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. Mori Trust Reit's
Operating Income
for the
six
months ended in Feb. 2024 was $53.1 Mil. Mori Trust Reit's Interest Expense for the
six
months ended in Feb. 2024 was $-4.4 Mil.
Mori Trust Reit's interest coverage for the quarter that ended in Feb. 2024 was 12.05.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mori Trust Reit's Interest Coverage or its related term are showing as below:
MRGIF's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 3.12 * Ranked among companies with meaningful Interest Coverage only.
Mori Trust Reit (OTCPK:MRGIF) 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 .
Mori Trust Reit Interest Coverage Related Terms
Mori Trust Reit Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mori Trust Reit'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.
MRGIF vs ARE, BXP, VNO: Interest Coverage Comparison
For the REIT - Office subindustry, Mori Trust Reit'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.
Mori Trust Reit Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Mori Trust Reit's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mori Trust Reit's Interest Coverage falls into.
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.
Mori Trust Reit (MRGIF) has a Interest Coverage of 12.05 as of Feb. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mori Trust Reit and its competitors.
Is Mori Trust Reit's Interest Coverage too high?
Mori Trust Reit's current Interest Coverage is 12.05. The REITs industry median Interest Coverage is 3.12. Mori Trust Reit's value of 12.05 is 286.2% above this industry median. Overall, Mori Trust Reit has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mori Trust Reit's Interest Coverage compare to ARE and BXP?
Mori Trust Reit's Interest Coverage of 12.05 can be compared against companies in the REITs industry. The industry median Interest Coverage is 3.12. Mori Trust Reit's value of 12.05 is 286.2% above this benchmark. 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. Mori Trust Reit's current Interest Coverage of 12.05 is 286.2% 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 Mori Trust Reit 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. Mori Trust Reit's current Interest Coverage is 12.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Trust Reit stock overvalued right now?
Mori Trust Reit (MRGIF) has a current Interest Coverage of 12.05. The current Interest Coverage is 12.05 and 286.2% above the REITs industry median of 3.12. Mori Trust Reit's overall GF Score™ is 12/100. 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 Mori Trust Reit (MRGIF), the current Interest Coverage is 12.05 as of Feb. 2024. 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.
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.
12GF Score
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