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Ingredion (NYSE:INGR) Financial Strength

: 6 (As of Sep. 2022)
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Ingredion has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Ingredion's Interest Coverage for the quarter that ended in Sep. 2022 was 7.67. Ingredion's debt to revenue ratio for the quarter that ended in Sep. 2022 was 0.30. As of today, Ingredion's Altman Z-Score is 3.27.


Ingredion (NYSE:INGR) Financial Strength Competitive Comparison

For the Packaged Foods subindustry, Ingredion's Financial Strength, along with its competitors' market caps and Financial Strength 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.

   

Ingredion (NYSE:INGR) Financial Strength Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ingredion's Financial Strength distribution charts can be found below:

* The bar in red indicates where Ingredion's Financial Strength falls into.



Ingredion Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

Ingredion's Interest Expense for the months ended in Sep. 2022 was $-24 Mil. Its Operating Income for the months ended in Sep. 2022 was $184 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $1,739 Mil.

Ingredion's Interest Coverage for the quarter that ended in Sep. 2022 is

Interest Coverage=-1*Operating Income (Q: Sep. 2022 )/Interest Expense (Q: Sep. 2022 )
=-1*184/-24
=7.67

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Ingredion's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(709 + 1739) / 8092
=0.30

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Ingredion has a Z-score of 3.27, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.27 is strong.

* 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.


Ingredion  (NYSE:INGR) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Ingredion has the Financial Strength Rank of 6.


Ingredion Financial Strength Related Terms

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


Ingredion (NYSE:INGR) Business Description

Ingredion logo
Traded in Other Exchanges
Address
5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion manufactures ingredients for the food, beverage, paper, and personal-care industries. Sweeteners (syrups, maltodextrins, dextrose, and polyols) account for about 35% of sales, starches (for food and industrial use) around 45%, and co-products the balance. Value-added, specialty ingredients account for roughly one third of sales, with the balance being commodity-grade ingredients. With the majority of sales outside the U.S., Ingredion is a global player with good exposure to developing markets, including Latin America and Asia-Pacific.
Executives
Magro Charles V. director C/O CORTEVA, INC. 974 CENTRE ROAD, CRP 735 WILMINGTON DE 19805
Gable Davida Marie officer: VP, Controller & Global SS 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Wolfe Nancy officer: SVP and Chief HR Officer 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60015
Jaeger De Foras Tanya Martina officer: Chief Legal Officer, Corp. Sec 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Suever Catherine A director 6035 PARKLAND BOULEVARD CLEVELAND OH 44124
Seip David Eric officer: SVP, Global Ops & CSCO 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Xu Jinghuai officer: SVP, Chief Innovation Officer 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Tanda Stephan B. director C/O PATHEON N.V. HERENGRACHT 483 AMSTERDAM P7 1017 BT
Bawcom Janet officer: SVP, GC and Sec and CCO 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Bastos-licht Valdirene officer: Sr. VP and Pres, Asia-Pacific 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Fernandes Larry officer: Sr VP and Chief Commercial Off 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Adefioye Elizabeth officer: SVP and Chief Human Res Off 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Peres Pousada Ernesto Jr officer: SVP and Pres., South America 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Perez Y Landazuri Pierre officer: SVP and President, EMEA 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Gray James D officer: Executive VP and CFO 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154

Ingredion (NYSE:INGR) Headlines

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