Sankei Real Estate (TSE:2972) Interest Coverage : 9.59 (As of Aug. 2023)

Sankei Real Estate Interest Coverage Chart

Sankei Real Estate Semi-Annual Data
	Apr19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Coverage	Get a 7-Day Free Trial					17.45	16.15	10.84	9.59	8.63

Competitive Comparison of Sankei Real Estate's Interest Coverage

For the REIT - Office subindustry, Sankei Real Estate'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.

Sankei Real Estate's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where Sankei Real Estate's Interest Coverage falls into.

Sankei Real Estate 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Sankei Real Estate's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Sankei Real Estate's Interest Expense was 円-254 Mil. Its Operating Income was 円2,578 Mil. And its Long-Term Debt & Capital Lease Obligation was 円41,000 Mil.

Sankei Real Estate's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the six months ended in Aug. 2023, Sankei Real Estate's Interest Expense was 円-139 Mil. Its Operating Income was 円1,335 Mil. And its Long-Term Debt & Capital Lease Obligation was 円41,000 Mil.

* 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.

Sankei Real Estate  (TSE:2972) 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 .

Sankei Real Estate Interest Coverage Related Terms

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Sankei Real Estate (TSE:2972) Business Description