Cromwell Property Group (ASX:CMW) Interest Coverage: 2.34 (As of Dec. 2025) — 32% Above Median


ASX:CMW Cromwell Property Group ASX:CMW
49 GF Score
Price A$0.44
GF Value A$0.36
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Cromwell Property Group Interest Coverage?

Cromwell Property Group ASX:CMW -2.25% 49 Interest Coverage is 2.34 as of Dec. 2025, which is 32% above its 10-year median of 1.77. GuruFocus rates ASX:CMW with a GF Score™ of 49/100 and a GF Value™ of A$0.36 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 701 REITs companies, Cromwell Property Group ranks worse than 64.91% on this metric.

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. Cromwell Property Group's Operating Income for the six months ended in Dec. 2025 was A$49.0 Mil. Cromwell Property Group's Interest Expense for the six months ended in Dec. 2025 was A$-20.9 Mil. Cromwell Property Group's interest coverage for the quarter that ended in Dec. 2025 was 2.34. 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. Cromwell Property Group interest coverage is 2.25, which is low.

The historical rank and industry rank for Cromwell Property Group's Interest Coverage or its related term are showing as below:

ASX:CMW' s Interest Coverage Range Over the Past 10 Years
Min: 1.04   Med: 1.77   Max: 2.57
Current: 2.25


ASX:CMW's Interest Coverage is ranked worse than
64.91% of 701 companies
in the REITs industry
Industry Median: 3.12 vs ASX:CMW: 2.25

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


Cromwell Property Group  (ASX:CMW) 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 .


Cromwell Property Group Interest Coverage Related Terms


Cromwell Property Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Cromwell Property Group'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.

Cromwell Property Group Interest Coverage Chart

Cromwell Property Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 2.08 1.67 1.39 1.77

Cromwell Property Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.34 1.45 1.51 2.17 2.34

ASX:CMW vs BXP, ARE, VNO: Interest Coverage Comparison

For the REIT - Office subindustry, Cromwell Property Group'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.


Cromwell Property Group Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Cromwell Property Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cromwell Property Group's Interest Coverage falls into.


ASX:CMW
49GF Score
Cromwell Property Group ASX:CMW
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cromwell Property Group 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.

Cromwell Property Group's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Cromwell Property Group's Interest Expense was A$-55.7 Mil. Its Operating Income was A$98.4 Mil. And its Long-Term Debt & Capital Lease Obligation was A$675.3 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*98.4/-55.7
=1.77

Cromwell Property Group's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Cromwell Property Group's Interest Expense was A$-20.9 Mil. Its Operating Income was A$49.0 Mil. And its Long-Term Debt & Capital Lease Obligation was A$736.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*49/-20.9
=2.34

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.34 mean?
Cromwell Property Group (ASX:CMW) has a Interest Coverage of 2.34 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cromwell Property Group and its competitors. This is 32% above median its historical median of 1.77. Over the past decade, Cromwell Property Group's Interest Coverage has ranged from 1.04 to 2.57. According to the industry distribution chart, Cromwell Property Group ranks #455 out of 701 companies in the REITs industry, placing it in the top 64.9%.
Is Cromwell Property Group's Interest Coverage too high?
Cromwell Property Group's current Interest Coverage of 2.34 is 32% above median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.57. The REITs industry median Interest Coverage is 3.12. Cromwell Property Group's value of 2.34 is 25% below this industry median. Based on the distribution chart, Cromwell Property Group ranks #455 out of 701 companies in the REITs industry, which is below the industry midpoint. Overall, Cromwell Property Group has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cromwell Property Group's Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, Cromwell Property Group ranks #455 out of 701 companies for Interest Coverage. This places Cromwell Property Group in the lower half of its industry. The industry median Interest Coverage is 3.12. Cromwell Property Group's value of 2.34 is 25% below this benchmark. Historically, Cromwell Property Group's own Interest Coverage has ranged from 1.04 to 2.57 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 3.12, Cromwell Property Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cromwell Property Group's current Interest Coverage of 2.34 is 25% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cromwell Property Group and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cromwell Property Group's current Interest Coverage is 2.34, which is 32% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cromwell Property Group stock overvalued right now?
Based on GuruFocus' analysis, Cromwell Property Group (ASX:CMW) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.36, compared to a current price of A$0.44 — trading 20.8% above its estimated fair value. The current Interest Coverage is 2.34, which is 32% above median its 10-year median of 1.77 and 25% below the REITs industry median of 3.12. Cromwell Property Group's overall GF Score™ is 49/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Cromwell Property Group (ASX:CMW), the current Interest Coverage is 2.34 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cromwell Property Group (ASX:CMW) Overvalued in 2026?

Based on GuruFocus' analysis, Cromwell Property Group stock appears to be overvalued. The current stock price of A$0.44 is trading 20.8% above its estimated GF Value™ of A$0.36. GuruFocus considers Cromwell Property Group to be Modestly Overvalued.

Key valuation signals for ASX:CMW:

  • Interest Coverage: 2.34 (32% above median its 10-year median of 1.77)
  • GF Value™: A$0.36 vs. price of A$0.44 (20.8% above fair value)
  • GF Score™: 49/100 with 9 warning signs
  • Industry Position: 25% below the REITs median (#455 of 701)

No single metric tells the full story. See the ASX:CMW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cromwell Property Group Business Description

Industry Real EstateREITs
Address 100 Creek Street, Level 10, Brisbane, QLD, AUS, 4000
Cromwell Property Group is an internally managed Australian real estate investment trust. It owns a property portfolio of mostly Australian offices, and also develops and manages properties on behalf of third-party investors in Australia and New Zealand. The group has sold or is in the process of selling its European business in 2024, and once complete, Cromwell's gearing should reduce substantially. This additional financial strength means the business could shift in a variety of directions. Management vows to operate as a capital-light investment manager with a domestic focus. As of Dec. 31, 2025, the funds platform managed third-party assets of AUD 2.8 billion across Australia and New Zealand.
49GF Score

Get the complete analysis for ASX:CMW

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.44
Price
A$0.36
GF Value