J D W Sugar Mills (KAR:JDWS) Interest Coverage : 11.48 (As of Dec. 2023)

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What is J D W Sugar Mills 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. J D W Sugar Mills's Operating Income for the three months ended in Dec. 2023 was ₨9,232 Mil. J D W Sugar Mills's Interest Expense for the three months ended in Dec. 2023 was ₨-804 Mil. J D W Sugar Mills's interest coverage for the quarter that ended in Dec. 2023 was 11.48. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for J D W Sugar Mills's Interest Coverage or its related term are showing as below:

KAR:JDWS' s Interest Coverage Range Over the Past 10 Years
Min: 0.69 Med: 1.78 Max: 3.68
Current: 3.16

KAR:JDWS's Interest Coverage is ranked worse than
72.52% of 1383 companies
in the Consumer Packaged Goods industry
Industry Median: 8.39 vs KAR:JDWS: 3.16

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

J D W Sugar Mills Interest Coverage Historical Data

The historical data trend for J D W Sugar Mills'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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J D W Sugar Mills Interest Coverage Chart

J D W Sugar Mills Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

Get a 7-Day Free Trial

1.41

1.69

3.45

1.84

1.71

J D W Sugar Mills 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															1.37	1.81	1.25	2.59	11.48

Competitive Comparison of J D W Sugar Mills's Interest Coverage

For the Confectioners subindustry, J D W Sugar Mills'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.

J D W Sugar Mills's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, J D W Sugar Mills's Interest Coverage distribution charts can be found below:

* The bar in red indicates where J D W Sugar Mills's Interest Coverage falls into.

J D W Sugar Mills 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.

J D W Sugar Mills'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, J D W Sugar Mills's Interest Expense was ₨-5,917 Mil. Its Operating Income was ₨10,122 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨1,972 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	10121.842	/	-5917.319
	=	1.71

J D W Sugar Mills's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, J D W Sugar Mills's Interest Expense was ₨-804 Mil. Its Operating Income was ₨9,232 Mil. And its Long-Term Debt & Capital Lease Obligation was ₨1,571 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9231.511	/	-803.982
	=	11.48

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

J D W Sugar Mills (KAR:JDWS) 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 .

J D W Sugar Mills Interest Coverage Related Terms

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

J D W Sugar Mills (KAR:JDWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » J D W Sugar Mills Ltd (KAR:JDWS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 - Abid Majeed Road, Lahore Cantonment, Lahore, PB, PAK

Website

http://www.jdw-group.com

J D W Sugar Mills Ltd engages in the manufacturing and sale of crystalline sugar, Rlectricity and managing Corporate Farms.. The company's operating segments include Sugar; Co-Generation Power; Corporate Farms and others. It generates maximum revenue from the Sugar segment. The Sugar segment is engaged in the production and sale of crystalline sugar and other related joint and by-products. Its Co-Generation Power segment includes the generation and sale of electricity to CPPA-G. The Corporate Farms segment includes managing corporate farms for the cultivation of sugarcane and a small number of other crops. The other segment involves Project under construction for manufacture / generation and sale of ethanol and energy. However, operation of paper pulp classified as disposal group.

J D W Sugar Mills (KAR:JDWS) Headlines

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