properties, including retail spaces and amenities.
Executives
Nicholas S Schorsch 10 percent owner
Joseph Marnikovic officer: Chief Financial Officer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Michael Ray Anderson officer: Chief Executive Officer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Elizabeth K. Tuppeny director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Louis P. Dipalma director 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Christopher J. Masterson officer: CFO and Treasurer 405 PARK AVE, NEW YORK NY 10022
Bellevue Capital Partners, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
New York City Special Ltd. Partnership, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
New York City Advisors, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
Ar Global Investments, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
American Realty Capital Iii, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
Lee M Elman director 405 PARK AVENUE, NEW YORK NY 10022
Abby M. Wenzel director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Weil Edward M Jr. director, officer: CEO, President and Secretary C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Katie P Kurtz officer: CFO and Treasurer 405 PARK AVENUE, THIRD FLOOR, NEW YORK NY 10022