Barry Callebaut AG (XSWX:BARN) Interest Coverage : 3.75 (As of Feb. 2024)

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What is Barry Callebaut AG 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. Barry Callebaut AG's Operating Income for the six months ended in Feb. 2024 was CHF320 Mil. Barry Callebaut AG's Interest Expense for the six months ended in Feb. 2024 was CHF-85 Mil. Barry Callebaut AG's interest coverage for the quarter that ended in Feb. 2024 was 3.75. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Barry Callebaut AG's Interest Coverage or its related term are showing as below:

XSWX:BARN' s Interest Coverage Range Over the Past 10 Years
Min: 3.62 Med: 4.74 Max: 6.33
Current: 4.66

XSWX:BARN's Interest Coverage is ranked worse than
62.85% of 1370 companies
in the Consumer Packaged Goods industry
Industry Median: 8.56 vs XSWX:BARN: 4.66

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

Barry Callebaut AG Interest Coverage Historical Data

The historical data trend for Barry Callebaut AG'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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Barry Callebaut AG Interest Coverage Chart

Barry Callebaut AG Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Coverage

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4.31

5.16

6.33

6.31

5.74

Barry Callebaut AG Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Coverage	Get a 7-Day Free Trial															5.13	8.19	5.44	6.10	3.75

Competitive Comparison of Barry Callebaut AG's Interest Coverage

For the Confectioners subindustry, Barry Callebaut AG'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.

Barry Callebaut AG's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Barry Callebaut AG's Interest Coverage falls into.

Barry Callebaut AG 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.

Barry Callebaut AG's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Barry Callebaut AG's Interest Expense was CHF-119 Mil. Its Operating Income was CHF682 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF1,136 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Aug. 2023 )	/	Interest Expense (A: Aug. 2023 )
	=	-1	*	682.481	/	-118.895
	=	5.74

Barry Callebaut AG's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the six months ended in Feb. 2024, Barry Callebaut AG's Interest Expense was CHF-85 Mil. Its Operating Income was CHF320 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF2,032 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	320.044	/	-85.429
	=	3.75

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

Barry Callebaut AG (XSWX:BARN) 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 .

Barry Callebaut AG Interest Coverage Related Terms

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

Barry Callebaut AG (XSWX:BARN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Barry Callebaut AG (XSWX:BARN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BRRLY:USA BYCBF:USA BARNz:UK 0QO7:UK BCLM:Germany

Address

Hardturmstrasse 181, Zurich, CHE, 8005

Website

https://www.barry-callebaut.com

Barry Callebaut is a significant manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage makers as well as craftspeople, chocolatiers, pastry chefs, and bakers who utilize chocolate professionally. Barry Callebaut is vertically integrated from raw material (cocoa bean) procurement through chocolate manufacture, while not owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods. Barry Callebaut's sustainability endeavors are reflected in the fact that the company's Sustainalytics ESG Risk Rating is one of the lowest in its subcategory and first among its peers.

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