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Heineken Holding NV Interest Coverage

: 0.33 (As of Jun. 2020)
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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. Heineken Holding NV's Operating Income for the six months ended in Jun. 2020 was $90 Mil. Heineken Holding NV's Interest Expense for the six months ended in Jun. 2020 was $-269 Mil. Heineken Holding NV's interest coverage for the quarter that ended in Jun. 2020 was 0.33. The higher the ratio, the stronger the company's financial strength is.

OTCPK:HKHHF' s Interest Coverage Range Over the Past 10 Years
Min: 3.67   Med: 5.57   Max: 6.54
Current: 3.8

3.67
6.54

OTCPK:HKHHF's Interest Coverage is ranked lower than
75% of the 138 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 11.57 vs. OTCPK:HKHHF: 3.80 )

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


Heineken Holding NV Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Heineken Holding NV Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.84 5.90 6.54 5.82 6.37

Heineken Holding NV Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 5.63 6.01 6.16 6.56 0.33

Competitive Comparison
* 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.


Heineken Holding NV Interest Coverage Distribution

* The bar in red indicates where Heineken Holding NV's Interest Coverage falls into.



Heineken Holding NV 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.

Heineken Holding NV's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Heineken Holding NV's Interest Expense was $-617 Mil. Its Operating Income was $3,931 Mil. And its Long-Term Debt & Capital Lease Obligation was $14,851 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2019 )/Interest Expense (A: Dec. 2019 )
=-1*3931.1111111111/-616.66666666667
=6.37

Heineken Holding NV's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the six months ended in Jun. 2020, Heineken Holding NV's Interest Expense was $-269 Mil. Its Operating Income was $90 Mil. And its Long-Term Debt & Capital Lease Obligation was $17,527 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2020 )/Interest Expense (Q: Jun. 2020 )
=-1*90.09009009009/-269.14414414414
=0.33

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


Heineken Holding NV  (OTCPK:HKHHF) 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 .


Heineken Holding NV Interest Coverage Related Terms


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