SK REIT Co (XKRX:395400) Interest Coverage : 1.12 (As of Jun. 2024)

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What is SK REIT Co 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. SK REIT Co's Operating Income for the six months ended in Jun. 2024 was ₩34,451 Mil. SK REIT Co's Interest Expense for the six months ended in Jun. 2024 was ₩-30,722 Mil. SK REIT Co's interest coverage for the quarter that ended in Jun. 2024 was 1.12. 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. SK REIT Co Ltd interest coverage is 1.12, which is low.

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

XKRX:395400' s Interest Coverage Range Over the Past 10 Years
Min: 1.04 Med: 1.16 Max: No Debt
Current: 1.12

XKRX:395400's Interest Coverage is ranked worse than
85.43% of 714 companies
in the REITs industry
Industry Median: 2.86 vs XKRX:395400: 1.12

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

SK REIT Co Interest Coverage Historical Data

The historical data trend for SK REIT Co'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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SK REIT Co Interest Coverage Chart

SK REIT Co Annual Data

Trend

Jun21

Mar22

Mar23

Mar24

Mar25

Interest Coverage

No Debt

2.44

1.16

1.04

SK REIT Co Semi-Annual Data
	Jun21	Jun22	Jun23	Jun24
Interest Coverage	No Debt	2.35	1.15	1.12

Competitive Comparison of SK REIT Co's Interest Coverage

For the REIT - Office subindustry, SK REIT Co'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.

SK REIT Co's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where SK REIT Co's Interest Coverage falls into.

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SK REIT Co 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.

SK REIT Co's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, SK REIT Co's Interest Expense was ₩-34,757 Mil. Its Operating Income was ₩36,201 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩2,052,097 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	36201.449	/	-34756.905
	=	1.04

SK REIT Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, SK REIT Co's Interest Expense was ₩-30,722 Mil. Its Operating Income was ₩34,451 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩1,062,808 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	34450.972	/	-30721.898
	=	1.12

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

SK REIT Co (XKRX:395400) 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 .

SK REIT Co Interest Coverage Related Terms

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

SK REIT Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SK REIT Co Ltd (XKRX:395400) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Sejong-daero, 15th Floor, Taepyeong-ro 1-ga, Finance Building, Jung-gu, Seoul, KOR

Website

http://www.skreit.co.kr

SK REIT Co Ltd operates as a Real Estate Investment Trust. Its assets investment comprises of SK Seorin Building which is an integrated office building and SK gas station assets comprising its land and building.

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