ABVE (Above Food Ingredients) Interest Coverage : N/A (As of Jul. 2024)

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What is Above Food Ingredients 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. Above Food Ingredients's Operating Income for the three months ended in Jul. 2024 was $0.0 Mil. Above Food Ingredients's Interest Expense for the three months ended in Jul. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Above Food Ingredients's Interest Coverage or its related term are showing as below:

ABVE's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.335
* Ranked among companies with meaningful Interest Coverage only.

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

Above Food Ingredients Interest Coverage Historical Data

The historical data trend for Above Food Ingredients'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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Above Food Ingredients Interest Coverage Chart

Above Food Ingredients Annual Data

Trend

Jan22

Jan23

Jan24

Interest Coverage

Above Food Ingredients Quarterly Data
	Jan22	Jan23	Oct23	Jan24	Jul24
Interest Coverage	N/A	-	-	-	N/A

Competitive Comparison of Above Food Ingredients's Interest Coverage

For the Packaged Foods subindustry, Above Food Ingredients'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.

Above Food Ingredients's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Above Food Ingredients's Interest Coverage falls into.

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Above Food Ingredients 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.

Above Food Ingredients's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, Above Food Ingredients's Interest Expense was $-5.7 Mil. Its Operating Income was $-29.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $26.9 Mil.

Above Food Ingredients did not have earnings to cover the interest expense.

Above Food Ingredients's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Here, for the three months ended in Jul. 2024, Above Food Ingredients's Interest Expense was $0.0 Mil. Its Operating Income was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $44.0 Mil.

GuruFocus does not calculate Above Food Ingredients's interest coverage with the available data.

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

Above Food Ingredients (NAS:ABVE) 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 .

Above Food Ingredients Interest Coverage Related Terms

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Above Food Ingredients Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7

Website

https://www.abovefood.com

Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.