What is IMPACT Growth Real Estate Investment Trust Financial Strength?
IMPACT Growth Real Estate Investment Trust 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.
IMPACT Growth Real Estate Investment Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 4.17.
IMPACT Growth Real Estate Investment Trust's debt to revenue ratio for the quarter that ended in Mar. 2024 was 2.90.
As of today, IMPACT Growth Real Estate Investment Trust's Altman Z-Score is 2.30.
Competitive Comparison of IMPACT Growth Real Estate Investment Trust's Financial Strength
For the REIT - Specialty subindustry, IMPACT Growth Real Estate Investment Trust'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.
IMPACT Growth Real Estate Investment Trust's Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, IMPACT Growth Real Estate Investment Trust's Financial Strength distribution charts can be found below:
* The bar in red indicates where IMPACT Growth Real Estate Investment Trust's Financial Strength falls into.
IMPACT Growth Real Estate Investment Trust 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:
IMPACT Growth Real Estate Investment Trust's Interest Expense for the
months ended in Mar. 2024 was ฿-35 Mil. Its Operating Income for the
months ended in Mar. 2024 was ฿147 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0 Mil.
IMPACT Growth Real Estate Investment Trust's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
IMPACT Growth Real Estate Investment Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
IMPACT Growth Real Estate Investment Trust has a Z-score of 2.30, indicating it is in Grey Zones. This implies that IMPACT Growth Real Estate Investment Trust is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) Business Description
Traded in Other Exchanges
N/A
Address
New Geneva Industry Condominium Popular Road 3, No. 47/569-576 Moo 3, Floor 10, Banmai Subdistrict,Pakkred District, Nonthaburi, THA, 11120
IMPACT Growth Real Estate Investment Trust is a real estate investment trust that owns, operates, and manages facilities and utility systems that make up the Impact Muang Thong Thani complex in Thailand. The Impact Muang Thong Thani is an exhibition and convention center venue in Asia. Collectively, it contains the Impact Arena, Impact Exhibition Center, and Impact Forum. Impact Growth REIT's properties host a variety of tenants, including public sector, private sector, and international private-sector entities. The real estate investment trust derives the vast majority of its revenue from renting out the massive venue to clients hosting events. The remainder of its income comes from media fees, long-term rentals, and parking income from the convention center.
IMPACT Growth Real Estate Investment Trust (BKK:IMPACT) Headlines
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