Hudson Pacific Properties (Hudson Pacific Properties) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Hudson Pacific Properties 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. Hudson Pacific Properties's Operating Income for the three months ended in Dec. 2023 was $-15.1 Mil. Hudson Pacific Properties's Interest Expense for the three months ended in Dec. 2023 was $-52.4 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hudson Pacific Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Hudson Pacific Properties's Interest Coverage or its related term are showing as below:

HPP' s Interest Coverage Range Over the Past 10 Years
Min: 0.14 Med: 1.23 Max: 1.93
Current: 0.14

HPP's Interest Coverage is ranked worse than
99.41% of 676 companies
in the REITs industry
Industry Median: 2.985 vs HPP: 0.14

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

Hudson Pacific Properties Interest Coverage Historical Data

The historical data trend for Hudson Pacific Properties'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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Hudson Pacific Properties Interest Coverage Chart

Hudson Pacific Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.63

1.19

1.20

1.07

0.14

Hudson Pacific Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.81	0.50	0.29	0.06	-

Competitive Comparison of Hudson Pacific Properties's Interest Coverage

For the REIT - Office subindustry, Hudson Pacific Properties'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.

Hudson Pacific Properties's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hudson Pacific Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hudson Pacific Properties's Interest Coverage falls into.

Hudson Pacific Properties 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.

Hudson Pacific Properties'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, Hudson Pacific Properties's Interest Expense was $-214.4 Mil. Its Operating Income was $29.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,208.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	29.028	/	-214.415
	=	0.14

Hudson Pacific Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Hudson Pacific Properties's Interest Expense was $-52.4 Mil. Its Operating Income was $-15.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,208.7 Mil.

Hudson Pacific Properties did not have earnings to cover the interest expense.

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

Hudson Pacific Properties (NYSE:HPP) 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 .

Hudson Pacific Properties Interest Coverage Related Terms

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

Hudson Pacific Properties (Hudson Pacific Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hudson Pacific Properties Inc (NYSE:HPP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HPPpC.PFD:USA HP9:Germany

Address

11601 Wilshire Boulevard, Ninth Floor, Los Angeles, CA, USA, 90025

Website

https://www.hudsonpacificproperties.com

Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.

Executives

Arthur X. Suazo	officer: EVP, Leasing	11601 WILSHIRE BOULEVARD, 6TH FLOOR, LOS ANGELES CA 90025
Drew Gordon	officer: Chief Investment Officer	11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025
Harout Krikor Diramerian	officer: Chief Accounting Officer	C/O HUDSON PACIFIC PROPERTIES, INC., 11601 WILSHIRE BLVD. SUITE 1600, LOS ANGELES CA 90025
Barry A Sholem	director	2121 AVENUE OF THE STARS, LOS ANGELES CA 90067
Victor J Coleman	director, officer: Chief Executive Officer	HUDSON PACIFIC PROPERTIES INC., 11601 WILSHIRE BLVD SUITE 1600, LOS ANGELES CA 90025
Andy Wattula	officer: Chief Operating Officer	11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025
Mark T Lammas	officer: Chief Financial Officer	11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025
Mark David Linehan	director	5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111
Harris Robert L Ii	director	C/O ACACIA RESEARCH CORP, 500 NEWPORT CENTER DRIVE, 7TH FLOOR, NEWPORT BEACH CA 92660
Jonathan M Glaser	director	11601 WILSHIRE BLVD., SUITE 2180, LOS ANGELES CA 90025
Erinn Burnough	director	LANSDOWNE HOUSE, LANSDOWNE ROAD, FLAT 11, LONDON X0 W11 3LP
Christopher James Barton	officer: EVP,Operations and Development	11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025
Richard B Fried	director, 10 percent owner, other: Member of Group Owning 10%	C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Barry Alan Porter	director	C/O CLARITY PARTNERS, 100 N. CRESCENT DR, SUITE 300, BEVERLY HILLS CA 90210
Karen Brodkin	director	1136 GALLOWAY STREET, PACIFIC PALISADES CA 90272