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Folkestone Social Infrastructure Trust (ASX:FST) Interest Coverage : 4.45 (As of Jun. 2014)


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What is Folkestone Social Infrastructure Trust 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. Folkestone Social Infrastructure Trust's Operating Income for the six months ended in Jun. 2014 was A$4.15 Mil. Folkestone Social Infrastructure Trust's Interest Expense for the six months ended in Jun. 2014 was A$-0.93 Mil. Folkestone Social Infrastructure Trust's interest coverage for the quarter that ended in Jun. 2014 was 4.45. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Folkestone Social Infrastructure Trust's Interest Coverage or its related term are showing as below:

ASX:FST' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 3.15   Max: 4.45
Current: 4.45


ASX:FST's Interest Coverage is not ranked
in the Construction industry.
Industry Median: 7.015 vs ASX:FST: 4.45

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


Folkestone Social Infrastructure Trust Interest Coverage Historical Data

The historical data trend for Folkestone Social Infrastructure Trust'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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Folkestone Social Infrastructure Trust Interest Coverage Chart

Folkestone Social Infrastructure Trust Annual Data
Trend Jun11 Jun12 Jun13 Jun14
Interest Coverage
2.91 1.72 3.39 4.45

Folkestone Social Infrastructure Trust Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Interest Coverage Get a 7-Day Free Trial 1.13 3.46 3.30 4.46 4.45

Competitive Comparison of Folkestone Social Infrastructure Trust's Interest Coverage

For the Infrastructure Operations subindustry, Folkestone Social Infrastructure Trust'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.


Folkestone Social Infrastructure Trust's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Folkestone Social Infrastructure Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Folkestone Social Infrastructure Trust's Interest Coverage falls into.



Folkestone Social Infrastructure Trust 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.

Folkestone Social Infrastructure Trust's Interest Coverage for the fiscal year that ended in Jun. 2014 is calculated as

Here, for the fiscal year that ended in Jun. 2014, Folkestone Social Infrastructure Trust's Interest Expense was A$-1.85 Mil. Its Operating Income was A$8.25 Mil. And its Long-Term Debt & Capital Lease Obligation was A$34.27 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2014 )/Interest Expense (A: Jun. 2014 )
=-1*8.253/-1.853
=4.45

Folkestone Social Infrastructure Trust's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Here, for the six months ended in Jun. 2014, Folkestone Social Infrastructure Trust's Interest Expense was A$-0.93 Mil. Its Operating Income was A$4.15 Mil. And its Long-Term Debt & Capital Lease Obligation was A$34.27 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2014 )/Interest Expense (Q: Jun. 2014 )
=-1*4.153/-0.934
=4.45

* 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.

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


Folkestone Social Infrastructure Trust  (ASX:FST) 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 .


Folkestone Social Infrastructure Trust Interest Coverage Related Terms

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Folkestone Social Infrastructure Trust (ASX:FST) Business Description

Traded in Other Exchanges
N/A
Address
Australian Social Infrastructure Fund invests in income producing social infrastructure assets. Its property portfolio includes childcare facilities, a medical center and self-storage facility.