FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) Interest Coverage: No Debt (1) (As of Dec. 2025) — 100% Below Median


BSP:APXM11 FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
14 GF Score
Price R$64.80
! 2 Warning Signs
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What is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Interest Coverage?

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11 -1.82% 14 Interest Coverage is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. GuruFocus rates BSP:APXM11 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 700 REITs companies, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks better than 99.71% 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. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Operating Income for the six months ended in Dec. 2025 was R$9.39 Mil. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Expense for the six months ended in Dec. 2025 was R$0.00 Mil. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has no debt.

(1) 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.

The historical rank and industry rank for FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage or its related term are showing as below:

BSP:APXM11' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

BSP:APXM11's Interest Coverage is ranked better than
99.71% of 700 companies
in the REITs industry
Industry Median: 3.095 vs BSP:APXM11: No Debt

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

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII  (BSP:APXM11) 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 .

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Interest Coverage Related Terms

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Interest Coverage Historical Data

* Premium members only.

The historical data trend for FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII'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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Interest Coverage Chart

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Interest Coverage
No Debt No Debt No Debt No Debt

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Interest Coverage No Debt No Debt No Debt No Debt

BSP:APXM11 vs SPG, O, KIM: Interest Coverage Comparison

For the REIT - Retail subindustry, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII'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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage falls into.


BSP:APXM11
14GF Score
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII 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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Expense was R$0.00 Mil. Its Operating Income was R$9.39 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII had no debt (1).

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Expense was R$0.00 Mil. Its Operating Income was R$9.39 Mil. And its Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a Interest Coverage of No Debt (1) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage has ranged from 10,000.00 to 10,000.00. According to the industry distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #2 out of 700 companies in the REITs industry, placing it in the top 0.3%.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage too high?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00. Based on the distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #2 out of 700 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #2 out of 700 companies for Interest Coverage. This places FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.10. Historically, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's own Interest Coverage has ranged from 10,000.00 to 10,000.00 over the past decade. 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 3.10, based on 700 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. 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 FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII stock overvalued right now?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's overall GF Score™ is 14/100 with 2 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 FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11), the current Interest Coverage is No Debt (1) 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.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Business Description

Industry Real EstateREITs
Address Praia de Botafogo, 501 - 6th Floor (part, Torre Corcovado, RIO DE JANEIRO, RJ, BRA, 22250040
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII was established as a condominium. The Fund's objective is to invest in real estate ventures, in completed properties, land, or properties under construction intended for exploitation of commercial activities, especially, but not limited to, shopping centers.
14GF Score

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

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