Champion Real Estate Investment Trust (Champion Real Estate Investment Trust) Interest Coverage : 2.47 (As of Dec. 2023)

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What is Champion 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. Champion Real Estate Investment Trust's Operating Income for the six months ended in Dec. 2023 was $105.7 Mil. Champion Real Estate Investment Trust's Interest Expense for the six months ended in Dec. 2023 was $-42.8 Mil. Champion Real Estate Investment Trust's interest coverage for the quarter that ended in Dec. 2023 was 2.47. The higher the ratio, the stronger the company's financial strength is.

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

CMPNF' s Interest Coverage Range Over the Past 10 Years
Min: 2.75 Med: 4.58 Max: 5.42
Current: 2.75

CMPNF's Interest Coverage is ranked worse than
54.59% of 676 companies
in the REITs industry
Industry Median: 2.98 vs CMPNF: 2.75

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

Champion Real Estate Investment Trust Interest Coverage Historical Data

The historical data trend for Champion 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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Champion Real Estate Investment Trust Interest Coverage Chart

Champion Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.46

4.34

4.31

3.89

2.75

Champion Real Estate Investment Trust 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															4.27	4.54	3.37	3.09	2.47

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

For the REIT - Retail subindustry, Champion 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.

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

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

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

Champion 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.

Champion 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, Champion Real Estate Investment Trust's Interest Expense was $-78.5 Mil. Its Operating Income was $216.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,197.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	216.121	/	-78.513
	=	2.75

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

Here, for the six months ended in Dec. 2023, Champion Real Estate Investment Trust's Interest Expense was $-42.8 Mil. Its Operating Income was $105.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,197.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	105.684	/	-42.773
	=	2.47

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

Champion Real Estate Investment Trust (OTCPK:CMPNF) 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 .

Champion Real Estate Investment Trust Interest Coverage Related Terms

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

Champion Real Estate Investment Trust (Champion Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Champion Real Estate Investment Trust (OTCPK:CMPNF) » Definitions » Interest Coverage

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02778:Hong Kong

Address

Great Eagle Centre, 23 Harbour Road, Suite 3008, 30th Floor, Wanchai, Hong Kong, HKG

Website

https://www.championreit.com

Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mong Kok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.