What is Vukile Property Fund Financial Strength?
Vukile Property Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Vukile Property Fund Ltd 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.
Vukile Property Fund's Interest Coverage for the quarter that ended in Mar. 2024 was 1.90.
Vukile Property Fund's debt to revenue ratio for the quarter that ended in Mar. 2024 was 4.81.
As of today, Vukile Property Fund's Altman Z-Score is 0.88.
Competitive Comparison of Vukile Property Fund's Financial Strength
For the REIT - Retail subindustry, Vukile 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.
Vukile Property Fund's Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Vukile Property Fund's Financial Strength distribution charts can be found below:
* The bar in red indicates where Vukile Property Fund's Financial Strength falls into.
Vukile 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:
Vukile Property Fund's Interest Expense for the
months ended in Mar. 2024 was N$-536 Mil. Its Operating Income for the
months ended in Mar. 2024 was N$1,018 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was N$17,574 Mil.
Vukile 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Vukile Property Fund Ltd interest coverage is 2.11, which is low.
2. Debt to revenue ratio. The lower, the better.
Vukile 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.
Vukile Property Fund has a Z-score of 0.88, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.88 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.
Vukile Property Fund (NAM:VKN) Business Description
Traded in Other Exchanges
Address
11 9th Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue primarily from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also significant portfolio constituents. The majority of the company's tenants are large, listed national companies and major franchises, with the remainder comprising government and midsize to large professional firms.
Vukile Property Fund (NAM:VKN) Headlines
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