Centuria Capital Group (ASX:CNI) Interest Coverage : 1.95 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Centuria Capital Group 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. Centuria Capital Group's Operating Income for the six months ended in Dec. 2023 was A$36.0 Mil. Centuria Capital Group's Interest Expense for the six months ended in Dec. 2023 was A$-18.5 Mil. Centuria Capital Group's interest coverage for the quarter that ended in Dec. 2023 was 1.95. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Centuria Capital Group's Interest Coverage or its related term are showing as below:

ASX:CNI' s Interest Coverage Range Over the Past 10 Years
Min: 0.62 Med: 2.05 Max: 3.74
Current: 2.3

ASX:CNI's Interest Coverage is ranked worse than
62.87% of 676 companies
in the REITs industry
Industry Median: 2.98 vs ASX:CNI: 2.30

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

Centuria Capital Group Interest Coverage Historical Data

The historical data trend for Centuria Capital Group'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.

Centuria Capital Group Interest Coverage Chart

Centuria Capital Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

Get a 7-Day Free Trial

0.62

0.91

2.73

3.74

2.86

Centuria Capital Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															3.19	4.19	3.11	2.64	1.95

Competitive Comparison of Centuria Capital Group's Interest Coverage

For the REIT - Diversified subindustry, Centuria Capital Group'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.

Centuria Capital Group's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Centuria Capital Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Centuria Capital Group's Interest Coverage falls into.

Centuria Capital Group 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.

Centuria Capital Group's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Centuria Capital Group's Interest Expense was A$-36.9 Mil. Its Operating Income was A$105.7 Mil. And its Long-Term Debt & Capital Lease Obligation was A$410.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	105.686	/	-36.925
	=	2.86

Centuria Capital Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Centuria Capital Group's Interest Expense was A$-18.5 Mil. Its Operating Income was A$36.0 Mil. And its Long-Term Debt & Capital Lease Obligation was A$437.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.04	/	-18.466
	=	1.95

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

Centuria Capital Group (ASX:CNI) 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 .

Centuria Capital Group Interest Coverage Related Terms

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

Centuria Capital Group (ASX:CNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centuria Capital Group (ASX:CNI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.centuria.com.au

Centuria Capital Group runs retail, wholesale, and institutional property investments. Assets are roughly one third each in office, industrial, and another third in retail, healthcare, agricultural property, and real estate finance. About one third of FUM is in listed REITs, a third in unlisted wholesale funds, and nearly another third in unlisted retail funds and a small amount in institutional vehicles. The group's AUD 21 billion in FUM grew rapidly from less than AUD 5 billion in FUM in 2018. Acquisitions of Augusta Capital, 360 Capital, PrimeWest, and others supercharged FUM growth. Centuria's main revenue sources are management fees on its funds, development profits, and rental income from co-investments in its funds. Centuria is the largest securityholder in its listed REITs.