Phoenix Capital Holding AD (XBUL:PCH) Interest Coverage : 1.11 (As of Dec. 2023)

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What is Phoenix Capital Holding AD 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. Phoenix Capital Holding AD's Operating Income for the three months ended in Dec. 2023 was лв0.81 Mil. Phoenix Capital Holding AD's Interest Expense for the three months ended in Dec. 2023 was лв-0.73 Mil. Phoenix Capital Holding AD's interest coverage for the quarter that ended in Dec. 2023 was 1.11. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Phoenix Capital Holding AD's Interest Coverage or its related term are showing as below:

XBUL:PCH' s Interest Coverage Range Over the Past 10 Years
Min: 0.88 Med: 1.05 Max: No Debt
Current: 1.14

XBUL:PCH's Interest Coverage is ranked worse than
83.35% of 1327 companies
in the Real Estate industry
Industry Median: 4.01 vs XBUL:PCH: 1.14

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

Phoenix Capital Holding AD Interest Coverage Historical Data

The historical data trend for Phoenix Capital Holding AD'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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Phoenix Capital Holding AD Interest Coverage Chart

Phoenix Capital Holding AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.88

1.05

Phoenix Capital Holding AD Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	1.94	N/A	1.54	1.11

Competitive Comparison of Phoenix Capital Holding AD's Interest Coverage

For the Real Estate Services subindustry, Phoenix Capital Holding AD'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.

Phoenix Capital Holding AD's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Phoenix Capital Holding AD's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Phoenix Capital Holding AD's Interest Coverage falls into.

Phoenix Capital Holding AD 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.

Phoenix Capital Holding AD'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, Phoenix Capital Holding AD's Interest Expense was лв-1.67 Mil. Its Operating Income was лв1.76 Mil. And its Long-Term Debt & Capital Lease Obligation was лв11.64 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.758	/	-1.667
	=	1.05

Phoenix Capital Holding AD's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Phoenix Capital Holding AD's Interest Expense was лв-0.73 Mil. Its Operating Income was лв0.81 Mil. And its Long-Term Debt & Capital Lease Obligation was лв11.64 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.807	/	-0.727
	=	1.11

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

Phoenix Capital Holding AD (XBUL:PCH) 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 .

Phoenix Capital Holding AD Interest Coverage Related Terms

Thank you for viewing the detailed overview of Phoenix Capital Holding AD's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoenix Capital Holding AD (XBUL:PCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Capital Holding AD (XBUL:PCH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

47A Tsarigradsko shose Boulevard, Floor 3, Sofia, BGR, 1124

Website

http://www.phoenixcapital.bg

Phoenix Capital Holding AD is engaged in the acquisition of real estate, its management (including rental and construction works and improvements) and sale of the property. The company focuses on residential properties, office buildings, and holiday properties and hotels.