Bridgford Foods (Bridgford Foods) Interest Coverage

: 5.91 (As of Jan. 2024)

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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. Bridgford Foods's Operating Income for the three months ended in Jan. 2024 was $1.0 Mil. Bridgford Foods's Interest Expense for the three months ended in Jan. 2024 was $-0.2 Mil. Bridgford Foods's interest coverage for the quarter that ended in Jan. 2024 was 5.91. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Bridgford Foods's Interest Coverage or its related term are showing as below:

BRID' s Interest Coverage Range Over the Past 10 Years
Min: 5.99 Med: 23.4 Max: No Debt
Current: 5.99

BRID's Interest Coverage is ranked worse than
56.84% of 1374 companies
in the Consumer Packaged Goods industry
Industry Median: 8.41 vs BRID: 5.99

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

Bridgford Foods Interest Coverage Historical Data

The historical data trend for Bridgford Foods'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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Bridgford Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Coverage

N/A

23.40

6.17

8.27

Bridgford Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage																10.18	5.16	7.04	N/A	5.91

Competitive Comparison

For the Packaged Foods subindustry, Bridgford Foods'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.

Bridgford Foods Interest Coverage Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bridgford Foods's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bridgford Foods's Interest Coverage falls into.

Bridgford Foods 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.

Bridgford Foods's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, Bridgford Foods's Interest Expense was $-0.6 Mil. Its Operating Income was $4.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Oct. 2023 )	/	Interest Expense (A: Oct. 2023 )
	=	-1	*	4.79	/	-0.579
	=	8.27

Bridgford Foods's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Bridgford Foods's Interest Expense was $-0.2 Mil. Its Operating Income was $1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	1.011	/	-0.171
	=	5.91

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

Bridgford Foods (NAS:BRID) 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 .

Bridgford Foods Interest Coverage Related Terms

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

Bridgford Foods (Bridgford Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bridgford Foods Corp (NAS:BRID) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1707 South Good-Latimer Expressway, Dallas, TX, USA, 75226

Website

https://www.bridgford.com

Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.

Executives

Richard Eugene Bridgford	other: VP, Ind. Relations & Safety	170 N GREEN ST, CHICAGO IL 60607
Brian E. Bridgford	other: V.P. Production	170 N. GREEN STREET, CHICAGO IL 60661
Juan Luis Silva	other: V.P. Plant Superintendent	3414 STONE CREEK DR, JOLIET IL 60435
Allan Jr. Bridgford	director	515 MARGUERITE AVENUE, CORONA DEL MAR CA 92625
Dennis Gregory Scott	director	9595 WILSHIRE BLVD., SUITE 710, BEVERLY HILLS CA 90212
Baron Bridgford	other: President, BFI.	P.O. BOX 3773, ANAHEIM CA 92803
Christopher William Cole	other: Senior Vice President	1415 W. 44TH STREET, CHICAGO IL 60609
Bridgford Baron R.h. Ii	officer: President	1415 W. 44TH STREET, CHICAGO IL 60609
Cindy Matthews-morales	officer: CFO, Secretary	1308 N. PATT STREET, ANAHEIM CA 92801
Michael W. Bridgford	officer: Chairman of the Board	1308 N. PATT STREET, ANAHEIM CA 92801
Mary S Schott	director	2990 AIRWAY AVENUE, BUILDING A, COSTA MESA CA 92626
Debra Aileen Dealcuaz	other: Treasurer, Bridgford Indust.	6432 CONNIE LANE, ROCKWALL TX 75032
Bruce Bridgford	director	P.O. BOX 3773, ANAHEIM CA 92803
William L Bridgford	director, officer: Chairman	P.O. BOX 3773, ANAHEIM CA 92803
Raymond F. Lancy	director, officer: CFO, TREAS, ASST SEC	1308 N. PATT ST.,, ANAHEIM CA 92801