Sagicor Real Estate X Fund (XJAM:XFUND) Interest Coverage : 4.01 (As of Dec. 2023)

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What is Sagicor Real Estate X 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. Sagicor Real Estate X Fund's Operating Income for the six months ended in Dec. 2023 was JMD1,263 Mil. Sagicor Real Estate X Fund's Interest Expense for the six months ended in Dec. 2023 was JMD-315 Mil. Sagicor Real Estate X Fund's interest coverage for the quarter that ended in Dec. 2023 was 4.01. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sagicor Real Estate X Fund's Interest Coverage or its related term are showing as below:

XJAM:XFUND' s Interest Coverage Range Over the Past 10 Years
Min: 3.28 Med: 3.41 Max: 4.01
Current: 4.01

XJAM:XFUND's Interest Coverage is ranked better than
50.3% of 1334 companies
in the Real Estate industry
Industry Median: 3.97 vs XJAM:XFUND: 4.01

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

Sagicor Real Estate X Fund Interest Coverage Historical Data

The historical data trend for Sagicor Real Estate X 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.

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Sagicor Real Estate X Fund Interest Coverage Chart

Sagicor Real Estate X Fund Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

3.41

3.28

4.01

Sagicor Real Estate X Fund Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Coverage	3.41	3.28	4.01

Competitive Comparison of Sagicor Real Estate X Fund's Interest Coverage

For the Real Estate - Development subindustry, Sagicor Real Estate X 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.

Sagicor Real Estate X Fund's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sagicor Real Estate X Fund's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sagicor Real Estate X Fund's Interest Coverage falls into.

Sagicor Real Estate X 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.

Sagicor Real Estate X Fund's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Sagicor Real Estate X Fund's Interest Expense was JMD-315 Mil. Its Operating Income was JMD1,263 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD6,589 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1263.482	/	-314.998
	=	4.01

Sagicor Real Estate X Fund's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Sagicor Real Estate X Fund's Interest Expense was JMD-315 Mil. Its Operating Income was JMD1,263 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD6,589 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1263.482	/	-314.998
	=	4.01

The higher the ratio, the stronger the company's Financial Strength is.

Sagicor Real Estate X Fund (XJAM:XFUND) 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 .

Sagicor Real Estate X Fund Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sagicor Real Estate X Fund's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Sagicor Real Estate X Fund (XJAM:XFUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sagicor Real Estate X Fund Ltd (XJAM:XFUND) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

28-48 Barbados Avenue, Kingston, 5, Jamaica, JAM

Website

https://www.sagicor.com

Sagicor Real Estate X Fund Ltd specializes in real estate investments. The Company's main business activity is to invest in hotel and commercial real estate activities. The Group is organized into two primary business segments: (a) Hotel operations direct ownership and operation of hotels. (b) Indirect hotel operations and commercial indirect investment in real estate via the Sagicor Sigma Global Funds and Jamziv. The wind-up of Jamziv was completed in 2022. (c) Other - comprises other investment assets and other liabilities.

Sagicor Real Estate X Fund (XJAM:XFUND) Headlines

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