Ricegrowers (ASX:SGLLV) Interest Coverage

: 5.22 (As of Oct. 2023)

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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. Ricegrowers's Operating Income for the six months ended in Oct. 2023 was A$52 Mil. Ricegrowers's Interest Expense for the six months ended in Oct. 2023 was A$-10 Mil. Ricegrowers's interest coverage for the quarter that ended in Oct. 2023 was 5.22. The higher the ratio, the stronger the company's financial strength is.

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

ASX:SGLLV' s Interest Coverage Range Over the Past 10 Years
Min: 3.63 Med: 5.95 Max: 10.8
Current: 5.83

ASX:SGLLV's Interest Coverage is ranked worse than
57.38% of 1375 companies
in the Consumer Packaged Goods industry
Industry Median: 8.41 vs ASX:SGLLV: 5.83

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

Ricegrowers Interest Coverage Historical Data

The historical data trend for Ricegrowers'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.

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Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Coverage

6.75

5.23

3.63

10.80

5.95

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Coverage						7.48	14.52	4.98	6.49	5.22

Competitive Comparison

For the Farm Products subindustry, Ricegrowers'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.

Ricegrowers Interest Coverage Distribution

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

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

Ricegrowers 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.

Ricegrowers'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, Ricegrowers's Interest Expense was A$-14 Mil. Its Operating Income was A$83 Mil. And its Long-Term Debt & Capital Lease Obligation was A$67 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Apr. 2023 )	/	Interest Expense (A: Apr. 2023 )
	=	-1	*	83.398	/	-14.01
	=	5.95

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

Here, for the six months ended in Oct. 2023, Ricegrowers's Interest Expense was A$-10 Mil. Its Operating Income was A$52 Mil. And its Long-Term Debt & Capital Lease Obligation was A$101 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	52.026	/	-9.959
	=	5.22

The higher the ratio, the stronger the company's Financial Strength is.

Ricegrowers (ASX:SGLLV) 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 .

Ricegrowers Interest Coverage Related Terms

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

Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

Ricegrowers (ASX:SGLLV) Headlines

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