What is Frasers Centrepoint Trust Financial Strength?
Frasers Centrepoint Trust has the Financial Strength Rank of 4.
Warning Sign:
Frasers Centrepoint Trust displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Frasers Centrepoint Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 2.66.
Frasers Centrepoint Trust's debt to revenue ratio for the quarter that ended in Mar. 2024 was 5.88.
As of today, Frasers Centrepoint Trust's Altman Z-Score is 1.17.
Competitive Comparison of Frasers Centrepoint Trust's Financial Strength
For the REIT - Retail subindustry, Frasers Centrepoint Trust's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Frasers Centrepoint Trust's Financial Strength distribution charts can be found below:
* The bar in red indicates where Frasers Centrepoint Trust's Financial Strength falls into.
Frasers Centrepoint Trust Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Frasers Centrepoint Trust's Interest Expense for the
months ended in Mar. 2024 was $-29.5 Mil. Its Operating Income for the
months ended in Mar. 2024 was $78.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,403.7 Mil.
Frasers Centrepoint Trust's Interest Coverage for the quarter that ended in Mar. 2024 is
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.
2. Debt to revenue ratio. The lower, the better.
Frasers Centrepoint Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Frasers Centrepoint Trust has a Z-score of 1.17, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.17 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
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
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