Canadian Real Estate Investment Trust (Canadian Real Estate Investment Trust) Interest Coverage : 3.71 (As of Dec. 2017)

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What is Canadian Real Estate Investment 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. Canadian Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2017 was $51.8 Mil. Canadian Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2017 was $-14.0 Mil. Canadian Real Estate Investment Trust's interest coverage for the quarter that ended in Dec. 2017 was 3.71. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Canadian Real Estate Investment Trust's Interest Coverage or its related term are showing as below:

CRXIF's Interest Coverage is not ranked ^*
in the REITs industry.
Industry Median: 2.98
* Ranked among companies with meaningful Interest Coverage only.

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

Canadian Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Canadian Real Estate Investment 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.

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Canadian Real Estate Investment Trust Interest Coverage Chart

Canadian Real Estate Investment Trust Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Coverage

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2.93

3.03

3.24

3.46

Canadian Real Estate Investment Trust Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Interest Coverage	Get a 7-Day Free Trial															3.38	3.33	3.34	3.48	3.71

Competitive Comparison of Canadian Real Estate Investment Trust's Interest Coverage

For the REIT - Diversified subindustry, Canadian Real Estate Investment 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.

Canadian Real Estate Investment Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Canadian Real Estate Investment Trust's Interest Coverage falls into.

Canadian Real Estate Investment 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.

Canadian Real Estate Investment Trust's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Canadian Real Estate Investment Trust's Interest Expense was $-58.7 Mil. Its Operating Income was $203.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,457.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2017 )	/	Interest Expense (A: Dec. 2017 )
	=	-1	*	202.962	/	-58.684
	=	3.46

Canadian Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as

Here, for the three months ended in Dec. 2017, Canadian Real Estate Investment Trust's Interest Expense was $-14.0 Mil. Its Operating Income was $51.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,457.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2017 )	/	Interest Expense (Q: Dec. 2017 )
	=	-1	*	51.8	/	-13.953
	=	3.71

The higher the ratio, the stronger the company's Financial Strength is.

Canadian Real Estate Investment Trust (OTCPK:CRXIF) 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 .

Canadian Real Estate Investment Trust Interest Coverage Related Terms

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Canadian Real Estate Investment Trust (Canadian Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Real Estate Investment Trust (OTCPK:CRXIF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.creit.ca

Canadian Real Estate Investment Trust, or CREIT, is a real estate investment trust with a portfolio of properties located throughout the provinces of Canada and the United States. CREIT segments its real estate holdings into Retail, Industrial, and Office assets. Most of the company's revenue is generated in the form of property rental income derived from its retail holdings. Office and industrial real estate assets also represent very substantial revenue streams for the company. CREIT's properties in Alberta and Ontario are responsible for the vast majority of the company's revenue in terms of geography and, together, encompass over half of all of CREIT's leasable square footage. The leases held by CREIT's tenants are primarily split between mid-term and long-term agreements.

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