Castleview Property Fund (JSE:CVW) Interest Coverage : 0.46 (As of Sep. 2023)

Castleview Property Fund Interest Coverage Chart

Castleview Property Fund Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Sep23
Interest Coverage	Get a 7-Day Free Trial						2.45	2.35	1.88	1.07	0.46

Competitive Comparison of Castleview Property Fund's Interest Coverage

For the REIT - Retail subindustry, Castleview Property Fund'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.

Castleview Property Fund's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Castleview Property Fund's Interest Coverage falls into.

Castleview Property Fund 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Castleview Property Fund's Interest Coverage for the fiscal year that ended in Feb. 2022 is calculated as

Here, for the fiscal year that ended in Feb. 2022, Castleview Property Fund's Interest Expense was R-12 Mil. Its Operating Income was R30 Mil. And its Long-Term Debt & Capital Lease Obligation was R192 Mil.

Castleview Property Fund's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Castleview Property Fund's Interest Expense was R-448 Mil. Its Operating Income was R205 Mil. And its Long-Term Debt & Capital Lease Obligation was R8,248 Mil.

* 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.

Castleview Property Fund  (JSE:CVW) 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 .

Castleview Property Fund Interest Coverage Related Terms

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Castleview Property Fund (JSE:CVW) Business Description