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Fubon No 2 Real Estate Investment Trust (TPE:01004T) Interest Coverage : No Debt (1) (As of Jun. 2016)


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What is Fubon No 2 Real Estate Investment 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. Fubon No 2 Real Estate Investment Trust's Operating Income for the six months ended in Jun. 2016 was NT$145.9 Mil. Fubon No 2 Real Estate Investment Trust's Interest Expense for the six months ended in Jun. 2016 was NT$0.0 Mil. Fubon No 2 Real Estate Investment Trust has no debt. 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 Fubon No 2 Real Estate Investment Trust's Interest Coverage or its related term are showing as below:


TPE:01004T's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.95
* 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.


Fubon No 2 Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Fubon No 2 Real Estate Investment 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.

Fubon No 2 Real Estate Investment Trust Interest Coverage Chart

Fubon No 2 Real Estate Investment Trust Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Fubon No 2 Real Estate Investment Trust Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fubon No 2 Real Estate Investment Trust's Interest Coverage

For the REIT - Office subindustry, Fubon No 2 Real Estate Investment 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.


Fubon No 2 Real Estate Investment Trust's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fubon No 2 Real Estate Investment Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fubon No 2 Real Estate Investment Trust's Interest Coverage falls into.



Fubon No 2 Real Estate Investment 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.

Fubon No 2 Real Estate Investment Trust's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Fubon No 2 Real Estate Investment Trust's Interest Expense was NT$0.0 Mil. Its Operating Income was NT$296.1 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$0.0 Mil.

Fubon No 2 Real Estate Investment Trust had no debt (1).

Fubon No 2 Real Estate Investment Trust's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Here, for the six months ended in Jun. 2016, Fubon No 2 Real Estate Investment Trust's Interest Expense was NT$0.0 Mil. Its Operating Income was NT$145.9 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$0.0 Mil.

Fubon No 2 Real Estate Investment Trust 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.


Fubon No 2 Real Estate Investment Trust  (TPE:01004T) 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 .


Fubon No 2 Real Estate Investment Trust Interest Coverage Related Terms

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Fubon No 2 Real Estate Investment Trust (TPE:01004T) Business Description

Traded in Other Exchanges
N/A
Address
10th Floor No. 258, Section 4, Jen-Ai Road, Taipei, TWN
Fubon No 2 Real Estate Investment Trust leases and operates office and commercial buildings. Its activities include real estate transactions, counseling and development of construction business to improve the pre-sale system. The company also provides financial collateral for real estate assessment and non-performing collateral valuation collateral.

Fubon No 2 Real Estate Investment Trust (TPE:01004T) Headlines

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