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Bunge Global (Bunge Global) Interest Coverage

: 5.35 (As of Dec. 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. Bunge Global's Operating Income for the three months ended in Dec. 2023 was $759 Mil. Bunge Global's Interest Expense for the three months ended in Dec. 2023 was $-142 Mil. Bunge Global's interest coverage for the quarter that ended in Dec. 2023 was 5.35. The higher the ratio, the stronger the company's financial strength is.

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

BG' s Interest Coverage Range Over the Past 10 Years
Min: 1.25   Med: 4.88   Max: 8.76
Current: 6.07


BG's Interest Coverage is ranked worse than
56.72% of 1377 companies
in the Consumer Packaged Goods industry
Industry Median: 8.37 vs BG: 6.07

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


Bunge Global Interest Coverage Historical Data

The historical data trend for Bunge Global'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.

Bunge Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5.38 8.76 5.74 6.07

Bunge Global 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 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 4.41 7.39 7.33 4.50 5.35

Competitive Comparison

For the Farm Products subindustry, Bunge Global'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.


Bunge Global Interest Coverage Distribution

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

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



Bunge Global 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.

Bunge Global's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Bunge Global's Interest Expense was $-516 Mil. Its Operating Income was $3,130 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,646 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*3130/-516
=6.07

Bunge Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Bunge Global's Interest Expense was $-142 Mil. Its Operating Income was $759 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,646 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*759/-142
=5.35

* 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.


Bunge Global  (NYSE:BG) 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 .


Bunge Global Interest Coverage Related Terms

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


Bunge Global (Bunge Global) Business Description

Traded in Other Exchanges
Address
1391 Timberlake Manor Parkway, Chesterfield, MO, USA, 63017
Bunge Global SA formerly Bunge Ltd is a global agribusiness and food company with operations along the farm-to-consumer food chain. The company segments include Agribusiness; Refined and Specialty Oils; Milling; Sugar and Bioenergy and Corporate and Other. It generates maximum revenue from the Agribusiness segment. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products.
Executives
Christos Dimopoulos officer: Pres., Global Supply Chains C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Monica Houle Mcgurk director C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Kellie Sears officer: Chief Human Resources Officer C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Lustosa De Andrade Eliane Aleixo director C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Julio Garros officer: Pres, Ag Develop, Ops & Mill C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Simmons Jerry Matthews Jr officer: See Remarks C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Paul J Fribourg director 667 MADISON AVE, NEW YORK NY 10021
Continental Grain Co director 767 FIFTH AVENUE, NEW YORK NY 10153
Michael Kobori director C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Deborah Borg officer: EVP & Chief HR, Comms Officer BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Kenneth Simril director 1811 AKSARBEN DRIVE, OMAHA NE 68106
Gregory A Heckman director, officer: Chief Executive Officer C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Bernardo Hees director C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Raul Padilla officer: CEO, Bunge Global Agribusiness C/O BUNGE LTD, 50 MAIN STREET, WHITE PLAINS NY 10606
Vinita Bali director C/O BUNGE LIMITED, 50 MAIN STREET, 6TH FLOOR, WHITE PLAINS NY 10606

Bunge Global (Bunge Global) Headlines

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