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Frasers Commercial Trust (SGX:KT8U.PFD) Interest Coverage : 4.56 (As of Dec. 2019)


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What is Frasers Commercial Trust 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. Frasers Commercial Trust's Operating Income for the three months ended in Dec. 2019 was S$21.80 Mil. Frasers Commercial Trust's Interest Expense for the three months ended in Dec. 2019 was S$-4.79 Mil. Frasers Commercial Trust's interest coverage for the quarter that ended in Dec. 2019 was 4.56. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Frasers Commercial Trust's Interest Coverage or its related term are showing as below:

SGX:KT8U.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 1.76   Med: 3.67   Max: 4.46
Current: 4.46


SGX:KT8U.PFD's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 2.93 vs SGX:KT8U.PFD: 4.46

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


Frasers Commercial Trust Interest Coverage Historical Data

The historical data trend for Frasers Commercial Trust'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.

Frasers Commercial Trust Interest Coverage Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 4.33 4.24 3.16 3.63

Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 3.78 5.80 3.42 3.81 4.56

Competitive Comparison of Frasers Commercial Trust's Interest Coverage

For the REIT - Office subindustry, Frasers Commercial Trust'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.


Frasers Commercial Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Frasers Commercial Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Frasers Commercial Trust's Interest Coverage falls into.



Frasers Commercial Trust 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.

Frasers Commercial Trust's Interest Coverage for the fiscal year that ended in Sep. 2019 is calculated as

Here, for the fiscal year that ended in Sep. 2019, Frasers Commercial Trust's Interest Expense was S$-18.38 Mil. Its Operating Income was S$66.75 Mil. And its Long-Term Debt & Capital Lease Obligation was S$464.64 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2019 )/Interest Expense (A: Sep. 2019 )
=-1*66.746/-18.379
=3.63

Frasers Commercial Trust's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Here, for the three months ended in Dec. 2019, Frasers Commercial Trust's Interest Expense was S$-4.79 Mil. Its Operating Income was S$21.80 Mil. And its Long-Term Debt & Capital Lease Obligation was S$466.57 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2019 )/Interest Expense (Q: Dec. 2019 )
=-1*21.796/-4.785
=4.56

* 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.


Frasers Commercial Trust  (SGX:KT8U.PFD) 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 .


Frasers Commercial Trust Interest Coverage Related Terms

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


Frasers Commercial Trust (SGX:KT8U.PFD) Business Description

Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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