Colruyt Group NV (XBRU:COLR) Interest Coverage : 87.45 (As of Mar. 2024)

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What is Colruyt Group NV 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. Colruyt Group NV's Operating Income for the six months ended in Mar. 2024 was €192 Mil. Colruyt Group NV's Interest Expense for the six months ended in Mar. 2024 was €-2 Mil. Colruyt Group NV's interest coverage for the quarter that ended in Mar. 2024 was 87.45. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Colruyt Group NV's Interest Coverage or its related term are showing as below:

XBRU:COLR' s Interest Coverage Range Over the Past 10 Years
Min: 21.72 Med: 524.11 Max: 1572
Current: 22.39

XBRU:COLR's Interest Coverage is ranked better than
60.24% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.22 vs XBRU:COLR: 22.39

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

Colruyt Group NV Interest Coverage Historical Data

The historical data trend for Colruyt Group NV'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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Colruyt Group NV Interest Coverage Chart

Colruyt Group NV Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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1,232.50

458.09

230.07

21.72

22.39

Colruyt Group NV Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	13.18	40.65	14.16	87.45

Competitive Comparison of Colruyt Group NV's Interest Coverage

For the Grocery Stores subindustry, Colruyt Group NV'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.

Colruyt Group NV's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Colruyt Group NV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Colruyt Group NV's Interest Coverage falls into.

Colruyt Group NV 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.

Colruyt Group NV's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Colruyt Group NV's Interest Expense was €-20 Mil. Its Operating Income was €439 Mil. And its Long-Term Debt & Capital Lease Obligation was €806 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	438.8	/	-19.6
	=	22.39

Colruyt Group NV's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Colruyt Group NV's Interest Expense was €-2 Mil. Its Operating Income was €192 Mil. And its Long-Term Debt & Capital Lease Obligation was €806 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	192.4	/	-2.2
	=	87.45

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

Colruyt Group NV (XBRU:COLR) 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 .

Colruyt Group NV Interest Coverage Related Terms

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

Colruyt Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Colruyt Group NV (XBRU:COLR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CUYTY:USA COLRb:UK 0N4Y:UK EFC1:Germany

Address

Edingensesteenweg 196, Wilgenveld, Halle, BEL, B-1500

Website

https://www.colruytgroup.com

Colruyt NV Formerly Etablissementen Franz Colruyt NV is a Belgian-based family owned food retailer with nearly 30,000 employees and more than 530 stores (460 stores in Belgium and 76 in France) that traces its origins back to 1928. Aside from its flagship Colruyt supermarkets in Belgium and Luxembourg (60% of sales), it generates 16% of sales under separate banners from neighbourhood stores, biosupermarkets, covered markets, and family and seasonal stores. Its food service and wholesale businesses account for a further 18% of sales. Colruyt also owns DATS 24 filling stations, and a green energy business, generating electricity from wind turbines, solar panels, and biomass.

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