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Seaboard Interest Coverage

: 27.50 (As of Jun. 2021)
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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. Seaboard's Operating Income for the three months ended in Jun. 2021 was $165 Mil. Seaboard's Interest Expense for the three months ended in Jun. 2021 was $-6 Mil. Seaboard's interest coverage for the quarter that ended in Jun. 2021 was 27.50. The higher the ratio, the stronger the company's financial strength is.

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

AMEX:SEB' s Interest Coverage Range Over the Past 10 Years
Min: 3.06   Med: 10.59   Max: 51.58
Current: 30.57

3.06
51.58

AMEX:SEB's Interest Coverage is ranked lower than
54% of the 26 Companies
in the Conglomerates industry.

( Industry Median: 14.66 vs. AMEX:SEB: 30.57 )

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


Seaboard Interest Coverage Historical Data

The historical data trend for Seaboard'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.

* Premium members only.

Seaboard Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.93 8.28 5.36 3.06 12.89

Seaboard Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 4.83 71.00 N/A 27.50

Competitive Comparison

For the Conglomerates subindustry, Seaboard'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.

   

Seaboard Interest Coverage Distribution

For the Conglomerates industry and Industrials sector, Seaboard's Interest Coverage distribution charts can be found below:

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



Seaboard 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.


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

Seaboard's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Seaboard's Interest Expense was $-19 Mil. Its Operating Income was $245 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,025 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*245/-19
=12.89

Seaboard's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the three months ended in Jun. 2021, Seaboard's Interest Expense was $-6 Mil. Its Operating Income was $165 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,026 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2021 )/Interest Expense (Q: Jun. 2021 )
=-1*165/-6
=27.50

* 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.


Seaboard  (AMEX:SEB) 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 .


Seaboard Interest Coverage Related Terms

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


Seaboard Business Description

Seaboard logo
Industry
Industrials » Conglomerates NAICS : 551112 SIC : 6719
Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.
Executives
Bresky Jacob A. officer: Vice Pres-Business Development 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Bresky Ellen S. director, 10 percent owner 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Baena Douglas W director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BAENA DOUGLAS W a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sand Darwin E officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr officer: VP-Information Technology 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Moss Ralph L officer: Senior Vice President 818 CONNECTICUT AVE NW STE 801 WASHINGTON DC 20006
Bresky Steven J director, 10 percent owner, officer: President & CEO P.O. BOX 2972 SHAWNEE MISSION KS 66201
Squires Paul M. director SEABOARD FLOUR 1320 CENTRE STREET, SUITE 200 NEWTON CENTER MA 02459
Trollinger Michael D. officer: VP, Corporate Controller, CAO 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Holden Zachery J officer: Assistant Secretary 9000 WEST 67TH STREET MERRIAM KS 66202
Shifman Edward I. Jr. director 219 FULLER STREET WEST NEWTON MA 02465
Rodrigues J E director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RODRIGUES J E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Becker David M officer: Sr Vice President-Gen. Counsel PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BECKER DAVID M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tywater Ty A officer: Vice President 9000 WEST 67TH STREET MERRIAM KS 66202
Rankin David H. officer: Vice President 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
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