C.P. Pokphand Co (C.P. Pokphand Co) Interest Coverage : 8.58 (As of Jun. 2021)

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What is C.P. Pokphand Co 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. C.P. Pokphand Co's Operating Income for the six months ended in Jun. 2021 was $373 Mil. C.P. Pokphand Co's Interest Expense for the six months ended in Jun. 2021 was $-43 Mil. C.P. Pokphand Co's interest coverage for the quarter that ended in Jun. 2021 was 8.58. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for C.P. Pokphand Co's Interest Coverage or its related term are showing as below:

CPKPY' s Interest Coverage Range Over the Past 10 Years
Min: 1.59 Med: 6.5 Max: 12.82
Current: 8.15

CPKPY's Interest Coverage is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 8.395 vs CPKPY: 8.15

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

C.P. Pokphand Co Interest Coverage Historical Data

The historical data trend for C.P. Pokphand 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.

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C.P. Pokphand Co Interest Coverage Chart

C.P. Pokphand Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Coverage

Get a 7-Day Free Trial

12.82

1.59

5.72

3.66

9.16

C.P. Pokphand Co Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Interest Coverage	Get a 7-Day Free Trial															3.33	4.24	10.84	7.83	8.58

Competitive Comparison of C.P. Pokphand Co's Interest Coverage

For the Farm Products subindustry, C.P. Pokphand 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.

C.P. Pokphand Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, C.P. Pokphand Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where C.P. Pokphand Co's Interest Coverage falls into.

C.P. Pokphand Co 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.

C.P. Pokphand Co's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, C.P. Pokphand Co's Interest Expense was $-105 Mil. Its Operating Income was $959 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,272 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2020 )	/	Interest Expense (A: Dec. 2020 )
	=	-1	*	958.832	/	-104.707
	=	9.16

C.P. Pokphand Co's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the six months ended in Jun. 2021, C.P. Pokphand Co's Interest Expense was $-43 Mil. Its Operating Income was $373 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,318 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	372.814	/	-43.459
	=	8.58

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

C.P. Pokphand Co (OTCPK:CPKPY) 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 .

C.P. Pokphand Co Interest Coverage Related Terms

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

C.P. Pokphand Co (C.P. Pokphand Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » C.P. Pokphand Co Ltd (OTCPK:CPKPY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, 21st Floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.cpp.hk

C.P. Pokphand Co Ltd is an investment holding company in Asia that specializes in animal feed, farming, processing, and packaging livestock and aquatic animals. The animal feed is mixed and produced with natural food ingredients and other acids, vitamins, and antibiotics. It can be used to feed ducks, cattle, shrimp, fish, and other animals, and is distributed through an extensive network of dealers. The company has multiple processing plants and cold storage facilities to package and create ready-to-sell products. The food is processed is brought in from its own farms as well as outside farms that have built relationships with C.P. Pokphand. The food products are sold to retailers, wholesalers, fast food operators, convenience stores, and supermarkets.

C.P. Pokphand Co (C.P. Pokphand Co) Headlines

From GuruFocus

C.P. Pokphand Co Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 05-14-2021