Laurent-Perrier (XPAR:LPE) Interest Coverage : 12.07 (As of Sep. 2023)

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What is Laurent-Perrier 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. Laurent-Perrier's Operating Income for the six months ended in Sep. 2023 was €56.9 Mil. Laurent-Perrier's Interest Expense for the six months ended in Sep. 2023 was €-4.7 Mil. Laurent-Perrier's interest coverage for the quarter that ended in Sep. 2023 was 12.07. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Laurent-Perrier's Interest Coverage or its related term are showing as below:

XPAR:LPE' s Interest Coverage Range Over the Past 10 Years
Min: 5.32 Med: 6.05 Max: 14.65
Current: 11.38

XPAR:LPE's Interest Coverage is ranked better than
55.9% of 161 companies
in the Beverages - Alcoholic industry
Industry Median: 8.16 vs XPAR:LPE: 11.38

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

Laurent-Perrier Interest Coverage Historical Data

The historical data trend for Laurent-Perrier'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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Laurent-Perrier Interest Coverage Chart

Laurent-Perrier Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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5.59

5.68

5.84

10.53

14.65

Laurent-Perrier Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															10.35	10.69	19.65	10.35	12.07

Competitive Comparison of Laurent-Perrier's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Laurent-Perrier'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.

Laurent-Perrier's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Laurent-Perrier's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Laurent-Perrier's Interest Coverage falls into.

Laurent-Perrier 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.

Laurent-Perrier's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Laurent-Perrier's Interest Expense was €-5.8 Mil. Its Operating Income was €85.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €279.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	85.24	/	-5.82
	=	14.65

Laurent-Perrier's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Laurent-Perrier's Interest Expense was €-4.7 Mil. Its Operating Income was €56.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	56.86	/	-4.71
	=	12.07

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

Laurent-Perrier (XPAR:LPE) 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 .

Laurent-Perrier Interest Coverage Related Terms

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

Laurent-Perrier (XPAR:LPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Laurent-Perrier (XPAR:LPE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

LPRRF:USA LPE:Germany

Address

32, Avenue de Champagne, Tours-sur-Marne, FRA, F-51150

Website

https://www.laurent-perrier.com

Laurent-Perrier is a French company which is active in the production and sale of champagne. The company's products are sold under four main brands namely LaurentPerrier, Salon, Delamotte, and Champagne de Castellane. It exports its products through specialized distribution channels such as cafes, hotels and restaurants, wine merchants, and direct sales. The company has organized its business into three different types of entity i.e. champagne houses including Champagne Laurent Perrier and Champagne de Castellane; distribution subsidiaries or subsidiaries or branches in France and several foreign markets and vineyards, held either directly through real-estate companies. The company generates its revenue through wholesale sales to distributors and agents and retail sales.

Laurent-Perrier (XPAR:LPE) Headlines

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