Cracker Barrel Old Country Store (CBRL)
Interest coverage
| Aug 2, 2024 | Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 45,119 | 64,140 | 100,202 | 108,411 | 120,617 | 112,352 | 126,016 | 133,709 | 153,003 | 182,699 | 204,735 | 172,466 | 366,659 | 344,070 | 212,604 | 277,344 | 97,631 | 136,922 | 280,983 | 278,559 |
| Interest expense (ttm) | US$ in thousands | 1,752 | 1,746 | 1,742 | 1,735 | 1,730 | 3,916 | 3,897 | 3,898 | 3,946 | 26,290 | 35,489 | 45,872 | 56,108 | 41,088 | 36,772 | 29,462 | 22,327 | 16,234 | 15,047 | 15,719 |
| Interest coverage | 25.75 | 36.74 | 57.52 | 62.48 | 69.72 | 28.69 | 32.34 | 34.30 | 38.77 | 6.95 | 5.77 | 3.76 | 6.53 | 8.37 | 5.78 | 9.41 | 4.37 | 8.43 | 18.67 | 17.72 |
August 2, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $45,119K ÷ $1,752K
= 25.75
The interest coverage ratio for Cracker Barrel Old Country Store has exhibited fluctuations over the past several quarters. In general, a higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations from its operating income.
Looking at the data provided, the interest coverage ratio has shown a strong performance in recent quarters, with figures ranging from 25.75 to 69.72. This suggests a healthy ability to cover interest expenses with operating income during these periods.
However, there are some quarters where the interest coverage ratio dropped significantly below average, such as in January 2022, October 2021, and July 2021. This may indicate some periods of lower financial stability or potential challenges in meeting interest obligations with earnings during those specific quarters.
Overall, the trend in Cracker Barrel Old Country Store's interest coverage ratio displays a mix of strong performance and potential areas of concern. Further analysis of the company's financial health and overall leverage may be necessary to provide a more comprehensive assessment.
Peer comparison
Aug 2, 2024