Alico (ALCO) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Alico 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. Alico's Operating Income for the three months ended in Dec. 2023 was $-17.53 Mil. Alico's Interest Expense for the three months ended in Dec. 2023 was $-1.61 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

ALCO's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.39
* Ranked among companies with meaningful Interest Coverage only.

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

Alico Interest Coverage Historical Data

The historical data trend for Alico'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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Alico Interest Coverage Chart

Alico Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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6.30

1.16

3.62

Alico 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															-	-	10.51	-	-

Competitive Comparison of Alico's Interest Coverage

For the Farm Products subindustry, Alico'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.

Alico's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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

Alico 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.

Alico's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Alico's Interest Expense was $-4.91 Mil. Its Operating Income was $-4.20 Mil. And its Long-Term Debt & Capital Lease Obligation was $126.13 Mil.

Alico did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Alico's Interest Expense was $-1.61 Mil. Its Operating Income was $-17.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $83.30 Mil.

Alico did not have earnings to cover the interest expense.

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

Alico (NAS:ALCO) 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 .

Alico Interest Coverage Related Terms

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

Alico (ALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alico Inc (NAS:ALCO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

10070 Daniels Interstate Court, Suite 100, Fort Myers, FL, USA, 33913

Website

https://www.alicoinc.com

Alico Inc is a Florida-based agribusiness and land management company that primarily focuses on citrus production and grove conservation. The company operates through two primary business units: Alico Citrus and Land Management and Other Operations. The Alico Citrus segment engages in cultivation of citrus trees and delivers citrus to the processed and fresh citrus markets. It mainly serves the processed market and sells primarily Hamlin oranges and the Valencia variety to the orange juice processors. The Land Management and Other Operations segment engages in land leasing for recreational, conservation, and mining activities. Alico Citrus delivers most of the revenue as the firm's primary operating business unit.

Executives

Katherine English	director	7951 DENI DRIVE, NORTH FORT MYERS FL 33917
Adam Putnam	director	ONE WATERFOWL WAY, MEMPHIS TN 38120
Bradley Heine	officer: Chief Financial Officer	C/O ALICO, INC., 10070 DANIELS INTERSTATE COURT, STE 200, FORT MYERS FL 33913
Vecchio Perry Del	officer: Chief Financial Officer	3207 PACIFIC DR, NAPLES FL 34119
Arlon Valencia Holdings Llc	director	C/O ARLON GROUP 277 PARK AVENUE, NEW YORK NY 10172
Remy W Trafelet	director, 10 percent owner	C/O TRAFELET BROKAW CAPITAL MANAGEMENT,, 410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
734 Investors, Llc	director, 10 percent owner	C/O 734 AGRICULTURE, LLC, 410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Toby K Purse	director	1276 OSCEOLA DRIVE, FORT MYERS FL 33901
Benjamin D Fishman	director	6 WILLOW PLACE, BROOKLYN NY 11201
George R Brokaw	director, 10 percent owner	DISH NETWORK CORPORATION, 9601 S MERIDIAN BLVD, ENGLEWOOD CO 80112
734 Agriculture, Llc	director, 10 percent owner	410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Daniel Keith Sutton	officer: President of Citrus	5289 RIVER BLOSSOM LANE, LABELLE FL 33935
Joseph Sambuco	director	10070 DANIELS INTERSTATE COURT, FT MYERS FL 33913
Richard Rallo	officer: Chief Accounting Officer	3265 LARSON BLVD, OCEANSIDE NY 11572
Clayton G Wilson	director, officer: Chief Executive Officer	C/O THE LATT MAXCY CORPORATION, 21299 US HIGHWAY 27, LAKE WALES FL 33859