Gecina Nom (XPAR:GFC) Interest Coverage : 17.25 (As of Dec. 2023)

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What is Gecina Nom 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. Gecina Nom's Operating Income for the six months ended in Dec. 2023 was €276.8 Mil. Gecina Nom's Interest Expense for the six months ended in Dec. 2023 was €-16.0 Mil. Gecina Nom's interest coverage for the quarter that ended in Dec. 2023 was 17.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gecina Nom's Interest Coverage or its related term are showing as below:

XPAR:GFC' s Interest Coverage Range Over the Past 10 Years
Min: 2.67 Med: 5.3 Max: 5.94
Current: 5.94

XPAR:GFC's Interest Coverage is ranked better than
70.68% of 672 companies
in the REITs industry
Industry Median: 2.98 vs XPAR:GFC: 5.94

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

Gecina Nom Interest Coverage Historical Data

The historical data trend for Gecina Nom'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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Gecina Nom Interest Coverage Chart

Gecina Nom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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5.46

5.17

5.24

5.81

5.94

Gecina Nom Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															5.52	5.16	6.53	3.43	17.25

Competitive Comparison of Gecina Nom's Interest Coverage

For the REIT - Office subindustry, Gecina Nom'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.

Gecina Nom's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Gecina Nom's Interest Coverage falls into.

Gecina Nom 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.

Gecina Nom'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, Gecina Nom's Interest Expense was €-88.2 Mil. Its Operating Income was €523.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €5,834.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	523.759	/	-88.159
	=	5.94

Gecina Nom's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Gecina Nom's Interest Expense was €-16.0 Mil. Its Operating Income was €276.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €5,834.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	276.75	/	-16.04
	=	17.25

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

Gecina Nom (XPAR:GFC) 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 .

Gecina Nom Interest Coverage Related Terms

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

Gecina Nom (XPAR:GFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gecina Nom (XPAR:GFC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GECFF:USA GFCp:UK 0OPE:UK GI6A:Germany

Address

14-16, Rue des Capucines, Cedex 02, Paris, FRA, 75084

Website

https://www.gecina.fr

Gecina Nom is a French real estate investment trust with assets primarily located in Paris, France, and the surrounding region. The majority of Gecina's real estate property portfolio is comprised of office buildings with residential properties also making up a substantial percentage. Most of Gecina's properties are located in the City of Paris, while others are also located in the Paris region and other French cities, such as Lyon. Gecina primarily generates revenue from rental income and the sale of its real estate properties. Most of this rental revenue is derived from its office buildings. Gecina's customers and occupants include businesses, students, and individuals. The company also manages the construction, redevelopment, and environmental operations of its assets.

Gecina Nom (XPAR:GFC) Headlines

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