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Swire Properties Interest Coverage

: 17.07 (As of Dec. 2020)
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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. Swire Properties's Operating Income for the six months ended in Dec. 2020 was $511 Mil. Swire Properties's Interest Expense for the six months ended in Dec. 2020 was $-30 Mil. Swire Properties's interest coverage for the quarter that ended in Dec. 2020 was 17.07. The higher the ratio, the stronger the company's financial strength is.

OTCPK:SWPFF' s Interest Coverage Range Over the Past 10 Years
Min: 5.34   Med: 8.71   Max: 15.72
Current: 15.72

5.34
15.72

OTCPK:SWPFF's Interest Coverage is ranked higher than
74% of the 1328 Companies
in the Real Estate industry.

( Industry Median: 4.88 vs. OTCPK:SWPFF: 15.72 )

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


Swire Properties Interest Coverage Historical Data

* 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.

* Premium members only.

Swire Properties Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.16 11.39 9.71 11.69 15.72

Swire Properties Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
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 10.53 12.35 11.00 14.60 17.07

Competitive Comparison
* 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.


Swire Properties Interest Coverage Distribution

* The bar in red indicates where Swire Properties's Interest Coverage falls into.



Swire Properties 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.


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

Swire Properties's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Swire Properties's Interest Expense was $-66 Mil. Its Operating Income was $1,042 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,335 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*1042.0671061288/-66.306324900992
=15.72

Swire Properties's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Here, for the six months ended in Dec. 2020, Swire Properties's Interest Expense was $-30 Mil. Its Operating Income was $511 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,335 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2020 )/Interest Expense (Q: Dec. 2020 )
=-1*510.84250312827/-29.928146647919
=17.07

* 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.


Swire Properties  (OTCPK:SWPFF) 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 .


Swire Properties Interest Coverage Related Terms


Swire Properties Interest Coverage Headlines

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