IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) Interest Coverage : 10.14 (As of Dec. 2023)

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What is IMPACT Growth Real Estate Investment Trust 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. IMPACT Growth Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was ฿361 Mil. IMPACT Growth Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2023 was ฿-36 Mil. IMPACT Growth Real Estate Investment Trust's interest coverage for the quarter that ended in Dec. 2023 was 10.14. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for IMPACT Growth Real Estate Investment Trust's Interest Coverage or its related term are showing as below:

BKK:IMPACT' s Interest Coverage Range Over the Past 10 Years
Min: 2.39 Med: 7.94 Max: 10.3
Current: 7.82

BKK:IMPACT's Interest Coverage is ranked better than
74.37% of 671 companies
in the REITs industry
Industry Median: 2.98 vs BKK:IMPACT: 7.82

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

IMPACT Growth Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for IMPACT Growth Real Estate Investment Trust'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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IMPACT Growth Real Estate Investment Trust Interest Coverage Chart

IMPACT Growth Real Estate Investment Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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9.22

9.31

4.71

2.39

10.30

IMPACT Growth Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															14.30	7.65	7.54	5.79	10.14

Competitive Comparison of IMPACT Growth Real Estate Investment Trust's Interest Coverage

For the REIT - Specialty subindustry, IMPACT Growth Real Estate Investment Trust'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.

IMPACT Growth Real Estate Investment Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, IMPACT Growth Real Estate Investment Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IMPACT Growth Real Estate Investment Trust's Interest Coverage falls into.

IMPACT Growth Real Estate Investment Trust 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.

IMPACT Growth Real Estate Investment Trust's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, IMPACT Growth Real Estate Investment Trust's Interest Expense was ฿-101 Mil. Its Operating Income was ฿1,042 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿3,858 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1041.882	/	-101.178
	=	10.30

IMPACT Growth Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, IMPACT Growth Real Estate Investment Trust's Interest Expense was ฿-36 Mil. Its Operating Income was ฿361 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	361.171	/	-35.624
	=	10.14

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

IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) 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 .

IMPACT Growth Real Estate Investment Trust Interest Coverage Related Terms

Thank you for viewing the detailed overview of IMPACT Growth Real Estate Investment Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

New Geneva Industry Condominium Popular Road 3, No. 47/569-576 Moo 3, Floor 10, Banmai Subdistrict,Pakkred District, Nonthaburi, THA, 11120

Website

http://www.impactgrowthreit.com

IMPACT Growth Real Estate Investment Trust is a real estate investment trust that owns, operates, and manages facilities and utility systems that make up the Impact Muang Thong Thani complex in Thailand. The Impact Muang Thong Thani is an exhibition and convention center venue in Asia. Collectively, it contains the Impact Arena, Impact Exhibition Center, and Impact Forum. Impact Growth REIT's properties host a variety of tenants, including public sector, private sector, and international private-sector entities. The real estate investment trust derives the vast majority of its revenue from renting out the massive venue to clients hosting events. The remainder of its income comes from media fees, long-term rentals, and parking income from the convention center.

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