Sunlight Real Estate Investment Trust (FRA:Q9R) Interest Coverage : 2.36 (As of Dec. 2023)

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What is Sunlight 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. Sunlight Real Estate Investment Trust's Operating Income for the six months ended in Dec. 2023 was €30.85 Mil. Sunlight Real Estate Investment Trust's Interest Expense for the six months ended in Dec. 2023 was €-13.07 Mil. Sunlight Real Estate Investment Trust's interest coverage for the quarter that ended in Dec. 2023 was 2.36. The higher the ratio, the stronger the company's financial strength is.

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

FRA:Q9R's Interest Coverage is not ranked ^*
in the REITs industry.
Industry Median: 2.86
* Ranked among companies with meaningful Interest Coverage only.

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

Sunlight Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Sunlight 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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Sunlight Real Estate Investment Trust Interest Coverage Chart

Sunlight Real Estate Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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5.89

5.34

6.16

5.75

3.78

Sunlight Real Estate Investment Trust Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Coverage	Get a 7-Day Free Trial															5.74	4.33	3.35	2.36	2.55

Competitive Comparison of Sunlight Real Estate Investment Trust's Interest Coverage

For the REIT - Diversified subindustry, Sunlight 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.

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

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

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

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Sunlight 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.

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

Here, for the fiscal year that ended in Jun. 2023, Sunlight Real Estate Investment Trust's Interest Expense was €-15.74 Mil. Its Operating Income was €59.47 Mil. And its Long-Term Debt & Capital Lease Obligation was €490.69 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	59.468	/	-15.742
	=	3.78

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

Here, for the six months ended in Dec. 2023, Sunlight Real Estate Investment Trust's Interest Expense was €-13.07 Mil. Its Operating Income was €30.85 Mil. And its Long-Term Debt & Capital Lease Obligation was €572.18 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	30.853	/	-13.066
	=	2.36

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

Sunlight Real Estate Investment Trust (FRA:Q9R) 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 .

Sunlight Real Estate Investment Trust Interest Coverage Related Terms

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Sunlight Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sunlight Real Estate Investment Trust (FRA:Q9R) » Definitions » Interest Coverage

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00435:Hong Kong

Address

248 Queen’s Road East, 30th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

http://www.sunlightreit.com

Sunlight Real Estate Investment Trust invests in a portfolio of office and retail properties in Hong Kong. The office properties are located in core business areas, including the Central, Wan Chai, and Sheung Wan districts. Properties are also located in decentralized business areas of the city, including North Point, Mong Kok, and Yau Ma Tei. Office properties include Sunlight Tower, Strand 50, Righteous Centre, and Winsome House Property. The retail properties are located in regional transportation hubs, towns, and urban areas, including Sheung Shui Centre Shopping Arcade, Metro City, and Kwong Wash Plaza. The company has two operating segments, which are Office Properties and Retail Properties. The company generates the majority of its revenue from the Retail Properties.

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