Collins Foods (ASX:CKF) Interest Coverage : 0.64 (As of Oct. 2023)

Collins Foods Interest Coverage Chart

Collins Foods Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23
Interest Coverage		Get a 7-Day Free Trial					2.71	1.06	0.20	0.39	-

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Coverage	Get a 7-Day Free Trial															2.19	-	-	-	0.64

Competitive Comparison of Collins Foods's Interest Coverage

For the Restaurants subindustry, Collins Foods'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.

Collins Foods's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Interest Coverage distribution charts can be found below:

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

Collins Foods 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.

Collins Foods's Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Collins Foods's Interest Expense was A$-33 Mil. Its Operating Income was A$-56 Mil. And its Long-Term Debt & Capital Lease Obligation was A$799 Mil.

Collins Foods's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the six months ended in Oct. 2023, Collins Foods's Interest Expense was A$-18 Mil. Its Operating Income was A$12 Mil. And its Long-Term Debt & Capital Lease Obligation was A$787 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.

Collins Foods  (ASX:CKF) 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 .

Collins Foods Interest Coverage Related Terms

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Collins Foods (ASX:CKF) Business Description