Corby Spirit and Wine (TSX:CSW.A) Interest Coverage : 7.33 (As of Dec. 2023)

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What is Corby Spirit and Wine 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. Corby Spirit and Wine's Operating Income for the three months ended in Dec. 2023 was C$11.2 Mil. Corby Spirit and Wine's Interest Expense for the three months ended in Dec. 2023 was C$-1.5 Mil. Corby Spirit and Wine's interest coverage for the quarter that ended in Dec. 2023 was 7.33. The higher the ratio, the stronger the company's financial strength is.

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

TSX:CSW.A' s Interest Coverage Range Over the Past 10 Years
Min: 9.67 Med: 58.18 Max: 233.69
Current: 9.67

TSX:CSW.A's Interest Coverage is ranked better than
52.47% of 162 companies
in the Beverages - Alcoholic industry
Industry Median: 8.79 vs TSX:CSW.A: 9.67

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

Corby Spirit and Wine Interest Coverage Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Interest Coverage Chart

Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

Get a 7-Day Free Trial

71.55

233.69

71.55

138.20

114.93

Corby Spirit and Wine 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															464.96	283.12	23.38	7.18	7.33

Competitive Comparison of Corby Spirit and Wine's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.

Corby Spirit and Wine's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Corby Spirit and Wine's Interest Coverage falls into.

Corby Spirit and Wine 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.

Corby Spirit and Wine's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Corby Spirit and Wine's Interest Expense was C$-0.3 Mil. Its Operating Income was C$31.7 Mil. And its Long-Term Debt & Capital Lease Obligation was C$100.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	31.72	/	-0.276
	=	114.93

Corby Spirit and Wine's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Corby Spirit and Wine's Interest Expense was C$-1.5 Mil. Its Operating Income was C$11.2 Mil. And its Long-Term Debt & Capital Lease Obligation was C$122.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.246	/	-1.534
	=	7.33

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

Corby Spirit and Wine (TSX:CSW.A) 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 .

Corby Spirit and Wine Interest Coverage Related Terms

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

Corby Spirit and Wine (TSX:CSW.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (TSX:CSW.A) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CRBBF:USA CBYDF:USA CSW.B:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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