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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. Farmer Bros Co's Operating Income for the three months ended in Dec. 2023 was $-1.7 Mil. Farmer Bros Co's Interest Expense for the three months ended in Dec. 2023 was $-1.9 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Farmer Bros Co's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Farmer Bros Co'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.
Farmer Bros Co Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Farmer Bros Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Packaged Foods subindustry, Farmer Bros Co'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Farmer Bros Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Farmer Bros Co's Interest Coverage falls into.
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.
Farmer Bros Co's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as
Here, for the fiscal year that ended in Jun. 2023, Farmer Bros Co's Interest Expense was $-9.2 Mil. Its Operating Income was $-26.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $40.4 Mil.
Farmer Bros Co did not have earnings to cover the interest expense. |
Farmer Bros Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Farmer Bros Co's Interest Expense was $-1.9 Mil. Its Operating Income was $-1.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $40.8 Mil.
Farmer Bros Co did not have earnings to cover the interest expense. |
* 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.
Farmer Bros Co (NAS:FARM) 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 .
Thank you for viewing the detailed overview of Farmer Bros Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
David Pace | director | |
Brad Bollner | officer: Interim CFO | 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262 |
Bradley Louis Radoff | director | 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098 |
Thomas E. Bauer | officer: Vice President, Head of DSD | 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262 |
Moore John E. Iii | officer: Vice President, Head of Coffee | 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262 |
Moragne Maurice S.j. | officer: Chief Sales Officer | 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262 |
Family Foundation Radoff | other: See Footnote 1 | 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098 |
Todd E Diener | other: See Footnote 1 | |
Jcp Investment Management, Llc | other: See Footnote 1 | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Jcp Investment Partnership, Lp | other: See Footnote 1 | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Jcp Investment Partners, Lp | other: See Footnote 1 | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Jcp Investment Holdings, Llc | other: See Footnote 1 | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
James C Pappas | other: See Footnote 1 | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
22nw Gp, Inc. | 10 percent owner | 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107 |
22nw Fund, Lp | 10 percent owner | 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107 |
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