Orix Jreit (TSE:8954) Interest Coverage : 10.94 (As of Aug. 2023)

Orix Jreit Interest Coverage Chart

Orix Jreit Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Interest Coverage		Get a 7-Day Free Trial					10.16	12.76	12.03	13.70	13.03

Orix Jreit Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Coverage	Get a 7-Day Free Trial															12.10	15.35	15.18	10.94	15.65

Competitive Comparison of Orix Jreit's Interest Coverage

For the REIT - Office subindustry, Orix Jreit'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.

Orix Jreit's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Orix Jreit's Interest Coverage falls into.

Orix Jreit 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.

Orix Jreit's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Orix Jreit's Interest Expense was 円-1,628 Mil. Its Operating Income was 円21,220 Mil. And its Long-Term Debt & Capital Lease Obligation was 円254,979 Mil.

Orix Jreit's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the six months ended in Aug. 2023, Orix Jreit's Interest Expense was 円-823 Mil. Its Operating Income was 円9,001 Mil. And its Long-Term Debt & Capital Lease Obligation was 円254,979 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.

Orix Jreit  (TSE:8954) 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 .

Orix Jreit Interest Coverage Related Terms

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Orix Jreit (TSE:8954) Business Description