Jernigan Capital (Jernigan Capital) Interest Expense : $-12.44 Mil (TTM As of Sep. 2020)

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What is Jernigan Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jernigan Capital's interest expense for the three months ended in Sep. 2020 was $ -3.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-12.44 Mil.

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. Jernigan Capital's Operating Income for the three months ended in Sep. 2020 was $ 0.09 Mil. Jernigan Capital's Interest Expense for the three months ended in Sep. 2020 was $ -3.20 Mil. Jernigan Capital's Interest Coverage for the quarter that ended in Sep. 2020 was 0.03. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Jernigan Capital Interest Expense Historical Data

The historical data trend for Jernigan Capital's Interest Expense 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.

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Jernigan Capital Interest Expense Chart

Jernigan Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-0.56

-1.05

-2.16

-8.50

Jernigan Capital Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial															-2.55	-2.97	-3.21	-3.07	-3.20

Jernigan Capital Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.44 Mil.

Jernigan Capital (NYSE:JCAPpB.PFD) Interest Expense Explanation

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

Jernigan Capital's Interest Expense for the three months ended in Sep. 2020 was $-3.20 Mil. Its Operating Income for the three months ended in Sep. 2020 was $0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was $282.97 Mil.

Jernigan Capital's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2020 )	/	Interest Expense (Q: Sep. 2020 )
	=	-1	*	0.091	/	-3.196
	=	0.03

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Jernigan Capital Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Jernigan Capital (Jernigan Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Jernigan Capital Inc (NYSE:JCAPpB.PFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6410 Poplar Avenue, Suite 650, Memphis, TN, USA, 38119

Website

https://jernigancapital.com

Jernigan Capital Inc is a real estate finance company. It offers capital to private developers, owners, and operators of self-storage facilities. The company's objective is to deliver long-term returns to shareholders by investing in newly constructed self-storage facilities and making loans secured by currently operating self-storage facilities. To achieve this objective company focuses on investments in development property and operating property loans. The majority of the revenue is generated from the interest income from investments made.

Executives

David Corak	officer: SVP, Corporate Finance	6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119
Rebecca L Owen	director	1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Randy L Churchey	director	999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Jonathan L Perry	officer: EVP, Chief Investment Officer	5 OLD LANCASTER ROAD, MALVERN PA 19355
Kelly P Luttrell	officer: SVP, CFO and Treasurer	1395 BRICKELL AVENUE, MIAMI FL 33131
James D Dondero	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dean Jernigan	director, officer: Chairman and CEO	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
John A Good	director, officer: President and COO	C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
William C. Drummond	officer: SVP, CFO and Treasurer	1395 BRICKELL AVENUE, MIAMI FL 33131
Harry J. Thie	director	1395 BRICKELL AVENUE, MIAMI FL 33131
Howard A Silver	director	999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Mark O. Decker	director	1395 BRICKELL AVENUE, MIAMI FL 33131
Sam J. Jenkins	director	1395 BRICKELL AVENUE, MIAMI FL 33131
Gregory W. Ward	officer: CFO, Secretary and Treasurer	1395 BRICKELL AVENUE, MIAMI FL 33131