Winton Land (ASX:WTN) Interest Coverage : 4.88 (As of Dec. 2023)

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What is Winton Land 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. Winton Land's Operating Income for the six months ended in Dec. 2023 was A$7.9 Mil. Winton Land's Interest Expense for the six months ended in Dec. 2023 was A$-1.6 Mil. Winton Land's interest coverage for the quarter that ended in Dec. 2023 was 4.88. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Winton Land's Interest Coverage or its related term are showing as below:

ASX:WTN' s Interest Coverage Range Over the Past 10 Years
Min: 23.14 Med: 36.49 Max: 49.84
Current: 27.04

ASX:WTN's Interest Coverage is ranked better than
78.15% of 1350 companies
in the Real Estate industry
Industry Median: 3.985 vs ASX:WTN: 27.04

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

Winton Land Interest Coverage Historical Data

The historical data trend for Winton Land'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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Winton Land Interest Coverage Chart

Winton Land Annual Data

Trend

Jun21

Jun22

Jun23

Interest Coverage

N/A

23.14

49.83

Winton Land Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	4.10	27.83	25.80	85.13	4.88

Competitive Comparison of Winton Land's Interest Coverage

For the Real Estate - Development subindustry, Winton Land'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.

Winton Land's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Winton Land's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Winton Land's Interest Coverage falls into.

Winton Land 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.

Winton Land's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Winton Land's Interest Expense was A$-1.5 Mil. Its Operating Income was A$74.4 Mil. And its Long-Term Debt & Capital Lease Obligation was A$8.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	74.402	/	-1.493
	=	49.83

Winton Land's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Winton Land's Interest Expense was A$-1.6 Mil. Its Operating Income was A$7.9 Mil. And its Long-Term Debt & Capital Lease Obligation was A$67.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.873	/	-1.613
	=	4.88

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

Winton Land (ASX:WTN) 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 .

Winton Land Interest Coverage Related Terms

Thank you for viewing the detailed overview of Winton Land's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Winton Land (ASX:WTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Winton Land Ltd (ASX:WTN) » Definitions » Interest Coverage

Traded in Other Exchanges

WIN:New Zealand

Address

10 Viaduct Harbour Avenue, Level 4, Auckland, NTL, NZL, 1010

Website

https://www.winton.nz

Winton Land Ltd is a privately owned developer with projects in New Zealand and Australia. It specializes in developing integrated and fully master-planned communities. The company has a portfolio of several resident lots, dwellings, apartment units, and retirement village units. The company has three reportable segments which are Residential development, Retirement villages, and Commercial portfolio and the company generates the majority of its revenue from residential development.

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