Campbell Soup Company Common Stock (CPB)
Interest coverage
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,006,000 | 1,202,000 | 1,205,000 | 1,238,000 | 1,316,000 | 1,212,000 | 1,252,000 | 1,225,000 | 1,164,000 | 1,405,000 | 1,376,000 | 1,455,000 | 1,540,000 | 1,297,000 | 1,306,000 | 2,294,000 | 2,147,000 | 2,060,000 | 1,991,000 | 691,000 |
| Interest expense (ttm) | US$ in thousands | 249,000 | 214,000 | 191,000 | 190,000 | 188,000 | 184,000 | 188,000 | 189,000 | 189,000 | 191,000 | 193,000 | 202,000 | 210,000 | 224,000 | 226,000 | 320,000 | 345,000 | 369,000 | 403,000 | 345,000 |
| Interest coverage | 4.04 | 5.62 | 6.31 | 6.52 | 7.00 | 6.59 | 6.66 | 6.48 | 6.16 | 7.36 | 7.13 | 7.20 | 7.33 | 5.79 | 5.78 | 7.17 | 6.22 | 5.58 | 4.94 | 2.00 |
July 28, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,006,000K ÷ $249,000K
= 4.04
The interest coverage ratio for Campbell Soup Company Common Stock has exhibited some fluctuation over the past few quarters. The ratio has generally remained above 5, indicating the company's ability to comfortably meet its interest obligations with operating profits. However, there was a notable decrease in the ratio in the most recent quarter compared to the previous quarters. This may suggest a potential decrease in the company's ability to cover its interest expenses from its operating income. Overall, it is important for investors and stakeholders to closely monitor the interest coverage ratio to assess the company's financial health and ability to handle debt obligations.
Peer comparison
Jul 28, 2024