IGB Commercial REIT (XKLS:5299) Interest Coverage : 3.26 (As of Mar. 2025)

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What is IGB Commercial REIT 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. IGB Commercial REIT's Operating Income for the three months ended in Mar. 2025 was RM33.6 Mil. IGB Commercial REIT's Interest Expense for the three months ended in Mar. 2025 was RM-10.3 Mil. IGB Commercial REIT's interest coverage for the quarter that ended in Mar. 2025 was 3.26. 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. IGB Commercial REIT interest coverage is 2.69, which is low.

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

XKLS:5299' s Interest Coverage Range Over the Past 10 Years
Min: 2.39 Med: 3.17 Max: 4.08
Current: 2.69

XKLS:5299's Interest Coverage is ranked worse than
51.9% of 711 companies
in the REITs industry
Industry Median: 2.84 vs XKLS:5299: 2.69

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

IGB Commercial REIT Interest Coverage Historical Data

The historical data trend for IGB Commercial REIT'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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IGB Commercial REIT Interest Coverage Chart

IGB Commercial REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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3.74

N/A

2.68

2.39

2.52

IGB Commercial REIT Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial											2.54	2.61	2.56	2.35	3.26

Competitive Comparison of IGB Commercial REIT's Interest Coverage

For the REIT - Office subindustry, IGB Commercial REIT'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.

IGB Commercial REIT's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where IGB Commercial REIT's Interest Coverage falls into.

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IGB Commercial REIT 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.

IGB Commercial REIT's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, IGB Commercial REIT's Interest Expense was RM-44.8 Mil. Its Operating Income was RM112.8 Mil. And its Long-Term Debt & Capital Lease Obligation was RM849.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	112.75	/	-44.764
	=	2.52

IGB Commercial REIT's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, IGB Commercial REIT's Interest Expense was RM-10.3 Mil. Its Operating Income was RM33.6 Mil. And its Long-Term Debt & Capital Lease Obligation was RM849.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	33.64	/	-10.325
	=	3.26

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

IGB Commercial REIT (XKLS:5299) 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 .

IGB Commercial REIT Interest Coverage Related Terms

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

IGB Commercial REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » IGB Commercial REIT (XKLS:5299) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingkaran Syed Putra, Level 32, The Gardens South Tower, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.igbcomreit.com

IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, while maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, GTower, and other properties.

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