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Asset PlusNZSE:APL -1.76%43 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 3.58. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 697 REITs companies, Asset Plus ranks better than 99.86% on this metric.
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. Asset Plus's
Operating Income
for the
six
months ended in Mar. 2026 was NZ$1.81 Mil. Asset Plus's Interest Expense for the
six
months ended in Mar. 2026 was NZ$0.00 Mil.
Asset Plus has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Asset Plus Ltd has no debt.
(1) 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.
The historical rank and industry rank for Asset Plus's Interest Coverage or its related term are showing as below:
NZSE:APL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.67 Med: 3.58 Max: No Debt
Current: No Debt
NZSE:APL's Interest Coverage is ranked better than 99.86% of 697
companies
in the REITs industry
Industry Median: 3.12
vs NZSE:APL: No Debt
Asset Plus (NZSE:APL) 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 .
Asset Plus Interest Coverage Related Terms
Asset Plus Interest Coverage Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Interest Coverage Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Asset Plus'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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Asset Plus (NZSE:APL) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Asset Plus and its competitors. This is 72% below median its historical median of 3.58. Over the past decade, Asset Plus' Interest Coverage has ranged from 0.67 to 10,000.00. According to the industry distribution chart, Asset Plus ranks #1 out of 697 companies in the REITs industry, placing it in the top 0.099999999999994%.
Is Asset Plus' Interest Coverage too high?
Asset Plus' current Interest Coverage of No Debt (1) is 72% below median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 10,000.00. Based on the distribution chart, Asset Plus ranks #1 out of 697 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #1 out of 697 companies for Interest Coverage. This places Asset Plus in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.12. Historically, Asset Plus' own Interest Coverage has ranged from 0.67 to 10,000.00 over the past decade. 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 697 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. 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 Asset Plus 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. Asset Plus's current Interest Coverage is No Debt (1), which is 72% below median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 72% below median its 10-year median of 3.58. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current Interest Coverage is No Debt (1) as of Mar. 2026. 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Interest Coverage: No Debt (1) (72% below median its 10-year median of 3.58)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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