Asahi Group Holdings (Asahi Group Holdings) Interest Coverage : 24.92 (As of Dec. 2023)

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What is Asahi Group Holdings 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. Asahi Group Holdings's Operating Income for the three months ended in Dec. 2023 was $386 Mil. Asahi Group Holdings's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Asahi Group Holdings's interest coverage for the quarter that ended in Dec. 2023 was 24.92. The higher the ratio, the stronger the company's financial strength is.

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

ASBRF' s Interest Coverage Range Over the Past 10 Years
Min: 9.02 Med: 16.06 Max: 34.81
Current: 13.52

ASBRF's Interest Coverage is ranked better than
58.49% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 8.86 vs ASBRF: 13.52

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

Asahi Group Holdings Interest Coverage Historical Data

The historical data trend for Asahi Group Holdings'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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Asahi Group Holdings Interest Coverage Chart

Asahi Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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15.48

9.02

11.44

12.60

13.52

Asahi Group Holdings 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															10.70	5.78	11.53	19.48	24.92

Competitive Comparison of Asahi Group Holdings's Interest Coverage

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.

Asahi Group Holdings's Interest Coverage Distribution in the Beverages - Alcoholic Industry

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

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

Asahi Group Holdings 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.

Asahi Group Holdings'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, Asahi Group Holdings's Interest Expense was $-126 Mil. Its Operating Income was $1,702 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,091 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1701.607	/	-125.856
	=	13.52

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

Here, for the three months ended in Dec. 2023, Asahi Group Holdings's Interest Expense was $-15 Mil. Its Operating Income was $386 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,091 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	386.195	/	-15.495
	=	24.92

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

Asahi Group Holdings (OTCPK:ASBRF) 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 .

Asahi Group Holdings Interest Coverage Related Terms

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

Asahi Group Holdings (Asahi Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (OTCPK:ASBRF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2502:Japan ABW:Germany

Address

1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602

Website

http://www.asahigroup-holdings.com

Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.