MHP SE (MHP SE) Interest Coverage : 1.71 (As of Jun. 2023)

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What is MHP SE 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. MHP SE's Operating Income for the three months ended in Jun. 2023 was $68 Mil. MHP SE's Interest Expense for the three months ended in Jun. 2023 was $-40 Mil. MHP SE's interest coverage for the quarter that ended in Jun. 2023 was 1.71. The higher the ratio, the stronger the company's financial strength is.

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

MHPSL' s Interest Coverage Range Over the Past 10 Years
Min: 1.39 Med: 3.14 Max: 4.47
Current: 3.06

MHPSL's Interest Coverage is ranked worse than
80.04% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 8.55 vs MHPSL: 3.06

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

MHP SE Interest Coverage Historical Data

The historical data trend for MHP SE'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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MHP SE Interest Coverage Chart

MHP SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.59

1.39

3.37

2.16

2.18

MHP SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.62	4.00	2.10	1.71	N/A

Competitive Comparison of MHP SE's Interest Coverage

For the Farm Products subindustry, MHP SE'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.

MHP SE's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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

MHP SE 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.

MHP SE'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, MHP SE's Interest Expense was $-160 Mil. Its Operating Income was $349 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,305 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	349	/	-160
	=	2.18

MHP SE's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, MHP SE's Interest Expense was $-40 Mil. Its Operating Income was $68 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,165 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	67.899	/	-39.722
	=	1.71

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

MHP SE (GREY:MHPSL) 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 .

MHP SE Interest Coverage Related Terms

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

MHP SE (MHP SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MHP SE (GREY:MHPSL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MHPC:Ukraine MHPCl:UK MHPC:UK MPQ:Germany

Address

3-7 Archbishop Makarios III Avenue, EB 1, Nicolaides Sea View City Block AB, Larnaca, CYP, 6017

Website

https://www.mhp.com.ua

MHP SE is a Ukraine-based company engaged in the poultry farming business. The company operates in four segments: Poultry & Related Operations, Grain Growing Operations, Meat-Processing & Other Agricultural Operations, and the European Operating Segment. The poultry and related operations integrate all functions related to the production & sale of chicken products, vegetable oil, and mixed fodder. The grain-growing segment comprises the production and sale of grains such as corn, sunflower, soybean, and others. The Meat segment produces and sells sausage & cooked meat, convenience foods, and goods manufactured from cattle and dairy operations. The company generates the majority of its revenue from the poultry and related operations segment.