CapitaLand Ascendas REIT (SGX:A17U) Interest Coverage : 3.48 (As of Dec. 2023)

CapitaLand Ascendas REIT Interest Coverage Chart

CapitaLand Ascendas REIT Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Dec20	Dec21	Dec22	Dec23
Interest Coverage		Get a 7-Day Free Trial					4.78	4.36	5.12	4.76	3.68

CapitaLand Ascendas REIT Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															4.76	5.26	4.22	3.86	3.48

Competitive Comparison of CapitaLand Ascendas REIT's Interest Coverage

For the REIT - Industrial subindustry, CapitaLand Ascendas 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.

CapitaLand Ascendas REIT's Interest Coverage Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascendas REIT's Interest Coverage falls into.

CapitaLand Ascendas 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

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.

CapitaLand Ascendas REIT's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, CapitaLand Ascendas REIT's Interest Expense was S$-250 Mil. Its Operating Income was S$920 Mil. And its Long-Term Debt & Capital Lease Obligation was S$6,074 Mil.

CapitaLand Ascendas REIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, CapitaLand Ascendas REIT's Interest Expense was S$-133 Mil. Its Operating Income was S$463 Mil. And its Long-Term Debt & Capital Lease Obligation was S$6,074 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.

CapitaLand Ascendas REIT  (SGX:A17U) 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 .

CapitaLand Ascendas REIT Interest Coverage Related Terms

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CapitaLand Ascendas REIT (SGX:A17U) Business Description