United Urban Investment (TSE:8960) Interest Coverage : 11.35 (As of May. 2023)

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What is United Urban Investment 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. United Urban Investment's Operating Income for the six months ended in May. 2023 was 円10,903 Mil. United Urban Investment's Interest Expense for the six months ended in May. 2023 was 円-960 Mil. United Urban Investment's interest coverage for the quarter that ended in May. 2023 was 11.35. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for United Urban Investment's Interest Coverage or its related term are showing as below:

TSE:8960' s Interest Coverage Range Over the Past 10 Years
Min: 4.72 Med: 10.27 Max: 12.3
Current: 11.22

TSE:8960's Interest Coverage is ranked better than
78.96% of 670 companies
in the REITs industry
Industry Median: 2.97 vs TSE:8960: 11.22

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

United Urban Investment Interest Coverage Historical Data

The historical data trend for United Urban Investment'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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United Urban Investment Interest Coverage Chart

United Urban Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Interest Coverage

Get a 7-Day Free Trial

12.08

12.30

10.67

10.17

11.17

United Urban Investment Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Interest Coverage	Get a 7-Day Free Trial															11.53	8.81	11.25	11.09	11.35

Competitive Comparison of United Urban Investment's Interest Coverage

For the REIT - Diversified subindustry, United Urban Investment'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.

United Urban Investment's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where United Urban Investment's Interest Coverage falls into.

United Urban Investment 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.

United Urban Investment's Interest Coverage for the fiscal year that ended in Nov. 2022 is calculated as

Here, for the fiscal year that ended in Nov. 2022, United Urban Investment's Interest Expense was 円-1,896 Mil. Its Operating Income was 円21,181 Mil. And its Long-Term Debt & Capital Lease Obligation was 円260,403 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Nov. 2022 )	/	Interest Expense (A: Nov. 2022 )
	=	-1	*	21180.677	/	-1896.274
	=	11.17

United Urban Investment's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Here, for the six months ended in May. 2023, United Urban Investment's Interest Expense was 円-960 Mil. Its Operating Income was 円10,903 Mil. And its Long-Term Debt & Capital Lease Obligation was 円277,803 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: May. 2023 )	/	Interest Expense (Q: May. 2023 )
	=	-1	*	10903.299	/	-960.31
	=	11.35

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

United Urban Investment (TSE:8960) 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 .

United Urban Investment Interest Coverage Related Terms

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

United Urban Investment (TSE:8960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » United Urban Investment Corp (TSE:8960) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-1 Toranomon, Minato-ku, Tokyo, JPN, 105-0001

Website

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

United Urban Investment Corp is a real estate investment trust. The company invests in real estates such as retail properties, office buildings, hotels, residential properties and others. The company's primary objective is to secure steady earnings over the medium to long term through investment in varied both in types of use and geographical location. The company invests in real estates located in the Tokyo metropolitan area and other cities in Japan including government-designated cities, and surrounding areas thereof.

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