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Umami Sustainable Seafood (Umami Sustainable Seafood) Interest Coverage : 1.49 (As of Dec. 2012)


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What is Umami Sustainable Seafood 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. Umami Sustainable Seafood's Operating Income for the three months ended in Dec. 2012 was $3.66 Mil. Umami Sustainable Seafood's Interest Expense for the three months ended in Dec. 2012 was $-2.45 Mil. Umami Sustainable Seafood's interest coverage for the quarter that ended in Dec. 2012 was 1.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Umami Sustainable Seafood's Interest Coverage or its related term are showing as below:


UMAM's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.56
* 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.


Umami Sustainable Seafood Interest Coverage Historical Data

The historical data trend for Umami Sustainable Seafood'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.

Umami Sustainable Seafood Interest Coverage Chart

Umami Sustainable Seafood Annual Data
Trend Feb07 Feb08 Feb09 Feb10 Jun11 Jun12
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt 0.56 6.87

Umami Sustainable Seafood Quarterly Data
Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 14.68 8.35 - - 1.49

Competitive Comparison of Umami Sustainable Seafood's Interest Coverage

For the Farm Products subindustry, Umami Sustainable Seafood'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.


Umami Sustainable Seafood's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Umami Sustainable Seafood's Interest Coverage falls into.



Umami Sustainable Seafood 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.

Umami Sustainable Seafood's Interest Coverage for the fiscal year that ended in Jun. 2012 is calculated as

Here, for the fiscal year that ended in Jun. 2012, Umami Sustainable Seafood's Interest Expense was $-4.60 Mil. Its Operating Income was $31.64 Mil. And its Long-Term Debt & Capital Lease Obligation was $14.73 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2012 )/Interest Expense (A: Jun. 2012 )
=-1*31.64/-4.603
=6.87

Umami Sustainable Seafood's Interest Coverage for the quarter that ended in Dec. 2012 is calculated as

Here, for the three months ended in Dec. 2012, Umami Sustainable Seafood's Interest Expense was $-2.45 Mil. Its Operating Income was $3.66 Mil. And its Long-Term Debt & Capital Lease Obligation was $20.84 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2012 )/Interest Expense (Q: Dec. 2012 )
=-1*3.657/-2.449
=1.49

* 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.


Umami Sustainable Seafood  (GREY:UMAM) 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 .


Umami Sustainable Seafood Interest Coverage Related Terms

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Umami Sustainable Seafood (Umami Sustainable Seafood) Business Description

Traded in Other Exchanges
N/A
Address
1230 Columbia Street, Suite 440, San Diego, CA, USA, 92101
Umami Sustainable Seafood Inc owns and operates aquaculture facilities. Its facilities are in the Croatian territorial waters of the Adriatic Sea where it farms Northern Bluefin Tuna ("NBT") for sale primarily into the Japanese sushi and sashimi market.

Umami Sustainable Seafood (Umami Sustainable Seafood) Headlines

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