Seaboard (AMEX:SEB) Interest Coverage

: 9.65 (As of Dec. 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. Seaboard's Operating Income for the three months ended in Dec. 2022 was $164 Mil. Seaboard's Interest Expense for the three months ended in Dec. 2022 was $-17 Mil. Seaboard's interest coverage for the quarter that ended in Dec. 2022 was 9.65. The higher the ratio, the stronger the company's financial strength is.

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

SEB' s Interest Coverage Range Over the Past 10 Years
Min: 3.06 Med: 10.59 Max: 35.23
Current: 15.64

SEB's Interest Coverage is ranked better than
67.79% of 385 companies
in the Conglomerates industry
Industry Median: 6.25 vs SEB: 15.64

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

Seaboard Interest Coverage Historical Data

The historical data trend for Seaboard'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.

Seaboard Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

5.36

3.06

12.89

35.23

16.43

Seaboard Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Coverage																14.83	N/A	16.00	11.92	9.65

Competitive Comparison

For the Conglomerates subindustry, Seaboard'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.

Annual Data Quarterly Data

Seaboard Interest Coverage Distribution

For the Conglomerates industry and Industrials sector, Seaboard's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Seaboard's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Seaboard 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.

Seaboard's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Seaboard's Interest Expense was $-40 Mil. Its Operating Income was $657 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,020 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	657	/	-40
	=	16.43

Seaboard's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Seaboard's Interest Expense was $-17 Mil. Its Operating Income was $164 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,020 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	164	/	-17
	=	9.65

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

Seaboard (AMEX:SEB) 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 .

Seaboard Interest Coverage Related Terms

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

Seaboard (AMEX:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Seaboard Corp (AMEX:SEB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

9000 West 67th Street, Merriam, KS, USA, 66202

Website

https://www.seaboardcorp.com

Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.

Executives

Frances B Shifman	director	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra	officer: Assistant Treasurer	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
James T Hubler	officer: Assoc. Gen Counsel & Asst. Sec	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Benjamin R Hodes	officer: Vice President, Finance	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Elizabeth A Loudon	officer: Vice President, Tax	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
John B Warner	officer: Vice President-Human Resources	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Adriana N Hoskins	officer: Vice President and Treasurer	9000 WEST 67TH STREET, MERRIAM KS 66202
Peter B Brown	officer: Pres. & CEO, Seaboard Foods	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Jacob A. Bresky	officer: Vice Pres-Business Development	9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Ellen S. Bresky	director, 10 percent owner	9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Douglas W Baena	director
Darwin E Sand	officer: Pres. & CEO, Seaboard Foods	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr	officer: VP-Information Technology	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Paul M. Squires	director	SEABOARD FLOUR, 1320 CENTRE STREET, SUITE 200, NEWTON CENTER MA 02459
Michael D. Trollinger	officer: VP, Corporate Controller, CAO	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202