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Granite Point Mortgage Trust GPMT Interest coverage

Interest coverage at other companies

Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
1.1×—
Starwood Property Trust logo
Starwood Property TrustSTWD
1.3×0.0×
Apollo Commercial Real Estate Finance logo
Apollo Commercial Real Estate FinanceARI
1.3×—
TPG RE Finance Trust, Inc. logo
TPG RE Finance Trust, Inc.TRTX
1.3×0.0×
ACR
ACRES Commercial RealtyACR
1.4×+0.2×
Seven Hills Realty Trust logo
Seven Hills Realty TrustSEVN
1.5×0.0×

Other financials

Income statement

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Revenue$2.9M+17.2%
Net income-$2.4M+65.4%
EPS (diluted)-$0.13+40.9%

Balance sheet

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Cash & equivalents$44.2M-56.0%
Total equity$543.7M-10.1%
Total assets$1.5B-24.0%

Cash flow

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Operating cash flow-$2.4M+57.8%

Valuation

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Market cap$67.57M-45.7%
P/S5.5×-8.5×

Profitability

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Net margin-294.8%-132pp

Returns & leverage

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Return on equity-6.4%-2.6pp

Questions, answered.

What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.