GEN Restaurant Group (GEN Restaurant Group) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is GEN Restaurant Group 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. GEN Restaurant Group's Operating Income for the three months ended in Dec. 2023 was $0.6 Mil. GEN Restaurant Group's Interest Expense for the three months ended in Dec. 2023 was $0.1 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 GEN Restaurant Group's Interest Coverage or its related term are showing as below:

GENK' s Interest Coverage Range Over the Past 10 Years
Min: 9.37 Med: 17.99 Max: 44.38
Current: 17.91

GENK's Interest Coverage is ranked better than
73.85% of 260 companies
in the Restaurants industry
Industry Median: 6.76 vs GENK: 17.91

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

GEN Restaurant Group Interest Coverage Historical Data

The historical data trend for GEN Restaurant Group'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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GEN Restaurant Group Interest Coverage Chart

GEN Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

9.37

44.38

16.90

19.08

GEN Restaurant Group Quarterly Data
	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial								16.48	14.43	14.12	14.76	-

Competitive Comparison of GEN Restaurant Group's Interest Coverage

For the Restaurants subindustry, GEN Restaurant Group'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.

GEN Restaurant Group's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, GEN Restaurant Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GEN Restaurant Group's Interest Coverage falls into.

GEN Restaurant Group 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.

GEN Restaurant Group'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, GEN Restaurant Group's Interest Expense was $-0.6 Mil. Its Operating Income was $11.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $115.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	11.77	/	-0.617
	=	19.08

GEN Restaurant Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, GEN Restaurant Group's Interest Expense was $0.1 Mil. Its Operating Income was $0.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $115.0 Mil.

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

GEN Restaurant Group (NAS:GENK) 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 .

GEN Restaurant Group Interest Coverage Related Terms

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

GEN Restaurant Group (GEN Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » GEN Restaurant Group Inc (NAS:GENK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

11480 South Street, Suite 205, Cerritos, CA, USA, 90703

Website

https://www.genkoreanbbq.com

GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jonathan Gregory	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas Croal	officer: Chief Financial Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jae Chang	director, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Michael Cowan	director	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jose Manzanarez	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Don Kim	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Juhee Han	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Lauren Wang	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Ichibon Trading, Llc	10 percent owner	2711 VILLA PISA LN, LEAGUE CITY TX 77573-3293
Kim David Wook Jin	director, 10 percent owner, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703