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Everest Global (LSE:EVST) Interest Coverage : 0 (At Loss) (As of Oct. 2024)


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What is Everest Global 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. Everest Global's Operating Income for the six months ended in Oct. 2024 was £-0.72 Mil. Everest Global's Interest Expense for the six months ended in Oct. 2024 was £-0.06 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 Everest Global's Interest Coverage or its related term are showing as below:


LSE:EVST's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.36
* 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.


Everest Global Interest Coverage Historical Data

The historical data trend for Everest Global'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.

Everest Global Interest Coverage Chart

Everest Global Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Everest Global Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 1.46 0.79 - 0.80 -

Competitive Comparison of Everest Global's Interest Coverage

For the Farm Products subindustry, Everest Global'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.


Everest Global's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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


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Everest Global 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.

Everest Global's Interest Coverage for the fiscal year that ended in Oct. 2024 is calculated as

Here, for the fiscal year that ended in Oct. 2024, Everest Global's Interest Expense was £-0.13 Mil. Its Operating Income was £-0.67 Mil. And its Long-Term Debt & Capital Lease Obligation was £3.04 Mil.

Everest Global did not have earnings to cover the interest expense.

Everest Global's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Here, for the six months ended in Oct. 2024, Everest Global's Interest Expense was £-0.06 Mil. Its Operating Income was £-0.72 Mil. And its Long-Term Debt & Capital Lease Obligation was £3.04 Mil.

Everest Global 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.


Everest Global  (LSE:EVST) 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 .


Everest Global Interest Coverage Related Terms

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


Everest Global Business Description

Traded in Other Exchanges
Address
48 Chancery Lane, 1st Floor, London, GBR, WC2A 1JF
Everest Global PLC is a holding company. It is involved in the production of food, agriculture and agricultural related products and more recently the wider food and beverage industry. The company has one class of business, being the trading of agricultural materials, It has only one geographic reporting segment, which is South Africa.

Everest Global Headlines

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