Select Harvests (ASX:SHV) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

View and export this data going back to 1978. Start your Free Trial

What is Select Harvests 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. Select Harvests's Operating Income for the six months ended in Mar. 2024 was A$-11.2 Mil. Select Harvests's Interest Expense for the six months ended in Mar. 2024 was A$-7.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

ASX:SHV's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.635
* Ranked among companies with meaningful Interest Coverage only.

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

Select Harvests Interest Coverage Historical Data

The historical data trend for Select Harvests'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.

Select Harvests Interest Coverage Chart

Select Harvests Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

Get a 7-Day Free Trial

16.21

9.19

4.23

Select Harvests Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial															3.98	-	-	-	-

Competitive Comparison of Select Harvests's Interest Coverage

For the Packaged Foods subindustry, Select Harvests'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.

Select Harvests's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Select Harvests's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Select Harvests's Interest Coverage falls into.

Select Harvests 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.

Select Harvests's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Select Harvests's Interest Expense was A$-10.2 Mil. Its Operating Income was A$-133.9 Mil. And its Long-Term Debt & Capital Lease Obligation was A$387.5 Mil.

Select Harvests did not have earnings to cover the interest expense.

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

Here, for the six months ended in Mar. 2024, Select Harvests's Interest Expense was A$-7.1 Mil. Its Operating Income was A$-11.2 Mil. And its Long-Term Debt & Capital Lease Obligation was A$444.3 Mil.

Select Harvests did not have earnings to cover the interest expense.

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

Select Harvests (ASX:SHV) 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 .

Select Harvests Interest Coverage Related Terms

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

Select Harvests (ASX:SHV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Select Harvests Ltd (ASX:SHV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SHVTF:USA H0I:Germany

Address

570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121

Website

https://www.selectharvests.com.au

Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.