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Edita Food Industries S.A.E (CAI:EFID) Interest Coverage : 7.49 (As of Dec. 2023)


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What is Edita Food Industries S.A.E 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. Edita Food Industries S.A.E's Operating Income for the three months ended in Dec. 2023 was E£471 Mil. Edita Food Industries S.A.E's Interest Expense for the three months ended in Dec. 2023 was E£-63 Mil. Edita Food Industries S.A.E's interest coverage for the quarter that ended in Dec. 2023 was 7.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Edita Food Industries S.A.E's Interest Coverage or its related term are showing as below:


CAI:EFID's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.48
* 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.


Edita Food Industries S.A.E Interest Coverage Historical Data

The historical data trend for Edita Food Industries S.A.E'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.

* Premium members only.

Edita Food Industries S.A.E Interest Coverage Chart

Edita Food Industries S.A.E Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.01 7.27 10.88 9.44 No Debt

Edita Food Industries S.A.E Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Dec24
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 10.47 11.15 9.45 7.49 No Debt

Competitive Comparison of Edita Food Industries S.A.E's Interest Coverage

For the Packaged Foods subindustry, Edita Food Industries S.A.E'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.


Edita Food Industries S.A.E's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Edita Food Industries S.A.E's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Edita Food Industries S.A.E's Interest Coverage falls into.


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Edita Food Industries S.A.E 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.

Edita Food Industries S.A.E's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Edita Food Industries S.A.E's Interest Expense was E£-212 Mil. Its Operating Income was E£2,000 Mil. And its Long-Term Debt & Capital Lease Obligation was E£1,260 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*2000.08/-211.932
=9.44

Edita Food Industries S.A.E's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Edita Food Industries S.A.E's Interest Expense was E£-63 Mil. Its Operating Income was E£471 Mil. And its Long-Term Debt & Capital Lease Obligation was E£1,260 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*470.541/-62.811
=7.49

* 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.


Edita Food Industries S.A.E  (CAI:EFID) 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 .


Edita Food Industries S.A.E Interest Coverage Related Terms

Thank you for viewing the detailed overview of Edita Food Industries S.A.E's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Edita Food Industries S.A.E Business Description

Traded in Other Exchanges
Address
Edita Group Building, P.O. Box 64, Plot no. 13 - Central Pivot, El Sheikh Zayed, Cairo, EGY, 12588
Edita Food Industries S.A.E is a consumer goods company with a presence in Egypt and the Middle East. The company manufactures, produces, and packages food and snack products. Edita operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits. The cakes segment contributes a substantial percentage of company sales. Some major brands include Molto, TODO, Bake Rolz, and Twinkies. The company has a vast distribution network of wholesalers and retailers in the Middle East and North Africa and sells its products to more than seventeen regional markets.

Edita Food Industries S.A.E Headlines

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