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Thai Beverage (Thai Beverage) Interest Coverage : 5.60 (As of Mar. 2023)


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What is Thai Beverage 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. Thai Beverage's Operating Income for the three months ended in Mar. 2023 was $266 Mil. Thai Beverage's Interest Expense for the three months ended in Mar. 2023 was $-48 Mil. Thai Beverage's interest coverage for the quarter that ended in Mar. 2023 was 5.60. The higher the ratio, the stronger the company's financial strength is.

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

TBVPF' s Interest Coverage Range Over the Past 10 Years
Min: 4.43   Med: 5.79   Max: 27.63
Current: 5.6


TBVPF's Interest Coverage is ranked worse than
67.92% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 8.86 vs TBVPF: 5.60

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


Thai Beverage Interest Coverage Historical Data

The historical data trend for Thai Beverage'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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Thai Beverage Interest Coverage Chart

Thai Beverage Annual Data
Trend Dec13 Dec14 Dec15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.43 4.91 4.95 6.20 5.38

Thai Beverage Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 5.88 N/A 5.60 N/A

Competitive Comparison of Thai Beverage's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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.


Thai Beverage's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Thai Beverage's Interest Coverage falls into.



Thai Beverage 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.

Thai Beverage's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Thai Beverage's Interest Expense was $-187 Mil. Its Operating Income was $1,010 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,050 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2023 )/Interest Expense (A: Sep. 2023 )
=-1*1009.608/-187.486
=5.38

Thai Beverage's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, Thai Beverage's Interest Expense was $-48 Mil. Its Operating Income was $266 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,305 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*266.057/-47.5
=5.60

* 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.


Thai Beverage  (OTCPK:TBVPF) 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 .


Thai Beverage Interest Coverage Related Terms

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


Thai Beverage (Thai Beverage) Business Description

Traded in Other Exchanges
Address
14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District, Bangkok, THA, 10900
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segment includes Spirits; Beer; Non-alcoholic beverages and Food. It generates maximum revenue from the Beer segment. The Spirits segment is engaged in the production and sales of branded spirits products and soda. Its Beer segment is engaged in the production and sales of raw materials and branded beer products. Geographically, it derives a majority of its revenue from Thailand and also has a presence in the Socialist Republic of Vietnam and Overseas.

Thai Beverage (Thai Beverage) Headlines

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