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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. Central Garden & Pet Co's Operating Income for the three months ended in Mar. 2024 was $93 Mil. Central Garden & Pet Co's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Central Garden & Pet Co's interest coverage for the quarter that ended in Mar. 2024 was 6.50. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Central Garden & Pet Co's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Central Garden & Pet Co'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.
Central Garden & Pet Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 3.57 | 4.50 | 4.34 | 4.46 | 3.69 |
Central Garden & Pet Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | 5.25 | 8.45 | 0.71 | 0.59 | 6.50 |
For the Packaged Foods subindustry, Central Garden & Pet Co'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Central Garden & Pet Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Central Garden & Pet Co's Interest Coverage falls into.
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.
Central Garden & Pet Co'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, Central Garden & Pet Co's Interest Expense was $-57 Mil. Its Operating Income was $211 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,324 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Sep. 2023 ) | / | Interest Expense (A: Sep. 2023 ) |
= | -1 | * | 210.646 | / | -57.025 | |
= | 3.69 |
Central Garden & Pet Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Central Garden & Pet Co's Interest Expense was $-14 Mil. Its Operating Income was $93 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,324 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 93.447 | / | -14.376 | |
= | 6.50 |
* 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.
Central Garden & Pet Co (NAS:CENTA) 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 .
Thank you for viewing the detailed overview of Central Garden & Pet Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Joyce M. Mccarthy | officer: General Counsel | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Lisa Coleman | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD STE 600, WALNUT CREEK CA 94597 |
Chun Courtnee A | director | 12300 LIBERTY BLVD., ENGLEWOOD CO 80112 |
Daniel P. Myers | director | C/O KRAFT FOODS INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Walker John D. Iii | officer: President, Garden Consumer Pro | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD STE 600, WALNUT CREEK CA 94597 |
Brendan Dougher | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Timothy P. Cofer | director, officer: CEO | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Michael J Griffith | director | DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220 |
Christopher T Metz | director | BLACK & DECKER CORP, 701 EAST JOPPA ROAD, TOWSON MD 21286 |
John Edward Hanson | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
William Lawrence Lynch | officer: Senior Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLOULEVARD SUITE 600, WALNUT CREEK CA 94597 |
Michael Edwards | director | BORDERS GROUP, INC., 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Nicholas Lahanas | officer: Chief Financial Officer | 4666 MISSION AVENUE, SUITE 1, SAN DIEGO CA 92116 |
Andrew K. Woeber | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Kay Schwichtenberg | officer: Executive Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
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