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Molson Coors Beverage Co Interest Coverage

: 1.69 (As of Jun. 2022)
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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. Molson Coors Beverage Co's Operating Income for the three months ended in Jun. 2022 was $112 Mil. Molson Coors Beverage Co's Interest Expense for the three months ended in Jun. 2022 was $-67 Mil. Molson Coors Beverage Co's interest coverage for the quarter that ended in Jun. 2022 was 1.69. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Molson Coors Beverage Co's Interest Coverage or its related term are showing as below:

TAP' s Interest Coverage Range Over the Past 10 Years
Min: 1.06   Med: 3.94   Max: 5.76
Current: 4.26


TAP's Interest Coverage is ranked worse than
79.04% of 167 companies
in the Beverages - Alcoholic industry
Industry Median: 15.02 vs TAP: 4.26

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


Molson Coors Beverage Co Interest Coverage Historical Data

The historical data trend for Molson Coors Beverage 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.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.91 4.51 5.24 4.85 5.76

Molson Coors Beverage Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 8.69 8.35 3.11 3.98 1.69

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage 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.

   

Molson Coors Beverage Co Interest Coverage Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Interest Coverage falls into.



Molson Coors Beverage Co 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.


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

Molson Coors Beverage Co's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Molson Coors Beverage Co's Interest Expense was $-260 Mil. Its Operating Income was $1,499 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,647 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*1498.9/-260.3
=5.76

Molson Coors Beverage Co's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Molson Coors Beverage Co's Interest Expense was $-67 Mil. Its Operating Income was $112 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,558 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*112.4/-66.6
=1.69

* 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.


Molson Coors Beverage Co  (NYSE:TAP) 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 .


Molson Coors Beverage Co Interest Coverage Related Terms

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


Molson Coors Beverage Co Business Description

Molson Coors Beverage Co logo
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken), and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.
Executives
Williams Leroy James Jr director 10 LONGS PEAK DRIVE BROOMFIELD CO 80021-2510
D'angelo Anne-marie W officer: Chief Legal & Govt Affairs Off 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Brown Julia M director C/O ABLE BRANDS CO. 30 HUDSON YARDS NEW YORK NY 10001
Stelter Roxanne officer: VP,Controller & Chf Acct Off 3939 W HIGHLAND BLVD MILWAUKEE WI 53208
Winnefeld James A Jr director 870 WINTER STREET WALTHAM MA 02451
Coors David S. director P.O. BOX 4030 NH353 GOLDEN CO 80401
O'sullivan Nessa director P.O. BOX 4030 NH353 GOLDEN CO 80401
Marino Peter John officer: President of Emerging Growth 250 SOUTH WACKER DRIVE CHICAGO IL 60606
St. Jacques Michelle officer: Chief Marketing Officer 250 SOUTH WACKER DRIVE CHICAGO IL 60606
Reichert E. Lee officer: Chief Legal & Corp Affairs Off 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Yeskov Sergey officer: Pres&CEO, Molson Coors Int'l 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Joubert Tracey officer: Chief Financial Officer 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Landtmeters Frederic officer: Pres&CEO, Molson Coors Canada 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Nettles Michelle officer: Chief People&Diversity Off MANPOWERGROUP INC. 100 MANPOWER PLACE MILWAUKEE WI 53212
Devita Betty K director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202

Molson Coors Beverage Co Headlines

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