Golden Harvest Agro Industries (DHA:GHAIL) Interest Coverage : 1.53 (As of Dec. 2024)

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What is Golden Harvest Agro Industries 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. Golden Harvest Agro Industries's Operating Income for the three months ended in Dec. 2024 was BDT61.3 Mil. Golden Harvest Agro Industries's Interest Expense for the three months ended in Dec. 2024 was BDT-40.0 Mil. Golden Harvest Agro Industries's interest coverage for the quarter that ended in Dec. 2024 was 1.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Golden Harvest Agro Industries's Interest Coverage or its related term are showing as below:

DHA:GHAIL' s Interest Coverage Range Over the Past 10 Years
Min: 0.11 Med: 1.63 Max: 2.02
Current: 0.82

DHA:GHAIL's Interest Coverage is ranked worse than
94.16% of 1472 companies
in the Consumer Packaged Goods industry
Industry Median: 8.53 vs DHA:GHAIL: 0.82

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

Golden Harvest Agro Industries Interest Coverage Historical Data

The historical data trend for Golden Harvest Agro Industries'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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Golden Harvest Agro Industries Interest Coverage Chart

Golden Harvest Agro Industries Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Coverage

Get a 7-Day Free Trial

1.21

0.11

1.18

1.57

0.97

Golden Harvest Agro Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															1.48	0.47	0.28	1.25	1.53

Competitive Comparison of Golden Harvest Agro Industries's Interest Coverage

For the Packaged Foods subindustry, Golden Harvest Agro Industries'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.

Golden Harvest Agro Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Harvest Agro Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Golden Harvest Agro Industries's Interest Coverage falls into.

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Golden Harvest Agro Industries 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.

Golden Harvest Agro Industries's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Golden Harvest Agro Industries's Interest Expense was BDT-177.2 Mil. Its Operating Income was BDT171.9 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT1,119.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	171.905	/	-177.175
	=	0.97

Golden Harvest Agro Industries's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Golden Harvest Agro Industries's Interest Expense was BDT-40.0 Mil. Its Operating Income was BDT61.3 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT1,226.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	61.294	/	-40.047
	=	1.53

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

Golden Harvest Agro Industries (DHA:GHAIL) 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 .

Golden Harvest Agro Industries Interest Coverage Related Terms

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

Golden Harvest Agro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Harvest Agro Industries Ltd (DHA:GHAIL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

186, Gulshan -Tejgaon Link Road, S/501 & 502, Shanta Western Tower, Level-5, Tejgoan I/A, Dhaka, BGD, 1208

Website

https://www.goldenharvestbd.com

Golden Harvest Agro Industries Ltd engages in owning and controlling the frozen food processing plant. The company offers frozen food products of vegetables, ready to eat foods, finger foods, and other products, as well as ice cream and milk. It is also involved in vegetable processing activities. The company's business activities include growing, procuring, purchasing, processing, packaging, warehousing, transporting, exporting, importing, distributing and selling. The company has three segments frozen snacks and dairy, majority of its revenue is derived from frozen snacks segment.

Golden Harvest Agro Industries Headlines

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