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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. Procter & Gamble Co's Operating Income for the three months ended in Sep. 2024 was $5,797 Mil. Procter & Gamble Co's Interest Expense for the three months ended in Sep. 2024 was $-238 Mil. Procter & Gamble Co's interest coverage for the quarter that ended in Sep. 2024 was 24.36. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Procter & Gamble Co's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Procter & Gamble Co'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.
Procter & Gamble Co Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 33.78 | 35.83 | 40.58 | 23.99 | 21.50 |
Procter & Gamble Co Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Interest Coverage | Get a 7-Day Free Trial | 25.63 | 23.29 | 19.14 | 17.66 | 24.36 |
For the Household & Personal Products subindustry, Procter & Gamble Co'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Procter & Gamble Co's Interest Coverage falls into.
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.
Procter & Gamble Co's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as
Here, for the fiscal year that ended in Jun. 2024, Procter & Gamble Co's Interest Expense was $-925 Mil. Its Operating Income was $19,886 Mil. And its Long-Term Debt & Capital Lease Obligation was $25,935 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jun. 2024 ) | / | Interest Expense (A: Jun. 2024 ) |
= | -1 | * | 19886 | / | -925 | |
= | 21.50 |
Procter & Gamble Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as
Here, for the three months ended in Sep. 2024, Procter & Gamble Co's Interest Expense was $-238 Mil. Its Operating Income was $5,797 Mil. And its Long-Term Debt & Capital Lease Obligation was $25,744 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2024 ) | / | Interest Expense (Q: Sep. 2024 ) |
= | -1 | * | 5797 | / | -238 | |
= | 24.36 |
* 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.
Procter & Gamble Co (NYSE:PG) 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 .
Thank you for viewing the detailed overview of Procter & Gamble Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Jon R Moeller | officer: Chief Financial Officer | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Andre Schulten | officer: Chief Financial Officer | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Shailesh Jejurikar | officer: President - Global Fabric Care | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
R. Alexandra Keith | officer: President Global Hair & Beauty | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Gary A Coombe | officer: President-Europe SMO | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Ma. Fatima Francisco | officer: President - Global Baby | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Sundar G. Raman | officer: CEO-Fabric & Home Care | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Balaji Purushothaman | officer: Chief Human Resources Officer | 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Marc S. Pritchard | officer: Global Marketing Officer | ONE PROCTER AND GAMBLE PLAZA, CINCINNATI OH 45202 |
Aguilar Moses Victor Javier | officer: Chf Rsch, Dev & Innov Officer | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Jennifer L. Davis | officer: CEO - Health Care | 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Susan Street Whaley | officer: Chief Legal Officer & Secy | 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Matthew W. Janzaruk | officer: SVP - Chief Accounting Officer | 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
M. Brett Biggs | director | 702 SW 8TH STREET, BENTONVILLE AR 72716 |
Sheila Bonini | director | 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
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