KDX Realty Investment (TSE:8972) Interest Coverage : 10.72 (As of Apr. 2023)

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What is KDX Realty 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. KDX Realty Investment's Operating Income for the six months ended in Apr. 2023 was 円8,158 Mil. KDX Realty Investment's Interest Expense for the six months ended in Apr. 2023 was 円-761 Mil. KDX Realty Investment's interest coverage for the quarter that ended in Apr. 2023 was 10.72. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8972' s Interest Coverage Range Over the Past 10 Years
Min: 4.12 Med: 7.37 Max: 10.16
Current: 10.16

TSE:8972's Interest Coverage is ranked better than
77.28% of 669 companies
in the REITs industry
Industry Median: 2.95 vs TSE:8972: 10.16

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

KDX Realty Investment Interest Coverage Historical Data

The historical data trend for KDX Realty 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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KDX Realty Investment Interest Coverage Chart

KDX Realty Investment Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Interest Coverage

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8.16

8.37

9.33

9.17

9.70

KDX Realty Investment Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Interest Coverage	Get a 7-Day Free Trial															9.87	8.46	9.80	9.60	10.72

Competitive Comparison of KDX Realty Investment's Interest Coverage

For the REIT - Diversified subindustry, KDX Realty 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.

KDX Realty Investment's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where KDX Realty Investment's Interest Coverage falls into.

KDX Realty 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.

KDX Realty Investment's Interest Coverage for the fiscal year that ended in Oct. 2022 is calculated as

Here, for the fiscal year that ended in Oct. 2022, KDX Realty Investment's Interest Expense was 円-1,526 Mil. Its Operating Income was 円14,807 Mil. And its Long-Term Debt & Capital Lease Obligation was 円200,350 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Oct. 2022 )	/	Interest Expense (A: Oct. 2022 )
	=	-1	*	14807.251	/	-1526.468
	=	9.70

KDX Realty Investment's Interest Coverage for the quarter that ended in Apr. 2023 is calculated as

Here, for the six months ended in Apr. 2023, KDX Realty Investment's Interest Expense was 円-761 Mil. Its Operating Income was 円8,158 Mil. And its Long-Term Debt & Capital Lease Obligation was 円192,950 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2023 )	/	Interest Expense (Q: Apr. 2023 )
	=	-1	*	8157.867	/	-760.729
	=	10.72

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

KDX Realty Investment (TSE:8972) 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 .

KDX Realty Investment Interest Coverage Related Terms

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

KDX Realty Investment (TSE:8972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » KDX Realty Investment Corp (TSE:8972) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004

Website

http://www.kdx-reit.com

KDX Realty Investment Corp is a Japan-based real estate investment trust. It is engaged in the business of investing in office and residential buildings. The company has around 100 properties, which include Mid-sized Office Buildings and other office building, central urban properties, residential properties, and others. The company owns properties in 5 Central wards of Tokyo, Tokyo Metropolitan area, and other regional areas.

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