National Beverage Corp (FIZZ)
Interest coverage
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 132,922 | 185,847 | 236,154 | 214,820 | 197,135 | 198,509 | 211,306 | 226,229 | 229,356 | 223,906 | 205,236 | 186,566 | 184,640 | 182,714 | 184,758 | 186,802 | 185,150 | 178,923 | 173,141 | 178,224 |
| Interest expense (ttm) | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 726 | 1,452 | 1,934 | 2,416 | 1,776 | 1,136 | 738 | 340 | 411 | 325 | 241 | 157 |
| Interest coverage | — | — | — | — | — | — | — | — | 315.92 | 154.21 | 106.12 | 77.22 | 103.96 | 160.84 | 250.35 | 549.42 | 450.49 | 550.53 | 718.43 | 1,135.18 |
January 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $132,922K ÷ $0K
= —
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. National Beverage Corp's interest coverage has shown a decreasing trend over the past few periods, starting at a strong level of 1,135.18 in April 2022 and declining to 77.22 in April 2023. This indicates that the company's ability to cover its interest expenses decreased significantly during this period.
The significant drop in the interest coverage ratio may raise concerns about the company's financial health and ability to meet its debt obligations. A lower interest coverage ratio suggests that National Beverage Corp may be at higher risk of defaulting on its debt payments if its earnings continue to decline.
It is worth noting that in the latest available data, some periods show an "NA" value, which means that the interest coverage ratio is either very small or negative, making it difficult to assess the company's financial position accurately. This lack of information for the more recent periods adds uncertainty to the analysis of National Beverage Corp's interest coverage.
In conclusion, National Beverage Corp's interest coverage ratio has experienced a significant decline over the periods reported, raising concerns about the company's ability to meet its financial obligations and potentially indicating financial difficulties. Additional information and further analysis would be necessary to fully understand the implications of this trend.
Peer comparison
Jan 31, 2025