Cosco Capital (PHS:COSCO) Interest Coverage : 5.98 (As of Mar. 2024)

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What is Cosco Capital 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. Cosco Capital's Operating Income for the three months ended in Mar. 2024 was ₱4,444 Mil. Cosco Capital's Interest Expense for the three months ended in Mar. 2024 was ₱-743 Mil. Cosco Capital's interest coverage for the quarter that ended in Mar. 2024 was 5.98. The higher the ratio, the stronger the company's financial strength is.

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

PHS:COSCO' s Interest Coverage Range Over the Past 10 Years
Min: 5.8 Med: 6.88 Max: 30.16
Current: 5.93

PHS:COSCO's Interest Coverage is ranked worse than
59.06% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.335 vs PHS:COSCO: 5.93

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

Cosco Capital Interest Coverage Historical Data

The historical data trend for Cosco Capital'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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Cosco Capital Interest Coverage Chart

Cosco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.81

6.94

5.98

6.73

5.80

Cosco Capital 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															5.79	5.33	5.43	7.28	5.98

Competitive Comparison of Cosco Capital's Interest Coverage

For the Grocery Stores subindustry, Cosco Capital'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.

Cosco Capital's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Cosco Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cosco Capital's Interest Coverage falls into.

Cosco Capital 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.

Cosco Capital'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, Cosco Capital's Interest Expense was ₱-2,891 Mil. Its Operating Income was ₱16,766 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱48,201 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	16766.222	/	-2891.381
	=	5.80

Cosco Capital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Cosco Capital's Interest Expense was ₱-743 Mil. Its Operating Income was ₱4,444 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱49,483 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4443.655	/	-742.72
	=	5.98

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

Cosco Capital (PHS:COSCO) 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 .

Cosco Capital Interest Coverage Related Terms

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

Cosco Capital (PHS:COSCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Cosco Capital Inc (PHS:COSCO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 900 D. Romualdez Street, 2nd Floor, Tabacalera Building Number 2, Paco, Manila, PHL, 1007

Website

https://www.coscocapital.com

Cosco Capital Inc is a holding retail company based out of the Philippines that has operations in wine & liquor distribution, real estate, oil and minerals, and retail establishments. The majority of the company's revenue can be traced back to its grocery chain, which operates under subsidiary Puregold Price Club. The company's chain of grocery stores is complemented by membership-shopping club business and a wine and liquor distributor. Furthermore, the company is able to lease land, commercial buildings, and oil-storage facilities for customers and its own businesses. Cosco's oil and mineral subsidiaries engage in the exploration, development, and production of oil and gas reserves in the Philippines.

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