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Private Land & Property Fund (NZSE:PLP) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Private Land & Property Fund 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. Private Land & Property Fund's Operating Income for the six months ended in . 20 was NZ$0.00 Mil. Private Land & Property Fund's Interest Expense for the six months ended in . 20 was NZ$0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Private Land & Property Fund's Interest Coverage or its related term are showing as below:


NZSE:PLP's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 43.915
* 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.


Private Land & Property Fund Interest Coverage Historical Data

The historical data trend for Private Land & Property Fund'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.

Private Land & Property Fund Interest Coverage Chart

Private Land & Property Fund Annual Data
Trend
Interest Coverage

Private Land & Property Fund Semi-Annual Data
Interest Coverage

Competitive Comparison of Private Land & Property Fund's Interest Coverage

For the Asset Management subindustry, Private Land & 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.


Private Land & Property Fund's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Private Land & Property Fund's Interest Coverage distribution charts can be found below:

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


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Private Land & 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

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.

Private Land & Property Fund's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Private Land & Property Fund's Interest Expense was NZ$0.00 Mil. Its Operating Income was NZ$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$0.00 Mil.

Private Land & Property Fund had no debt (1).

Private Land & Property Fund's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Private Land & Property Fund's Interest Expense was NZ$0.00 Mil. Its Operating Income was NZ$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$0.00 Mil.

Private Land & Property Fund had no debt (1).

* 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.


Private Land & Property Fund  (NZSE:PLP) 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 .


Private Land & Property Fund Interest Coverage Related Terms

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Private Land & Property Fund Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1 Willis Street, Manners Street, PO Box 11872, Level 19, Aon Centre, Wellington, TKI, NZL, 6142
Private Land & Property Fund provides investors with an opportunity to obtain investment exposure predominantly in a specialized portfolio of directly held, unlisted, agricultural and horticultural land and other property investments in New Zealand, which may be supplemented with investments in industrial, commercial and retail properties (including land, buildings, bearer plants1, and plant and equipment, which are together referred to as Property).

Private Land & Property Fund Headlines

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