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Frasers Centrepoint Trust (Frasers Centrepoint Trust) Interest Coverage : 2.66 (As of Mar. 2024)


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What is Frasers Centrepoint 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 Centrepoint Trust's Operating Income for the six months ended in Mar. 2024 was $78.5 Mil. Frasers Centrepoint Trust's Interest Expense for the six months ended in Mar. 2024 was $-29.5 Mil. Frasers Centrepoint Trust's interest coverage for the quarter that ended in Mar. 2024 was 2.66. 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 Centrepoint Trust interest coverage is 2.58, which is low.

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

FRZCF' s Interest Coverage Range Over the Past 10 Years
Min: 2.58   Med: 5.52   Max: 7.03
Current: 2.58


FRZCF's Interest Coverage is ranked worse than
56.95% of 676 companies
in the REITs industry
Industry Median: 2.985 vs FRZCF: 2.58

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 Centrepoint Trust Interest Coverage Historical Data

The historical data trend for Frasers Centrepoint 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 Centrepoint Trust Interest Coverage Chart

Frasers Centrepoint 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 5.16 3.46 4.94 5.03 2.89

Frasers Centrepoint Trust 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 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 5.87 4.38 3.38 2.51 2.66

Competitive Comparison of Frasers Centrepoint Trust's Interest Coverage

For the REIT - Retail subindustry, Frasers Centrepoint 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 Centrepoint Trust's Interest Coverage Distribution in the REITs Industry

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

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



Frasers Centrepoint 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 Centrepoint 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 Centrepoint Trust's Interest Expense was $-57.4 Mil. Its Operating Income was $165.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,350.7 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2023 )/Interest Expense (A: Sep. 2023 )
=-1*165.913/-57.384
=2.89

Frasers Centrepoint 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 Centrepoint Trust's Interest Expense was $-29.5 Mil. Its Operating Income was $78.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,403.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*78.537/-29.475
=2.66

* 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 Centrepoint Trust  (OTCPK:FRZCF) 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 Centrepoint Trust Interest Coverage Related Terms

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


Frasers Centrepoint Trust (Frasers Centrepoint Trust) Business Description

Traded in Other Exchanges
Address
10 Marina Boulevard, Marina Bay Financial Centre, Tower 2 Number 48-01, Singapore, SGP, 018983
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominately invests in suburban retail assets in Singapore. Its portfolio consists of 11 retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 7.6 billion as at Sept. 30, 2023. FCT also holds a: i) 30.97% interest in Hektar REIT, a retail-focused REIT in Malaysia; and ii) 43.7% interest in Changi City Carpark. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property Limited that has a 41.2% direct and indirect interest in FCT.

Frasers Centrepoint Trust (Frasers Centrepoint Trust) Headlines