What is Accelerate Property Fund Financial Strength?
Accelerate Property Fund has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Accelerate Property Fund Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Accelerate Property Fund's Interest Coverage for the quarter that ended in Sep. 2023 was 0.71.
Accelerate Property Fund's debt to revenue ratio for the quarter that ended in Sep. 2023 was 5.32.
As of today, Accelerate Property Fund's Altman Z-Score is -0.09.
Competitive Comparison of Accelerate Property Fund's Financial Strength
For the REIT - Retail subindustry, Accelerate Property Fund's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Accelerate Property Fund's Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Accelerate Property Fund's Financial Strength distribution charts can be found below:
* The bar in red indicates where Accelerate Property Fund's Financial Strength falls into.
Accelerate Property Fund Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Accelerate Property Fund's Interest Expense for the
months ended in Sep. 2023 was R-232.7 Mil. Its Operating Income for the
months ended in Sep. 2023 was R165.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,496.7 Mil.
Accelerate Property Fund's Interest Coverage for the quarter that ended in Sep. 2023 is
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. Accelerate Property Fund Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
2. Debt to revenue ratio. The lower, the better.
Accelerate Property Fund's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Accelerate Property Fund has a Z-score of -0.09, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -0.09 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Accelerate Property Fund (JSE:APF) Business Description
Traded in Other Exchanges
N/A
Address
1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through four operating segments. Office segment, which acquires, develops and leases offices. The industrial segment acquires, develops and leases warehouses and factories. The retail segment acquires, develops and leases shopping malls, community centres as well as retail centres. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria and Slovakia, out of which the majority of its revenue is generated from South Africa.
Accelerate Property Fund (JSE:APF) Headlines
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