B&G Foods (B&G Foods) Interest Coverage : 1.66 (As of Dec. 2023)

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What is B&G Foods 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. B&G Foods's Operating Income for the three months ended in Dec. 2023 was $67 Mil. B&G Foods's Interest Expense for the three months ended in Dec. 2023 was $-40 Mil. B&G Foods's interest coverage for the quarter that ended in Dec. 2023 was 1.66. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for B&G Foods's Interest Coverage or its related term are showing as below:

BGS' s Interest Coverage Range Over the Past 10 Years
Min: 1.51 Med: 2.35 Max: 3.47
Current: 1.58

BGS's Interest Coverage is ranked worse than
86.49% of 1384 companies
in the Consumer Packaged Goods industry
Industry Median: 8.4 vs BGS: 1.58

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

B&G Foods Interest Coverage Historical Data

The historical data trend for B&G Foods'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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B&G Foods Interest Coverage Chart

B&G Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.08

2.72

2.05

1.58

B&G Foods 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															1.90	1.58	1.37	1.69	1.66

Competitive Comparison of B&G Foods's Interest Coverage

For the Packaged Foods subindustry, B&G 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.

B&G Foods's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where B&G Foods's Interest Coverage falls into.

B&G 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

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.

B&G Foods'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, B&G Foods's Interest Expense was $-151 Mil. Its Operating Income was $239 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,078 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	238.717	/	-151.333
	=	1.58

B&G Foods's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, B&G Foods's Interest Expense was $-40 Mil. Its Operating Income was $67 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,078 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	66.814	/	-40.225
	=	1.66

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

B&G Foods (NYSE:BGS) 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 .

B&G Foods Interest Coverage Related Terms

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

B&G Foods (B&G Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » B&G Foods Inc (NYSE:BGS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DHR:Germany

Address

Four Gatehall Drive, Parsippany, NJ, USA, 07054

Website

https://www.bgfoods.com

B&G Foods Inc is an American packaged-food manufacturer. The company sells its products in the United States, Canada, and Puerto Rico. The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's, Mama Mary's, Maple Grove Farms, Regina, Sa-son, Sclafani, Smart Puffs, Spice Islands, Spring Tree, and Wright's. The company distributes its products through multiple channels to supermarkets, wholesalers, mass merchants, warehouse clubs, and food service distributors, among others.

Executives

Jordan E Greenberg	officer: EVP & Chief Commercial Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Bruce C Wacha	officer: EVP of Corp Strategy & Bus Dev	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
David L Wenner	director, officer: President & CEO	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Andrew D Vogel	officer: EVP, PRESIDENT OF MEALS	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Alfred Poe	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kristen A. Thompson	officer: SVP, President of Frozen & Veg	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Keller Kenneth C Jr	director, officer: President & CEO	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Debra M Chase	director	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Deann L Brunts	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Ellen M Schum	officer: EVP & Chief Customer Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Erich A Fritz	officer: EVP-Chief Supply Chain Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kenneth G. Romanzi	officer: EVP & Chief Operating Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Cheryl M Palmer	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Michael Adasczik	officer: VP, Chief Accounting Officer	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Robert D Mills	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027