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Australian Dairy Nutritionals (ASX:AHF) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Australian Dairy Nutritionals 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. Australian Dairy Nutritionals's Operating Income for the six months ended in Dec. 2023 was A$-2.36 Mil. Australian Dairy Nutritionals's Interest Expense for the six months ended in Dec. 2023 was A$-0.01 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 Australian Dairy Nutritionals's Interest Coverage or its related term are showing as below:


ASX:AHF's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.41
* 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.


Australian Dairy Nutritionals Interest Coverage Historical Data

The historical data trend for Australian Dairy Nutritionals'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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Australian Dairy Nutritionals Interest Coverage Chart

Australian Dairy Nutritionals Annual Data
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Interest Coverage
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Australian Dairy Nutritionals Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Australian Dairy Nutritionals's Interest Coverage

For the Packaged Foods subindustry, Australian Dairy Nutritionals'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.


Australian Dairy Nutritionals's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Australian Dairy Nutritionals's Interest Coverage falls into.



Australian Dairy Nutritionals 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.

Australian Dairy Nutritionals'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, Australian Dairy Nutritionals's Interest Expense was A$-0.06 Mil. Its Operating Income was A$-6.14 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.49 Mil.

Australian Dairy Nutritionals did not have earnings to cover the interest expense.

Australian Dairy Nutritionals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Australian Dairy Nutritionals's Interest Expense was A$-0.01 Mil. Its Operating Income was A$-2.36 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.24 Mil.

Australian Dairy Nutritionals 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.


Australian Dairy Nutritionals  (ASX:AHF) 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 .


Australian Dairy Nutritionals Interest Coverage Related Terms

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Australian Dairy Nutritionals (ASX:AHF) Business Description

Traded in Other Exchanges
N/A
Address
160 Depot Road, Camperdown, Sydney, VIC, AUS, 3260
Australian Dairy Nutritionals Ltd is a vertically integrated dairy producer in Australia. The company's operating segment includes Nutritional Powders and Dairy Processing. It generates maximum revenue from the Dairy Processing segment. Dairy Processing segment includes the processing and sale of dairy products to domestic markets. The Dairy Farms segment includes the ownership and operation of dairy farms and dairy livestock for the production and sale of fresh raw milk for conversion to milk and milk products. Its product portfolio includes Milk; Yoghurt; Butter and Stockist. Geographically, it derives a majority of its revenue from Australia.

Australian Dairy Nutritionals (ASX:AHF) Headlines

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