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Link Real Estate Investment Trust (HKSE:00823) Interest Coverage

: 3.82 (As of Sep. 2023)
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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. Link Real Estate Investment Trust's Operating Income for the six months ended in Sep. 2023 was HK$4,680 Mil. Link Real Estate Investment Trust's Interest Expense for the six months ended in Sep. 2023 was HK$-1,224 Mil. Link Real Estate Investment Trust's interest coverage for the quarter that ended in Sep. 2023 was 3.82. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:00823' s Interest Coverage Range Over the Past 10 Years
Min: 4.03   Med: 15.27   Max: 18.33
Current: 4.03


HKSE:00823's Interest Coverage is ranked better than
62.48% of 677 companies
in the REITs industry
Industry Median: 3.01 vs HKSE:00823: 4.03

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


Link Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Link 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.

* Premium members only.

Link Real Estate Investment Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.71 8.82 9.26 8.87 5.31

Link Real Estate Investment Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.71 8.15 7.02 4.28 3.82

Competitive Comparison

For the REIT - Retail subindustry, Link 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.


Link Real Estate Investment Trust Interest Coverage Distribution

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

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



Link 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.

Link Real Estate Investment Trust's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Link Real Estate Investment Trust's Interest Expense was HK$-1,609 Mil. Its Operating Income was HK$8,545 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$60,780 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*8545/-1609
=5.31

Link Real Estate Investment Trust's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Link Real Estate Investment Trust's Interest Expense was HK$-1,224 Mil. Its Operating Income was HK$4,680 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$52,655 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*4680/-1224
=3.82

* 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.

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


Link Real Estate Investment Trust  (HKSE:00823) 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 .


Link Real Estate Investment Trust Interest Coverage Related Terms

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


Link Real Estate Investment Trust (HKSE:00823) Business Description

Traded in Other Exchanges
Address
77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG
Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and about 60,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions and has since acquired retail and office properties in China, as well as an office development project in Hong Kong. More recently, Link expanded its footprint to Sydney, Melbourne, London, and Singapore.

Link Real Estate Investment Trust (HKSE:00823) Headlines

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