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Frasers Property (Thailand) PCL (BKK:FPT-R) Interest Coverage : 1.21 (As of Mar. 2024)


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What is Frasers Property (Thailand) PCL 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. Frasers Property (Thailand) PCL's Operating Income for the three months ended in Mar. 2024 was ฿357 Mil. Frasers Property (Thailand) PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-295 Mil. Frasers Property (Thailand) PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.21. 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. Frasers Property (Thailand) PCL interest coverage is 1.79, which is low.

The historical rank and industry rank for Frasers Property (Thailand) PCL's Interest Coverage or its related term are showing as below:

BKK:FPT-R' s Interest Coverage Range Over the Past 10 Years
Min: 0.59   Med: 2.25   Max: 4.09
Current: 1.79


BKK:FPT-R's Interest Coverage is ranked worse than
72.47% of 1333 companies
in the Real Estate industry
Industry Median: 3.98 vs BKK:FPT-R: 1.79

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


Frasers Property (Thailand) PCL Interest Coverage Historical Data

The historical data trend for Frasers Property (Thailand) PCL'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.

* Premium members only.

Frasers Property (Thailand) PCL Interest Coverage Chart

Frasers Property (Thailand) PCL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.09 3.57 2.35 3.38 2.13

Frasers Property (Thailand) PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.62 - 5.11 1.02 1.21

Competitive Comparison of Frasers Property (Thailand) PCL's Interest Coverage

For the Real Estate - Development subindustry, Frasers Property (Thailand) PCL'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.


Frasers Property (Thailand) PCL's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Frasers Property (Thailand) PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Frasers Property (Thailand) PCL's Interest Coverage falls into.



Frasers Property (Thailand) PCL 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.

Frasers Property (Thailand) PCL's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Frasers Property (Thailand) PCL's Interest Expense was ฿-1,163 Mil. Its Operating Income was ฿2,478 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿36,968 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2023 )/Interest Expense (A: Sep. 2023 )
=-1*2478.402/-1163.341
=2.13

Frasers Property (Thailand) PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Frasers Property (Thailand) PCL's Interest Expense was ฿-295 Mil. Its Operating Income was ฿357 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿33,421 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*356.908/-295.022
=1.21

* 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.


Frasers Property (Thailand) PCL  (BKK:FPT-R) 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 .


Frasers Property (Thailand) PCL Interest Coverage Related Terms

Thank you for viewing the detailed overview of Frasers Property (Thailand) PCL's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Frasers Property (Thailand) PCL (BKK:FPT-R) Business Description

Traded in Other Exchanges
Address
Rama 4 Road, No. 944 Mitrtown Office Tower, 22nd - 23rd Floor, Wangmai Subdistrict, Pathumwan District, Bangkok, THA, 10330
Frasers Property (Thailand) PCL is an industrial real estate developer operating in Thailand. The company and its subsidiaries are principally engaged in the industrial real estate development business, which comprises the development of factories and warehouses, mainly for rent and occasionally for sale, and the provision of service related to rental business. The vast majority of Ticon's revenue is derived from the sale of a property, with notable rental and service income. The group and its subsidiaries operate their business in Thailand only.

Frasers Property (Thailand) PCL (BKK:FPT-R) Headlines

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