APF Holdings (ORSE:EGG) Interest Coverage : 4.14 (As of Jun. 2023)

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What is APF Holdings 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. APF Holdings's Operating Income for the six months ended in Jun. 2023 was €1.02 Mil. APF Holdings's Interest Expense for the six months ended in Jun. 2023 was €-0.25 Mil. APF Holdings's interest coverage for the quarter that ended in Jun. 2023 was 4.14. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. APF Holdings interest coverage is 3.73, which is low.

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

ORSE:EGG' s Interest Coverage Range Over the Past 10 Years
Min: 1.53 Med: 1.54 Max: 3.73
Current: 3.73

ORSE:EGG's Interest Coverage is ranked worse than
67.95% of 1382 companies
in the Consumer Packaged Goods industry
Industry Median: 8.56 vs ORSE:EGG: 3.73

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

APF Holdings Interest Coverage Historical Data

The historical data trend for APF Holdings'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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APF Holdings Interest Coverage Chart

APF Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Coverage

N/A

1.55

1.53

APF Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	-	3.47	4.14

Competitive Comparison of APF Holdings's Interest Coverage

For the Farm Products subindustry, APF Holdings'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.

APF Holdings's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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

APF Holdings 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.

APF Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, APF Holdings's Interest Expense was €-0.62 Mil. Its Operating Income was €0.95 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.56 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	0.952	/	-0.621
	=	1.53

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

Here, for the six months ended in Jun. 2023, APF Holdings's Interest Expense was €-0.25 Mil. Its Operating Income was €1.02 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.61 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1.018	/	-0.246
	=	4.14

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

APF Holdings (ORSE:EGG) 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 .

APF Holdings Interest Coverage Related Terms

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

APF Holdings (ORSE:EGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » APF Holdings (ORSE:EGG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Karla Ulmana 119, Marupe Municipality, Marupe, LVA, LV-2167

Website

https://www.apf.lv

APF Holdings AS is engaged in operation of holding companies. The Company along with its subsidiaries is engaged in the fields of poultry, production of biogas and mineral fertilizers. Its poultry business is involved in egg production, egg sales and egg product sales. The egg sales include free-range eggs (category 1), which are acquired from cooperation partners of the Group, barn eggs (category 2) and cage eggs (category 3) which are produced and sold by the Group.

APF Holdings (ORSE:EGG) Headlines

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