National Beverage Corp (FIZZ)
Interest coverage
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 218,510 | 218,510 | 186,684 | 186,684 | 176,054 |
| Interest expense | US$ in thousands | — | — | 242 | 242 | 260 |
| Interest coverage | — | — | 771.42 | 771.42 | 677.13 |
April 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $218,510K ÷ $—K
= —
To analyze National Beverage Corp's interest coverage based on the provided data:
1. The interest coverage ratio for April 30, 2022, was 677.13, indicating that the company was well-positioned to cover its interest expenses by its earnings before interest and taxes (EBIT) over 677 times.
2. The interest coverage ratio improved to 771.42 by April 29, 2023, and remained the same for April 30, 2023, signaling a further strengthening of the company's ability to meet its interest obligations with its operating income.
3. However, there is missing data for April 27, 2024, and April 30, 2024, denoted by "—". This missing data hinders a complete assessment of National Beverage Corp's interest coverage for those periods.
Overall, the trend in National Beverage Corp's interest coverage ratio shows a strong capacity to meet its interest payments comfortably, with a notable uptrend from 2022 to 2023. However, the absence of data for 2024 limits a thorough evaluation of the company's current financial health in terms of interest coverage.
Peer comparison
Apr 30, 2024