Isfelag hfs (OISE:ISF) Interest Coverage : 10.43 (As of Dec. 2023)

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What is Isfelag hfs 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. Isfelag hfs's Operating Income for the six months ended in Dec. 2023 was kr3,362 Mil. Isfelag hfs's Interest Expense for the six months ended in Dec. 2023 was kr-322 Mil. Isfelag hfs's interest coverage for the quarter that ended in Dec. 2023 was 10.43. The higher the ratio, the stronger the company's financial strength is.

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

OISE:ISF' s Interest Coverage Range Over the Past 10 Years
Min: 4.13 Med: 10.07 Max: 17.71
Current: 10.07

OISE:ISF's Interest Coverage is ranked better than
53.65% of 1370 companies
in the Consumer Packaged Goods industry
Industry Median: 8.395 vs OISE:ISF: 10.07

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

Isfelag hfs Interest Coverage Historical Data

The historical data trend for Isfelag hfs'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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Isfelag hfs Interest Coverage Chart

Isfelag hfs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

4.13

N/A

17.71

10.07

Isfelag hfs Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Interest Coverage	N/A	N/A	N/A	9.83	10.43

Competitive Comparison of Isfelag hfs's Interest Coverage

For the Packaged Foods subindustry, Isfelag hfs'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.

Isfelag hfs's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Isfelag hfs's Interest Coverage falls into.

Isfelag hfs 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.

Isfelag hfs'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, Isfelag hfs's Interest Expense was kr-793 Mil. Its Operating Income was kr7,988 Mil. And its Long-Term Debt & Capital Lease Obligation was kr17,397 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	7988.128	/	-793.287
	=	10.07

Isfelag hfs's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Isfelag hfs's Interest Expense was kr-322 Mil. Its Operating Income was kr3,362 Mil. And its Long-Term Debt & Capital Lease Obligation was kr17,397 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3361.946	/	-322.338
	=	10.43

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

Isfelag hfs (OISE:ISF) 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 .

Isfelag hfs Interest Coverage Related Terms

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

Isfelag hfs (OISE:ISF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangagata 1, Vestmannaeyjar, ISL, 900

Website

https://www.isfelag.is

Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs (OISE:ISF) Headlines

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