GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dairibord Holdings Ltd (XZIM:DZL.ZW) » Definitions » Interest Coverage

Dairibord Holdings (XZIM:DZL.ZW) Interest Coverage : 0 (At Loss) (As of Dec. 2022)


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

What is Dairibord Holdings 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. Dairibord Holdings's Operating Income for the six months ended in Dec. 2022 was ZWL-542 Mil. Dairibord Holdings's Interest Expense for the six months ended in Dec. 2022 was ZWL-1,279 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


XZIM:DZL.ZW's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.52
* 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.


Dairibord Holdings Interest Coverage Historical Data

The historical data trend for Dairibord Holdings'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.

Dairibord Holdings Interest Coverage Chart

Dairibord Holdings Annual Data
Trend Dec08 Dec09 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 16.12 12.90 - 1.85 0.41

Dairibord Holdings Semi-Annual Data
Dec09 Jun11 Dec11 Jun12 Dec12 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
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 - 1.22 2.10 2.70 -

Competitive Comparison of Dairibord Holdings's Interest Coverage

For the Packaged Foods subindustry, Dairibord Holdings'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.


Dairibord Holdings's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Dairibord Holdings's Interest Coverage falls into.



Dairibord Holdings 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.

Dairibord Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Dairibord Holdings's Interest Expense was ZWL-1,743 Mil. Its Operating Income was ZWL714 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL1,270 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*714.064/-1743.309
=0.41

Dairibord Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Dairibord Holdings's Interest Expense was ZWL-1,279 Mil. Its Operating Income was ZWL-542 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL1,270 Mil.

Dairibord Holdings did not have earnings to cover the interest expense.

* 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.


Dairibord Holdings  (XZIM:DZL.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 .


Dairibord Holdings Interest Coverage Related Terms

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


Dairibord Holdings (XZIM:DZL.ZW) Business Description

Traded in Other Exchanges
N/A
Address
1225 Rekayi Tangwena Avenue, Belvedere, P.O. Box 587, Harare, ZWE
Dairibord Holdings Ltd manufactures, processes, markets, and distributes milk products, foods, and beverages in Zimbabwe. It operates through Manufacturing and Distribution (Zimbabwe), Corporate, and Properties segments. The company generates maximum revenue from the Manufacturing and Distribution segment. It offers various products, including liquid milk products, such as short and long shelf life, cultured, and cream milk products; food products comprising yoghurts, ice creams, cheese, ice cream cone shells, condiments, spreads, sauces, butter, and ghee; and beverages, which include cordials, ready to drink dairy and non-dairy beverages, teas, mineral water, juices, and drinking chocolate.

Dairibord Holdings (XZIM:DZL.ZW) Headlines

No Headlines