GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » LASCO Distributors Ltd (XJAM:LASD) » Definitions » Interest Coverage

LASCO Distributors (XJAM:LASD) Interest Coverage : 0 (At Loss) (As of . 20)


View and export this data going back to 2010. Start your Free Trial

What is LASCO Distributors 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. LASCO Distributors's Operating Income for the six months ended in . 20 was JMD0.00 Mil. LASCO Distributors's Interest Expense for the six months ended in . 20 was JMD0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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


XJAM:LASD's Interest Coverage is not ranked *
in the Retail - Defensive industry.
Industry Median: 8.57
* 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.


LASCO Distributors Interest Coverage Historical Data

The historical data trend for LASCO Distributors'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.

LASCO Distributors Interest Coverage Chart

LASCO Distributors Annual Data
Trend
Interest Coverage

LASCO Distributors Semi-Annual Data
Interest Coverage

Competitive Comparison of LASCO Distributors's Interest Coverage

For the Food Distribution subindustry, LASCO Distributors'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.


LASCO Distributors's Interest Coverage Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where LASCO Distributors's Interest Coverage falls into.


;
;

LASCO Distributors 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.

LASCO Distributors's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, LASCO Distributors's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

LASCO Distributors had no debt (1).

LASCO Distributors's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, LASCO Distributors's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

LASCO Distributors had no debt (1).

* 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.


LASCO Distributors  (XJAM:LASD) 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 .


LASCO Distributors Interest Coverage Related Terms

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


LASCO Distributors Business Description

Traded in Other Exchanges
N/A
Address
27 Red Hills Road, Kingston, 10, Jamaica, JAM
LASCO Distributors Ltd is engaged in marketing and distribution. The company markets and distributes food, consumer, personal care, and pharmaceutical products for local and international brands. The company operates in two segments namely the Consumer division and Pharmaceutical division.

LASCO Distributors Headlines

No Headlines