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The Okomu Oil Palm Co (NSA:OKMO) Interest Coverage : 156.57 (As of Mar. 2025)


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What is The Okomu Oil Palm Co 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. The Okomu Oil Palm Co's Operating Income for the three months ended in Mar. 2025 was ₦33,023 Mil. The Okomu Oil Palm Co's Interest Expense for the three months ended in Mar. 2025 was ₦-211 Mil. The Okomu Oil Palm Co's interest coverage for the quarter that ended in Mar. 2025 was 156.57. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for The Okomu Oil Palm Co's Interest Coverage or its related term are showing as below:

NSA:OKMO' s Interest Coverage Range Over the Past 10 Years
Min: 7.91   Med: 22.84   Max: 95.71
Current: 45.22


NSA:OKMO's Interest Coverage is ranked better than
75.83% of 1473 companies
in the Consumer Packaged Goods industry
Industry Median: 8.36 vs NSA:OKMO: 45.22

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


The Okomu Oil Palm Co Interest Coverage Historical Data

The historical data trend for The Okomu Oil Palm Co'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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The Okomu Oil Palm Co Interest Coverage Chart

The Okomu Oil Palm Co 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 10.71 23.44 22.73 9.40 11.56

The Okomu Oil Palm Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 111.58 27.89 49.49 14.29 156.57

Competitive Comparison of The Okomu Oil Palm Co's Interest Coverage

For the Farm Products subindustry, The Okomu Oil Palm Co'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.


The Okomu Oil Palm Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Okomu Oil Palm Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The Okomu Oil Palm Co's Interest Coverage falls into.


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The Okomu Oil Palm Co 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.

The Okomu Oil Palm Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, The Okomu Oil Palm Co's Interest Expense was ₦-4,599 Mil. Its Operating Income was ₦53,161 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦14,724 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*53161.074/-4598.986
=11.56

The Okomu Oil Palm Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, The Okomu Oil Palm Co's Interest Expense was ₦-211 Mil. Its Operating Income was ₦33,023 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦26,944 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*33022.785/-210.911
=156.57

* 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.


The Okomu Oil Palm Co  (NSA:OKMO) 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 .


The Okomu Oil Palm Co Interest Coverage Related Terms

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


The Okomu Oil Palm Co Business Description

Traded in Other Exchanges
N/A
Address
Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449
The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm and rubber Processing segment, which renders palm and rubber processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

The Okomu Oil Palm Co Headlines

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