Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Interest Coverage

: 18.62 (As of Dec. 2023)

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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. Coca-Cola Europacific Partners's Operating Income for the six months ended in Dec. 2023 was $1,381 Mil. Coca-Cola Europacific Partners's Interest Expense for the six months ended in Dec. 2023 was $-74 Mil. Coca-Cola Europacific Partners's interest coverage for the quarter that ended in Dec. 2023 was 18.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Coca-Cola Europacific Partners's Interest Coverage or its related term are showing as below:

CCEP' s Interest Coverage Range Over the Past 10 Years
Min: 5.87 Med: 9.56 Max: 15.04
Current: 15.04

CCEP's Interest Coverage is ranked worse than
55.84% of 77 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 17.45 vs CCEP: 15.04

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

Coca-Cola Europacific Partners Interest Coverage Historical Data

The historical data trend for Coca-Cola Europacific Partners'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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Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

11.30

9.42

11.12

13.78

15.04

Coca-Cola Europacific Partners Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage																15.75	10.40	18.35	12.45	18.62

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners Interest Coverage Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Coca-Cola Europacific Partners's Interest Coverage falls into.

Coca-Cola Europacific Partners 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.

Coca-Cola Europacific Partners'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, Coca-Cola Europacific Partners's Interest Expense was $-177 Mil. Its Operating Income was $2,656 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,010 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2656.489	/	-176.663
	=	15.04

Coca-Cola Europacific Partners's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Coca-Cola Europacific Partners's Interest Expense was $-74 Mil. Its Operating Income was $1,381 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,010 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1380.589	/	-74.155
	=	18.62

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

Coca-Cola Europacific Partners (NAS:CCEP) 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 .

Coca-Cola Europacific Partners Interest Coverage Related Terms

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

Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.