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Brookfield Property REIT (STU:3F1) Interest Coverage : 0.26 (As of Mar. 2021)


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What is Brookfield Property REIT 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. Brookfield Property REIT's Operating Income for the three months ended in Mar. 2021 was €37 Mil. Brookfield Property REIT's Interest Expense for the three months ended in Mar. 2021 was €-142 Mil. Brookfield Property REIT's interest coverage for the quarter that ended in Mar. 2021 was 0.26. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Brookfield Property REIT Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Brookfield Property REIT's Interest Coverage or its related term are showing as below:

STU:3F1' s Interest Coverage Range Over the Past 10 Years
Min: 0.27   Med: 1.17   Max: 1.55
Current: 0.27


STU:3F1's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.985 vs STU:3F1: 0.27

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


Brookfield Property REIT Interest Coverage Historical Data

The historical data trend for Brookfield Property REIT'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.

Brookfield Property REIT Interest Coverage Chart

Brookfield Property REIT Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.55 1.17 0.62 0.31

Brookfield Property REIT Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 Premium Member Only Premium Member Only 0.41 0.34 0.14 0.35 0.26

Competitive Comparison of Brookfield Property REIT's Interest Coverage

For the REIT - Retail subindustry, Brookfield Property REIT'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.


Brookfield Property REIT's Interest Coverage Distribution in the REITs Industry

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

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



Brookfield Property REIT 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.

Brookfield Property REIT's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Brookfield Property REIT's Interest Expense was €-570 Mil. Its Operating Income was €177 Mil. And its Long-Term Debt & Capital Lease Obligation was €13,485 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*177.328/-570.185
=0.31

Brookfield Property REIT's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Here, for the three months ended in Mar. 2021, Brookfield Property REIT's Interest Expense was €-142 Mil. Its Operating Income was €37 Mil. And its Long-Term Debt & Capital Lease Obligation was €13,725 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2021 )/Interest Expense (Q: Mar. 2021 )
=-1*36.833/-142.123
=0.26

* 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.


Brookfield Property REIT  (STU:3F1) 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 .


Brookfield Property REIT Interest Coverage Related Terms

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


Brookfield Property REIT (STU:3F1) Business Description

Traded in Other Exchanges
N/A
Address
250 Vesey Street, 15th Floor, New York, NY, USA, 10281-1023
Brookfield Property REIT Inc is a retail real estate company. Its portfolio of mall properties spans the nation, encompassing approximately 121 retail properties located throughout the United States comprising approximately 120 million square feet of gross leasable area. The company is focused exclusively on managing, leasing and redeveloping high-quality retail properties.

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