Sunway Real Estate Investment Trust (XKLS:5176) Interest Coverage : 3.14 (As of Mar. 2024)

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What is Sunway 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. Sunway Real Estate Investment Trust's Operating Income for the three months ended in Mar. 2024 was RM118.3 Mil. Sunway Real Estate Investment Trust's Interest Expense for the three months ended in Mar. 2024 was RM-37.6 Mil. Sunway Real Estate Investment Trust's interest coverage for the quarter that ended in Mar. 2024 was 3.14. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sunway Real Estate Investment Trust interest coverage is 3.33, which is low.

The historical rank and industry rank for Sunway Real Estate Investment Trust's Interest Coverage or its related term are showing as below:

XKLS:5176' s Interest Coverage Range Over the Past 10 Years
Min: 3.33 Med: 4.06 Max: 4.78
Current: 3.33

XKLS:5176's Interest Coverage is ranked better than
56.42% of 670 companies
in the REITs industry
Industry Median: 2.945 vs XKLS:5176: 3.33

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

Sunway Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Sunway 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.

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Sunway Real Estate Investment Trust Interest Coverage Chart

Sunway Real Estate Investment Trust Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

Interest Coverage

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3.70

3.50

3.33

4.68

3.53

Sunway Real Estate Investment Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															3.96	3.08	3.62	3.48	3.14

Competitive Comparison of Sunway Real Estate Investment Trust's Interest Coverage

For the REIT - Retail subindustry, Sunway 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.

Sunway Real Estate Investment Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Sunway Real Estate Investment Trust's Interest Coverage falls into.

Sunway 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.

Sunway Real Estate Investment Trust'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, Sunway Real Estate Investment Trust's Interest Expense was RM-135.7 Mil. Its Operating Income was RM478.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2,000.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	478.85	/	-135.726
	=	3.53

Sunway Real Estate Investment Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Sunway Real Estate Investment Trust's Interest Expense was RM-37.6 Mil. Its Operating Income was RM118.3 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2,580.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	118.28	/	-37.632
	=	3.14

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

Sunway Real Estate Investment Trust (XKLS:5176) 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 .

Sunway Real Estate Investment Trust Interest Coverage Related Terms

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

Sunway Real Estate Investment Trust (XKLS:5176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sunway Real Estate Investment Trust (XKLS:5176) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Lagoon Timur, Level 15, Menara Sunway, Bandar Sunway, Subang Jaya, SGR, MYS, 47500

Website

https://www.sunwayreit.com

Sunway Real Estate Investment Trust provides unitholders with a diversified portfolio of retail, hospitality, office, and other real estate assets. Sunway REIT divides its property type into four categories: retail, hotel, office, and others. The retail properties, which include shopping malls and hypermarkets, generate the most revenue for the company. The retail properties' tenants include department stores, supermarkets, cinemas, entertainment centers, fashion stores, convention centers, and others. The investment trust focuses on retail and mixed-use assets in cities and townships in Malaysia.

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