United Natural Foods (United Natural Foods) Interest Coverage : 0.78 (As of Jan. 2024)

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What is United Natural 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. United Natural Foods's Operating Income for the three months ended in Jan. 2024 was $29 Mil. United Natural Foods's Interest Expense for the three months ended in Jan. 2024 was $-37 Mil. United Natural Foods's interest coverage for the quarter that ended in Jan. 2024 was 0.78. The higher the ratio, the stronger the company's financial strength is.

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

UNFI' s Interest Coverage Range Over the Past 10 Years
Min: 0.36 Med: 8.4 Max: 27.19
Current: 0.36

UNFI's Interest Coverage is ranked worse than
97.64% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.045 vs UNFI: 0.36

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

United Natural Foods Interest Coverage Historical Data

The historical data trend for United Natural 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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United Natural Foods Interest Coverage Chart

United Natural Foods Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Coverage

Get a 7-Day Free Trial

1.54

1.96

2.11

2.90

1.41

United Natural Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial															2.24	1.21	-	0.29	0.78

Competitive Comparison of United Natural Foods's Interest Coverage

For the Food Distribution subindustry, United Natural 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.

United Natural Foods's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Interest Coverage distribution charts can be found below:

* The bar in red indicates where United Natural Foods's Interest Coverage falls into.

United Natural 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.

United Natural Foods's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, United Natural Foods's Interest Expense was $-133 Mil. Its Operating Income was $187 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,067 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jul. 2023 )	/	Interest Expense (A: Jul. 2023 )
	=	-1	*	187	/	-133
	=	1.41

United Natural Foods's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, United Natural Foods's Interest Expense was $-37 Mil. Its Operating Income was $29 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,481 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	29	/	-37
	=	0.78

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

United Natural Foods (NYSE:UNFI) 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 .

United Natural Foods Interest Coverage Related Terms

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

United Natural Foods (United Natural Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » United Natural Foods Inc (NYSE:UNFI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

UN3:Germany UN3:Germany

Address

313 Iron Horse Way, Providence, RI, USA, 02908

Website

https://www.unfi.com

United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.

Executives

Andre Persaud	officer: President and CEO, Retail	30 HUNTER LANE, CAMP HILL PA 17011
Bates Ann Torre	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
John W Howard	officer: Interim CFO	313 IRON HORSE WAY, PROVIDENCE RI 02908
Douglas J Alexander Jr	director, officer: Chief Executive Officer	3925 BROOKSIDE PARKWAY, ALPHARETTA GA 30022
Lynn S. Blake	director	250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE INVESTMENTS, INC., NEW YORK NY 10119
James M Loree	director	1000 STANLEY DRIVE, NEW BRITAIN CT 06053
James C Pappas	director	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Erin Horvath	officer: COO	313 IRON HORSE WAY, C/O IRON HORSE WAY, PROVIDENCE RI 02908
Danielle Benedict	officer: SVP, Human Resources	313 IRON HORSE WAY, PROVIDENCE RI 02908
Christopher P. Testa	officer: President, Blue Marble Brands	C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Richard Eric Esper	officer: Chief Accounting Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Mahrukh Hussain	officer: General Counsel and Corp. Sec.	313 IRON HORSE WAY, PROVIDENCE RI 02908
Louis Anthony Martin	officer: CSTO	313 IRON HORSE WAY, PROVIDENCE RI 02908
Matthew T Echols	officer: CCAO	313 IRON HORSE WAY, PROVIDENCE RI 02908
Mohammad Shamim	director	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238