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CRERF (Carrefour) Interest Coverage : 1.91 (As of Jun. 2024)


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What is Carrefour 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. Carrefour's Operating Income for the six months ended in Jun. 2024 was $780 Mil. Carrefour's Interest Expense for the six months ended in Jun. 2024 was $-408 Mil. Carrefour's interest coverage for the quarter that ended in Jun. 2024 was 1.91. The higher the ratio, the stronger the company's financial strength is.

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

CRERF' s Interest Coverage Range Over the Past 10 Years
Min: 3.18   Med: 5.23   Max: 7.26
Current: 3.29


CRERF's Interest Coverage is ranked worse than
80.31% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.22 vs CRERF: 3.29

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


Carrefour Interest Coverage Historical Data

The historical data trend for Carrefour'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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Carrefour Interest Coverage Chart

Carrefour Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.32 6.82 7.26 4.02 3.18

Carrefour Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 3.28 4.51 1.74 4.97 1.91

Competitive Comparison of Carrefour's Interest Coverage

For the Grocery Stores subindustry, Carrefour'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.


Carrefour's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Carrefour's Interest Coverage distribution charts can be found below:

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



Carrefour 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.

Carrefour'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, Carrefour's Interest Expense was $-767 Mil. Its Operating Income was $2,437 Mil. And its Long-Term Debt & Capital Lease Obligation was $12,168 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*2437.296/-766.63
=3.18

Carrefour's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Carrefour's Interest Expense was $-408 Mil. Its Operating Income was $780 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,206 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*780.409/-407.966
=1.91

* 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.


Carrefour  (OTCPK:CRERF) 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 .


Carrefour Interest Coverage Related Terms

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


Carrefour Business Description

Address
93, Avenue de Paris, Massy Cedex, Paris, FRA, 91300
Carrefour is a multiformat retailer with operations in more than 40 countries, with tens of thousands of shops globally, over 1,000 drive-thru locations, and about 305,000 employees. Although hypermarkets still account for the bulk of sales in France, the company, founded in 1959, is expanding away from its initial large hypermarket style. Due to its emphasis on creating smaller stores, its exposure to the nonfood sector has decreased. Approximately 74% of sales are generated in Europe and the rest in Latin America.

Carrefour Headlines

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