Nippon Prologis REIT (FRA:9NPA) Interest Coverage : 14.61 (As of Nov. 2023)

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What is Nippon Prologis REIT 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. Nippon Prologis REIT's Operating Income for the six months ended in Nov. 2023 was €83.7 Mil. Nippon Prologis REIT's Interest Expense for the six months ended in Nov. 2023 was €-5.7 Mil. Nippon Prologis REIT's interest coverage for the quarter that ended in Nov. 2023 was 14.61. The higher the ratio, the stronger the company's financial strength is.

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

FRA:9NPA' s Interest Coverage Range Over the Past 10 Years
Min: 7.4 Med: 16.36 Max: 19.8
Current: 14.92

FRA:9NPA's Interest Coverage is ranked better than
82.86% of 665 companies
in the REITs industry
Industry Median: 2.94 vs FRA:9NPA: 14.92

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

Nippon Prologis REIT Interest Coverage Historical Data

The historical data trend for Nippon Prologis REIT'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.

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Nippon Prologis REIT Interest Coverage Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov23

Interest Coverage

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19.80

19.19

18.66

17.80

14.92

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
Interest Coverage	Get a 7-Day Free Trial															18.36	17.28	15.96	15.28	14.61

Competitive Comparison of Nippon Prologis REIT's Interest Coverage

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.

Nippon Prologis REIT's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Prologis REIT's Interest Coverage falls into.

Nippon Prologis REIT 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.

Nippon Prologis REIT's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Nippon Prologis REIT's Interest Expense was €-10.7 Mil. Its Operating Income was €159.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,863.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Nov. 2023 )	/	Interest Expense (A: Nov. 2023 )
	=	-1	*	159.912	/	-10.715
	=	14.92

Nippon Prologis REIT's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the six months ended in Nov. 2023, Nippon Prologis REIT's Interest Expense was €-5.7 Mil. Its Operating Income was €83.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,863.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	83.695	/	-5.728
	=	14.61

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

Nippon Prologis REIT (FRA:9NPA) 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 .

Nippon Prologis REIT Interest Coverage Related Terms

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

Nippon Prologis REIT (FRA:9NPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (FRA:9NPA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3283:Japan

Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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