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British Land Co (MEX:BLND) Interest Coverage : 2.40 (As of Sep. 2024)


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What is British Land Co 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. British Land Co's Operating Income for the six months ended in Sep. 2024 was MXN2,995 Mil. British Land Co's Interest Expense for the six months ended in Sep. 2024 was MXN-1,250 Mil. British Land Co's interest coverage for the quarter that ended in Sep. 2024 was 2.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for British Land Co's Interest Coverage or its related term are showing as below:

MEX:BLND' s Interest Coverage Range Over the Past 10 Years
Min: 2.17   Med: 3.22   Max: 4.43
Current: 2.17


MEX:BLND's Interest Coverage is ranked worse than
63.9% of 712 companies
in the REITs industry
Industry Median: 2.87 vs MEX:BLND: 2.17

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


British Land Co Interest Coverage Historical Data

The historical data trend for British Land Co'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.

British Land Co Interest Coverage Chart

British Land Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.30 2.27 2.59 3.21

British Land Co Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 2.65 2.52 4.36 1.96 2.40

Competitive Comparison of British Land Co's Interest Coverage

For the REIT - Diversified subindustry, British Land Co'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.


British Land Co's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, British Land Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where British Land Co's Interest Coverage falls into.



British Land Co 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.

British Land Co's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, British Land Co's Interest Expense was MXN-2,256 Mil. Its Operating Income was MXN7,254 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN48,987 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*7254.272/-2256.416
=3.21

British Land Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, British Land Co's Interest Expense was MXN-1,250 Mil. Its Operating Income was MXN2,995 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN66,754 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*2995.218/-1250.178
=2.40

* 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.


British Land Co  (MEX:BLND) 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 .


British Land Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of British Land Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


British Land Co Business Description

Address
45 Seymour Street, York House, London, GBR, W1H 7LX
British Land Co PLC is a real estate investment trust that owns, manages, and develops a portfolio of properties across the United Kingdom. The REIT categorizes its portfolio into three types: Offices, Retail, and Canada Water. The retail and leisure portfolio, which accounts for approximately half of total assets, consists of retail stores, shopping centers, and leisure venues. The offices and residential portfolio focuses on offices and residential buildings in London and the West End region and also accounts for approximately half of the entire portfolio. Development, the remaining small portion of portfolio value, represents British Land's London-based development projects.