Berger Paints Jamaica (XJAM:BRG) Interest Coverage : 192.83 (As of Dec. 2008)

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What is Berger Paints Jamaica 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. Berger Paints Jamaica's Operating Income for the six months ended in Dec. 2008 was JMD1,527 Mil. Berger Paints Jamaica's Interest Expense for the six months ended in Dec. 2008 was JMD-8 Mil. Berger Paints Jamaica's interest coverage for the quarter that ended in Dec. 2008 was 192.83. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Berger Paints Jamaica's Interest Coverage or its related term are showing as below:

XJAM:BRG's Interest Coverage is not ranked ^*
in the Chemicals industry.
Industry Median: 9.55
* 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.

Berger Paints Jamaica Interest Coverage Historical Data

The historical data trend for Berger Paints Jamaica'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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Berger Paints Jamaica Interest Coverage Chart

Berger Paints Jamaica Annual Data

Trend

Dec08

Interest Coverage

192.83

Berger Paints Jamaica Semi-Annual Data
	Dec08
Interest Coverage	192.83

Competitive Comparison of Berger Paints Jamaica's Interest Coverage

For the Specialty Chemicals subindustry, Berger Paints Jamaica'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.

Berger Paints Jamaica's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Berger Paints Jamaica's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Berger Paints Jamaica's Interest Coverage falls into.

Berger Paints Jamaica 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.

Berger Paints Jamaica's Interest Coverage for the fiscal year that ended in Dec. 2008 is calculated as

Here, for the fiscal year that ended in Dec. 2008, Berger Paints Jamaica's Interest Expense was JMD-8 Mil. Its Operating Income was JMD1,527 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2008 )	/	Interest Expense (A: Dec. 2008 )
	=	-1	*	1527.014	/	-7.919
	=	192.83

Berger Paints Jamaica's Interest Coverage for the quarter that ended in Dec. 2008 is calculated as

Here, for the six months ended in Dec. 2008, Berger Paints Jamaica's Interest Expense was JMD-8 Mil. Its Operating Income was JMD1,527 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2008 )	/	Interest Expense (Q: Dec. 2008 )
	=	-1	*	1527.014	/	-7.919
	=	192.83

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

Berger Paints Jamaica (XJAM:BRG) 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 .

Berger Paints Jamaica Interest Coverage Related Terms

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Berger Paints Jamaica (XJAM:BRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Berger Paints Jamaica Ltd (XJAM:BRG) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

256 Spanish Town Road, P O Box 8, Kingston, JAM, 11

Website

https://www.bergerpaintscaribbean.com

Berger Paints Jamaica Ltd is engaged in the manufacturing and distribution of paint and paint related products. The company's products and services include consumer service, protective coatings, marine paints and architectural and wood finishes. It offers paints, primers, textures, wood finishes, and light industrial finishes. It serves homes and institutions. The group has a strong presence in five regions of the world, including Middle East, South Asia, South East Asia, South Pacific, and the Caribbean, through its five corporate brands - Berger International, Asian Paints, SCIB Paints, Apco Coatings, Taubmans, and Kadisco.