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MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) Interest Coverage : 26.62 (As of Mar. 2025)


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What is MFC Industrial Investment Freehold and Leasehold REIT 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. MFC Industrial Investment Freehold and Leasehold REIT's Operating Income for the three months ended in Mar. 2025 was ฿30.3 Mil. MFC Industrial Investment Freehold and Leasehold REIT's Interest Expense for the three months ended in Mar. 2025 was ฿-1.1 Mil. MFC Industrial Investment Freehold and Leasehold REIT's interest coverage for the quarter that ended in Mar. 2025 was 26.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage or its related term are showing as below:

BKK:MII' s Interest Coverage Range Over the Past 10 Years
Min: 21.48   Med: No Debt   Max: No Debt
Current: 26.44


BKK:MII's Interest Coverage is ranked better than
84.97% of 712 companies
in the REITs industry
Industry Median: 2.86 vs BKK:MII: 26.44

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


MFC Industrial Investment Freehold and Leasehold REIT Interest Coverage Historical Data

The historical data trend for MFC Industrial Investment Freehold and Leasehold REIT'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.

MFC Industrial Investment Freehold and Leasehold REIT Interest Coverage Chart

MFC Industrial Investment Freehold and Leasehold REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.48 27.21 23.03 25.19 N/A

MFC Industrial Investment Freehold and Leasehold REIT Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 28.05 27.33 25.40 N/A 26.62

Competitive Comparison of MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage

For the REIT - Diversified subindustry, MFC Industrial Investment Freehold and Leasehold REIT'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.


MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage falls into.


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MFC Industrial Investment Freehold and Leasehold REIT 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.

MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, MFC Industrial Investment Freehold and Leasehold REIT's Interest Expense was ฿0.0 Mil. Its Operating Income was ฿0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿143.6 Mil.

GuruFocus does not calculate MFC Industrial Investment Freehold and Leasehold REIT's interest coverage with the available data.

MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, MFC Industrial Investment Freehold and Leasehold REIT's Interest Expense was ฿-1.1 Mil. Its Operating Income was ฿30.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿142.4 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*30.267/-1.137
=26.62

* 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.


MFC Industrial Investment Freehold and Leasehold REIT  (BKK:MII) 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 .


MFC Industrial Investment Freehold and Leasehold REIT Interest Coverage Related Terms

Thank you for viewing the detailed overview of MFC Industrial Investment Freehold and Leasehold REIT's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


MFC Industrial Investment Freehold and Leasehold REIT Business Description

Traded in Other Exchanges
N/A
Address
Ratchadapisek Road, No. 199 Column Tower, Ground Floor and 21st - 23rd Floor, Khlong Toei Subdistrict, Klongtoey District, Bangkok, THA, 10110
MFC Industrial Investment Freehold and Leasehold REIT is a close-ended property fund with no maturity date. Its objective of supporting the conversion from a Fund and to raise funds to invest in real estate or accept the transfer of leasehold rights to real estate, sub-leasehold rights to real estate, including movable properties and equipment related to operations and to generate benefits from real estate. The Trust has operated under one geographical activity for segment information which is the rental of properties in Thailand.

MFC Industrial Investment Freehold and Leasehold REIT Headlines

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