Frasers Property (SGX:TQ5) Interest Coverage : 1.43 (As of Mar. 2024)

Frasers Property Interest Coverage Chart

Frasers Property Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Interest Coverage		Get a 7-Day Free Trial					2.26	2.08	2.82	2.85	2.16

Frasers Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial															2.40	3.31	2.45	1.91	1.43

Competitive Comparison of Frasers Property's Interest Coverage

For the Real Estate - Diversified subindustry, Frasers Property'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 Property's Interest Coverage Distribution in the Real Estate Industry

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

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

Frasers Property 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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 Property'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 Property's Interest Expense was S$-526 Mil. Its Operating Income was S$1,138 Mil. And its Long-Term Debt & Capital Lease Obligation was S$13,586 Mil.

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

Here, for the six months ended in Mar. 2024, Frasers Property's Interest Expense was S$-300 Mil. Its Operating Income was S$428 Mil. And its Long-Term Debt & Capital Lease Obligation was S$13,355 Mil.

* 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 Property  (SGX:TQ5) 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 Property Interest Coverage Related Terms

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Frasers Property (SGX:TQ5) Business Description