What is Oasis Crescent Property Fund Financial Strength?
Oasis Crescent Property Fund has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Oasis Crescent Property Fund shows strong financial strength.
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.
Oasis Crescent Property Fund's Interest Coverage for the quarter that ended in Mar. 2024 was 521.16.
Oasis Crescent Property Fund's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01.
As of today, Oasis Crescent Property Fund's Altman Z-Score is 13.63.
Competitive Comparison of Oasis Crescent Property Fund's Financial Strength
For the REIT - Diversified subindustry, Oasis Crescent Property Fund'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.
Oasis Crescent Property Fund's Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Oasis Crescent Property Fund's Financial Strength distribution charts can be found below:
* The bar in red indicates where Oasis Crescent Property Fund's Financial Strength falls into.
Oasis Crescent Property Fund 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:
Oasis Crescent Property Fund's Interest Expense for the
months ended in Mar. 2024 was R-0.1 Mil. Its Operating Income for the
months ended in Mar. 2024 was R38.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R1.2 Mil.
Oasis Crescent Property Fund's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Oasis Crescent Property Fund has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Oasis Crescent Property Fund'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.
Oasis Crescent Property Fund has a Z-score of 13.63, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 13.63 is strong.
* 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.
Oasis Crescent Property Fund (JSE:OAS) Business Description
Traded in Other Exchanges
N/A
Address
96 Upper Roodebloem Road, Oasis House, University Estate, Cape Town, WC, ZAF, 7925
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
Oasis Crescent Property Fund (JSE:OAS) Headlines
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