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CapitaLand Integrated Commercial Trust (SGX:C38U) Interest Coverage : 2.63 (As of Dec. 2023)


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What is CapitaLand Integrated Commercial 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. CapitaLand Integrated Commercial Trust's Operating Income for the six months ended in Dec. 2023 was S$514 Mil. CapitaLand Integrated Commercial Trust's Interest Expense for the six months ended in Dec. 2023 was S$-195 Mil. CapitaLand Integrated Commercial Trust's interest coverage for the quarter that ended in Dec. 2023 was 2.63. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CapitaLand Integrated Commercial Trust interest coverage is 3.04, which is low.

The historical rank and industry rank for CapitaLand Integrated Commercial Trust's Interest Coverage or its related term are showing as below:

SGX:C38U' s Interest Coverage Range Over the Past 10 Years
Min: 3.04   Med: 4.16   Max: 4.74
Current: 3.04


SGX:C38U's Interest Coverage is ranked better than
50.74% of 676 companies
in the REITs industry
Industry Median: 2.98 vs SGX:C38U: 3.04

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


CapitaLand Integrated Commercial Trust Interest Coverage Historical Data

The historical data trend for CapitaLand Integrated Commercial 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.

CapitaLand Integrated Commercial Trust Interest Coverage Chart

CapitaLand Integrated Commercial Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.35 3.52 4.74 4.05 3.04

CapitaLand Integrated Commercial 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 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 5.39 4.67 3.61 3.58 2.63

Competitive Comparison of CapitaLand Integrated Commercial Trust's Interest Coverage

For the REIT - Retail subindustry, CapitaLand Integrated Commercial 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.


CapitaLand Integrated Commercial Trust's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Integrated Commercial Trust's Interest Coverage falls into.



CapitaLand Integrated Commercial 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.

CapitaLand Integrated Commercial 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, CapitaLand Integrated Commercial Trust's Interest Expense was S$-346 Mil. Its Operating Income was S$1,052 Mil. And its Long-Term Debt & Capital Lease Obligation was S$8,500 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1052.017/-345.632
=3.04

CapitaLand Integrated Commercial Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, CapitaLand Integrated Commercial Trust's Interest Expense was S$-195 Mil. Its Operating Income was S$514 Mil. And its Long-Term Debt & Capital Lease Obligation was S$8,500 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*514.03/-195.408
=2.63

* 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.


CapitaLand Integrated Commercial Trust  (SGX:C38U) 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 .


CapitaLand Integrated Commercial Trust Interest Coverage Related Terms

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


CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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