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Delmon Poultry Co BSC (BAH:POLTRY) Interest Coverage : 17.53 (As of Mar. 2024)


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What is Delmon Poultry Co BSC 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. Delmon Poultry Co BSC's Operating Income for the three months ended in Mar. 2024 was BHD0.33 Mil. Delmon Poultry Co BSC's Interest Expense for the three months ended in Mar. 2024 was BHD-0.02 Mil. Delmon Poultry Co BSC's interest coverage for the quarter that ended in Mar. 2024 was 17.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Delmon Poultry Co BSC's Interest Coverage or its related term are showing as below:

BAH:POLTRY' s Interest Coverage Range Over the Past 10 Years
Min: 1.49   Med: 49.19   Max: No Debt
Current: 3.71


BAH:POLTRY's Interest Coverage is ranked worse than
70.14% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.61 vs BAH:POLTRY: 3.71

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


Delmon Poultry Co BSC Interest Coverage Historical Data

The historical data trend for Delmon Poultry Co BSC'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.

* Premium members only.

Delmon Poultry Co BSC Interest Coverage Chart

Delmon Poultry Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 31.13 3.08 4.40 1.49

Delmon Poultry Co BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial 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 8.75 - - 8.58 17.53

Competitive Comparison of Delmon Poultry Co BSC's Interest Coverage

For the Packaged Foods subindustry, Delmon Poultry Co BSC'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.


Delmon Poultry Co BSC's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Delmon Poultry Co BSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Delmon Poultry Co BSC's Interest Coverage falls into.



Delmon Poultry Co BSC 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.

Delmon Poultry Co BSC's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Delmon Poultry Co BSC's Interest Expense was BHD-0.09 Mil. Its Operating Income was BHD0.14 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.61 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*0.14/-0.094
=1.49

Delmon Poultry Co BSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Delmon Poultry Co BSC's Interest Expense was BHD-0.02 Mil. Its Operating Income was BHD0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.58 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*0.333/-0.019
=17.53

* 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.


Delmon Poultry Co BSC  (BAH:POLTRY) 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 .


Delmon Poultry Co BSC Interest Coverage Related Terms

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


Delmon Poultry Co BSC (BAH:POLTRY) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 20535, Hamala, BHR
Delmon Poultry Co BSC formely, Delmon Poultry Co is engaged in the processing, packing, and storing frozen chicken. The company operates through four business segments which include Chicken, Feed, Chicks, and Investments. It offers varieties of chicken products such as Chicken Legs, Liver, Thighs, Chopped Chicken and Chicken Wings. The company's chicken processing plant is located at Hamala, Feedmill at Mina Salman and Chicks hatchery at Al-Buhair, in the Kingdom of Bahrain. The majority of the revenue is generated from the Chicken segment.

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