Strauss Group (XTAE:STRS) Interest Coverage : 6.12 (As of Dec. 2023)

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What is Strauss 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. Strauss Group's Operating Income for the three months ended in Dec. 2023 was ₪159 Mil. Strauss Group's Interest Expense for the three months ended in Dec. 2023 was ₪-26 Mil. Strauss Group's interest coverage for the quarter that ended in Dec. 2023 was 6.12. The higher the ratio, the stronger the company's financial strength is.

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

XTAE:STRS' s Interest Coverage Range Over the Past 10 Years
Min: 2.24 Med: 4.81 Max: 9.08
Current: 4.57

XTAE:STRS's Interest Coverage is ranked worse than
63.14% of 1370 companies
in the Consumer Packaged Goods industry
Industry Median: 8.395 vs XTAE:STRS: 4.57

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

Strauss Group Interest Coverage Historical Data

The historical data trend for Strauss 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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Strauss Group Interest Coverage Chart

Strauss Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.21

8.10

9.08

2.24

4.54

Strauss Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.17	6.97	3.56	2.49	6.12

Competitive Comparison of Strauss Group's Interest Coverage

For the Packaged Foods subindustry, Strauss 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.

Strauss Group's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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

Strauss 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.

Strauss 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, Strauss Group's Interest Expense was ₪-128 Mil. Its Operating Income was ₪581 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪2,138 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	581	/	-128
	=	4.54

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

Here, for the three months ended in Dec. 2023, Strauss Group's Interest Expense was ₪-26 Mil. Its Operating Income was ₪159 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪2,138 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	159	/	-26
	=	6.12

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

Strauss Group (XTAE:STRS) 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 .

Strauss Group Interest Coverage Related Terms

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

Strauss Group (XTAE:STRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Strauss Group Ltd (XTAE:STRS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SGLJF:USA

Address

49 Hasivim Street, Kiryat Matalon, P.O. Box 194, Petach Tikva, ISR, 4959504

Website

https://www.strauss-group.com

Strauss Group Ltd is a food and beverage company that holds a portfolio of companies including Strauss Coffee B.V., which produces coffee, teas, and other complementary products, and provides coffee services to hotels, restaurants, cafes, and working places; Strauss Israel, which offers a variety of products such as dairies, snacks, and drinks to Israel food market; Strauss Water, which specializes in drinking water solutions; and PepsiCo-Strauss Fresh Dips and Spreads, which supplies vegetarian dips and fresh foods. Its geographical segments are Israel, and Europe and the Rest of the World, of which the company generates most of its revenue from Israel.