VistaREIT (PHS:VREIT) Interest Coverage : 10,871.10 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is VistaREIT 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. VistaREIT's Operating Income for the three months ended in Sep. 2023 was ₱544 Mil. VistaREIT's Interest Expense for the three months ended in Sep. 2023 was ₱-0 Mil. VistaREIT's interest coverage for the quarter that ended in Sep. 2023 was 10,871.10. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

VistaREIT Inc has no debt.

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

PHS:VREIT' s Interest Coverage Range Over the Past 10 Years
Min: 7833.02 Med: No Debt Max: 17691.65
Current: 7833.02

PHS:VREIT's Interest Coverage is ranked better than
89.64% of 676 companies
in the REITs industry
Industry Median: 2.985 vs PHS:VREIT: 7833.02

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

VistaREIT Interest Coverage Historical Data

The historical data trend for VistaREIT'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.

VistaREIT Interest Coverage Chart

VistaREIT Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

No Debt

17,691.65

VistaREIT Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial						No Debt	381.47	1,367.17	-	10,871.10

Competitive Comparison of VistaREIT's Interest Coverage

For the REIT - Retail subindustry, VistaREIT'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.

VistaREIT's Interest Coverage Distribution in the REITs Industry

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

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

VistaREIT 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.

VistaREIT's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, VistaREIT's Interest Expense was ₱-0 Mil. Its Operating Income was ₱1,610 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	1609.94	/	-0.091
	=	17,691.65

VistaREIT's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, VistaREIT's Interest Expense was ₱-0 Mil. Its Operating Income was ₱544 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	543.555	/	-0.05
	=	10,871.10

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

VistaREIT (PHS:VREIT) 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 .

VistaREIT Interest Coverage Related Terms

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

VistaREIT (PHS:VREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VistaREIT Inc (PHS:VREIT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daang Hari Almanza Dos, Lower Ground Floor, Building B, Evia Lifestyle Center, Las Pinas City, PHL, 1750

Website

https://www.vistareit.com.ph

VistaREIT Inc is a real estate investment trust backed by Vista Land, integrated property developers in the Philippines. It engages in maintaining a diversified portfolio of commercial and office properties. Its objective is to invest on a long-term basis, in a diversified portfolio of income-generating commercial real estate assets strategically located within Vista Land integrated developments. The company aims to maintain high occupancy rates and quality tenants with a particular focus on those offering essential goods and/or services.

VistaREIT (PHS:VREIT) Headlines

No Headlines