Flanigan'S Enterprises (Flanigan'S Enterprises) Interest Coverage : 2.06 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Flanigan'S Enterprises 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. Flanigan'S Enterprises's Operating Income for the three months ended in Dec. 2023 was $0.5 Mil. Flanigan'S Enterprises's Interest Expense for the three months ended in Dec. 2023 was $-0.3 Mil. Flanigan'S Enterprises's interest coverage for the quarter that ended in Dec. 2023 was 2.06. The higher the ratio, the stronger the company's financial strength is.

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

BDL' s Interest Coverage Range Over the Past 10 Years
Min: 2.67 Med: 8.26 Max: 11.25
Current: 5.34

BDL's Interest Coverage is ranked worse than
56.64% of 256 companies
in the Restaurants industry
Industry Median: 6.835 vs BDL: 5.34

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

Flanigan'S Enterprises Interest Coverage Historical Data

The historical data trend for Flanigan'S Enterprises'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.

Flanigan'S Enterprises Interest Coverage Chart

Flanigan'S Enterprises Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

Get a 7-Day Free Trial

7.84

2.67

8.40

8.08

5.69

Flanigan'S Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															3.58	9.52	9.27	0.56	2.06

Competitive Comparison of Flanigan'S Enterprises's Interest Coverage

For the Restaurants subindustry, Flanigan'S Enterprises'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.

Flanigan'S Enterprises's Interest Coverage Distribution in the Restaurants Industry

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

* The bar in red indicates where Flanigan'S Enterprises's Interest Coverage falls into.

Flanigan'S Enterprises 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.

Flanigan'S Enterprises's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Flanigan'S Enterprises's Interest Expense was $-1.1 Mil. Its Operating Income was $6.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $47.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	6.073	/	-1.067
	=	5.69

Flanigan'S Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Flanigan'S Enterprises's Interest Expense was $-0.3 Mil. Its Operating Income was $0.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $46.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.54	/	-0.262
	=	2.06

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

Flanigan'S Enterprises (AMEX:BDL) 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 .

Flanigan'S Enterprises Interest Coverage Related Terms

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

Flanigan'S Enterprises (Flanigan'S Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Flanigan'S Enterprises Inc (AMEX:BDL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

0DY:Germany

Address

5059 N.E. 18th Avenue, Fort Lauderdale, FL, USA, 33334

Website

https://www.flanigans.net

Flanigan'S Enterprises Inc operates as a chain of small cocktail lounges and packages liquor stores throughout South Florida. Its menu consists of a wide variety of options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. The business activity is principally conducted in two segments namely Restaurant and Package liquor store segment. Its Restaurant segment offers alcoholic beverages and full food service and Package stores consist of retail liquor sales and related items. The company generates maximum revenue from Restaurant segment.

Executives

E. Mary Bennett	director	2168 CENTERVIEW CT N, CLEARWATER FL 33759
Christopher Barry Oneil	director	4101 NE 26TH AVENUE, LIGHTHOUSE POINT FL 33064
August Bucci	director, officer: Chief Operating Officer	13078 NORTHWEST 23RD ST, PEMBROKE PINES FL 33028
James Ii Flanigan	director, officer: President	5059 NORTHEAST 18TH AVE, FORT LAUDERDALE FL 33334
Jeffrey D Kastner	director, officer: CFO & Secretary	5059 N.E. 18TH AVENUE, FORT LAUDERDALE FL 33334
Christopher Jeff Nelms	director	724 SE 17TH TERRACE, DEERFIELD BEACH FL 33441
Michael B Flanigan	director	601 OVERLOOK DRIVE, STUART FL 34994
Barbara J Kronk	director	9990 N.W. 39TH STREET, HOLLYWOOD FL 33024
Jean Picard	officer: VP of Package Operations	8351 NORTHWEST 166TH TERRACE, MIAMI FL 33016
Patrick J Flanigan	director	1750 NORTHWEST RIVER TRAIL, STUART FL 34994
Joseph G Flanigan	director, officer: Chariman & CEO	6 GATEHOUSE ROAD, SEA RANCH LAKES FL 33308