Goodman New Zealand and Goodman Property Services (FRA:NJK) 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 .
Goodman New Zealand and Goodman Property Services Interest Coverage Related Terms
Goodman New Zealand and Goodman Property Services Interest Coverage Historical Data
* 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.
Goodman New Zealand and Goodman Property Services Interest Coverage Chart
Goodman New Zealand and Goodman Property Services Annual Data
FRA:NJK vs PLD, PSA, EXR: Interest Coverage Comparison
For the REIT - Industrial subindustry, Goodman New Zealand and Goodman Property Services'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.
Goodman New Zealand and Goodman Property Services Interest Coverage vs REITs Industry
Goodman New Zealand and Goodman Property Services 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:
* 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.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Interest Coverage of 3.61 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 35% below median its historical median of 5.54. Over the past decade, Goodman New Zealand and Goodman Property Services' Interest Coverage has ranged from 3.34 to 7.35. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #311 out of 701 companies in the REITs industry, placing it in the top 44.4%.
Is Goodman New Zealand and Goodman Property Services' Interest Coverage too high?
Goodman New Zealand and Goodman Property Services' current Interest Coverage of 3.61 is 35% below median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 7.35. The REITs industry median Interest Coverage is 3.12. Goodman New Zealand and Goodman Property Services' value of 3.61 is 15.7% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #311 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #311 out of 701 companies for Interest Coverage. This puts Goodman New Zealand and Goodman Property Services in the upper half of its industry. The industry median Interest Coverage is 3.12. Goodman New Zealand and Goodman Property Services' value of 3.61 is 15.7% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Interest Coverage has ranged from 3.34 to 7.35 over the past decade. While the company's 10-year median is 5.54 vs. the industry median of 3.12, Goodman New Zealand and Goodman Property Services has consistently been above the industry average. 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 3.12, based on 701 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. Goodman New Zealand and Goodman Property Services's current Interest Coverage of 3.61 is 15.7% above the industry median. 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 Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Interest Coverage is 3.61, which is 35% below median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (FRA:NJK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.74, compared to a current price of €1.00 — trading 35.1% above its estimated fair value. The current Interest Coverage is 3.61, which is 35% below median its 10-year median of 5.54 and 15.7% above the REITs industry median of 3.12. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 31/100 with 7 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 Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Interest Coverage is 3.61 as of Sep. 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.
Is Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €1.00 is trading 35.1% above its estimated GF Value™ of €0.74.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for FRA:NJK:
Interest Coverage: 3.61 (35% below median its 10-year median of 5.54)
GF Value™: €0.74 vs. price of €1.00 (35.1% above fair value)
Industry Position: 15.7% above the REITs median (#311 of 701)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand and Goodman Property Services Business Description
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
31GF Score
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