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Restaurant Brands Asia (BOM:543248) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Restaurant Brands Asia 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. Restaurant Brands Asia's Operating Income for the three months ended in Mar. 2024 was ₹-315 Mil. Restaurant Brands Asia's Interest Expense for the three months ended in Mar. 2024 was ₹-473 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 Restaurant Brands Asia's Interest Coverage or its related term are showing as below:


BOM:543248's Interest Coverage is not ranked *
in the Restaurants industry.
Industry Median: 6.415
* 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.


Restaurant Brands Asia Interest Coverage Historical Data

The historical data trend for Restaurant Brands Asia'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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Restaurant Brands Asia Interest Coverage Chart

Restaurant Brands Asia Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Restaurant Brands Asia Quarterly Data
Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Restaurant Brands Asia's Interest Coverage

For the Restaurants subindustry, Restaurant Brands Asia'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.


Restaurant Brands Asia's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands Asia's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Restaurant Brands Asia's Interest Coverage falls into.



Restaurant Brands Asia 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.

Restaurant Brands Asia's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Restaurant Brands Asia's Interest Expense was ₹-1,412 Mil. Its Operating Income was ₹-961 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹13,208 Mil.

Restaurant Brands Asia did not have earnings to cover the interest expense.

Restaurant Brands Asia's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Restaurant Brands Asia's Interest Expense was ₹-473 Mil. Its Operating Income was ₹-315 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹13,208 Mil.

Restaurant Brands Asia 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.


Restaurant Brands Asia  (BOM:543248) 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 .


Restaurant Brands Asia Interest Coverage Related Terms

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Restaurant Brands Asia Business Description

Traded in Other Exchanges
Address
Asan Pada Road, Chimatpada, Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia, Marol, Andheri (East), Mumbai, MH, IND, 400 059
Restaurant Brands Asia Ltd is a fastest-growing international QSR chain in India providing fast food burgers. It develops, establishes, operates and franchises Burger King branded restaurants in India. It has a single reportable segment which is Restaurants and Management.

Restaurant Brands Asia Headlines

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