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Frasers Logisticsmmercial Trust (SGX:BUOU) Interest Coverage : 2.67 (As of Mar. 2024)


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What is Frasers Logisticsmmercial 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. Frasers Logisticsmmercial Trust's Operating Income for the six months ended in Mar. 2024 was S$137.1 Mil. Frasers Logisticsmmercial Trust's Interest Expense for the six months ended in Mar. 2024 was S$-51.4 Mil. Frasers Logisticsmmercial Trust's interest coverage for the quarter that ended in Mar. 2024 was 2.67. 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. Frasers Logistics & Commercial Trust interest coverage is 2.76, which is low.

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

SGX:BUOU' s Interest Coverage Range Over the Past 10 Years
Min: 2.76   Med: 7.02   Max: No Debt
Current: 2.76


SGX:BUOU's Interest Coverage is ranked worse than
53.74% of 668 companies
in the REITs industry
Industry Median: 2.97 vs SGX:BUOU: 2.76

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


Frasers Logisticsmmercial Trust Interest Coverage Historical Data

The historical data trend for Frasers Logisticsmmercial 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.

* Premium members only.

Frasers Logisticsmmercial Trust Interest Coverage Chart

Frasers Logisticsmmercial Trust Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.02 6.37 7.72 6.74 3.11

Frasers Logisticsmmercial Trust Semi-Annual Data
Sep13 Sep14 Sep15 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.79 5.87 3.40 2.87 2.67

Competitive Comparison of Frasers Logisticsmmercial Trust's Interest Coverage

For the REIT - Industrial subindustry, Frasers Logisticsmmercial 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.


Frasers Logisticsmmercial Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Frasers Logisticsmmercial Trust's Interest Coverage falls into.



Frasers Logisticsmmercial 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.

Frasers Logisticsmmercial Trust's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Frasers Logisticsmmercial Trust's Interest Expense was S$-86.9 Mil. Its Operating Income was S$270.2 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1,633.5 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2023 )/Interest Expense (A: Sep. 2023 )
=-1*270.242/-86.914
=3.11

Frasers Logisticsmmercial Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Frasers Logisticsmmercial Trust's Interest Expense was S$-51.4 Mil. Its Operating Income was S$137.1 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1,799.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*137.08/-51.394
=2.67

* 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.


Frasers Logisticsmmercial Trust  (SGX:BUOU) 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 .


Frasers Logisticsmmercial Trust Interest Coverage Related Terms

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


Frasers Logisticsmmercial Trust (SGX:BUOU) Business Description

Traded in Other Exchanges
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Logistics & Commercial Trust was established following the merger between Frasers Logistics and Industrial Trust and Frasers Commercial Trust in April 2020. As of March 31, 2023, the trust has a diversified portfolio of 107 logistics, industrial and commercial properties valued at around SGD 6.7 billion across Singapore, Australia, Germany, the Netherlands, and the United Kingdom. The trust is externally managed by Frasers Logistics & Commercial Asset Management, a subsidiary of Frasers Property Limited, which owns around 21% of the trust.

Frasers Logisticsmmercial Trust (SGX:BUOU) Headlines

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