African Distillers (XZIM:AFDS.ZW) Interest Coverage : 9.62 (As of Mar. 2024)

African Distillers Interest Coverage Chart

African Distillers Annual Data
	Trend	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Mar23	Mar24
Interest Coverage		Get a 7-Day Free Trial					No Debt	No Debt	48.34	8.59	9.62

African Distillers Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Mar23	Mar24
Interest Coverage	Get a 7-Day Free Trial							No Debt	No Debt	48.34	8.59	9.62

Competitive Comparison of African Distillers's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, African Distillers'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.

African Distillers's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, African Distillers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where African Distillers's Interest Coverage falls into.

African Distillers 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

African Distillers'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, African Distillers's Interest Expense was ZWG-18 Mil. Its Operating Income was ZWG175 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWG0 Mil.

African Distillers's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, African Distillers's Interest Expense was ZWG-18 Mil. Its Operating Income was ZWG175 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWG0 Mil.

* 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.

African Distillers  (XZIM:AFDS.ZW) 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 .

African Distillers Interest Coverage Related Terms

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

African Distillers Business Description