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KLCC Property & Holdings Bhd (XKLS:5235SS) Financial Strength : 5 (As of Mar. 2024)


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What is KLCC Property & Holdings Bhd Financial Strength?

KLCC Property & Holdings Bhd has the Financial Strength Rank of 5.

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.

KLCC Property & Holdings Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 9.41. KLCC Property & Holdings Bhd's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.46. As of today, KLCC Property & Holdings Bhd's Altman Z-Score is 3.14.


Competitive Comparison of KLCC Property & Holdings Bhd's Financial Strength

For the REIT - Diversified subindustry, KLCC Property & Holdings Bhd'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.


KLCC Property & Holdings Bhd's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, KLCC Property & Holdings Bhd's Financial Strength distribution charts can be found below:

* The bar in red indicates where KLCC Property & Holdings Bhd's Financial Strength falls into.



KLCC Property & Holdings Bhd 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:

KLCC Property & Holdings Bhd's Interest Expense for the months ended in Mar. 2024 was RM-28 Mil. Its Operating Income for the months ended in Mar. 2024 was RM266 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM1,289 Mil.

KLCC Property & Holdings Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*266.23/-28.293
=9.41

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

KLCC Property & Holdings Bhd's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1096.157 + 1288.897) / 1635.604
=1.46

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.

KLCC Property & Holdings Bhd has a Z-score of 3.14, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.14 is strong.

* 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.


KLCC Property & Holdings Bhd  (XKLS:5235SS) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

KLCC Property & Holdings Bhd has the Financial Strength Rank of 5.


KLCC Property & Holdings Bhd Financial Strength Related Terms

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KLCC Property & Holdings Bhd (XKLS:5235SS) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Sultan Hishamuddin, Levels 33 & 34, Menara Dayabumi, Kuala Lumpur, MYS, 50050
KLCC Property & Holdings Bhd is a real estate investment company engaged in the ownership, management, and redevelopment of office and retail space in Malaysia. Its property portfolio consists of offices, retail, and hotel. Through its subsidiaries, it also provides facility management services and car parking management services. Its segments are Property investment providing office rental of office spaces and other related activities; Property investment providing retail rental of retail spaces and other related activities; Hotel operations providing rental of hotel rooms, the sale of food and beverages and other related activities; and, car park operations, management of a real estate investment trust and general management services.

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