National Beverage Corp (FIZZ)
Interest coverage
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 218,509 | 214,433 | 210,686 | 203,310 | 186,684 | 183,106 | 179,368 | 184,006 | 207,856 | 213,986 | 221,453 | 231,482 | 227,825 | 222,736 | 208,818 | 189,944 | 168,631 | 156,940 | 154,950 | 165,578 |
| Interest expense (ttm) | US$ in thousands | 0 | 726 | 1,208 | 1,294 | 1,378 | 809 | 327 | 241 | 157 | 220 | 220 | 220 | 496 | 427 | 478 | 528 | 302 | 202 | 202 | 203 |
| Interest coverage | — | 295.36 | 174.41 | 157.12 | 135.47 | 226.34 | 548.53 | 763.51 | 1,323.92 | 972.66 | 1,006.60 | 1,052.19 | 459.32 | 521.63 | 436.86 | 359.74 | 558.38 | 776.93 | 767.08 | 815.66 |
April 27, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $218,509K ÷ $0K
= —
The interest coverage ratio for National Beverage Corp shows a fluctuating trend over the periods provided. The ratio, which indicates the company's ability to meet its interest obligations with its earnings, has ranged from a low of 135.47 to a high of 1,323.92.
A higher interest coverage ratio suggests that the company is more capable of servicing its interest payments from its operating earnings, indicating a lower default risk. National Beverage Corp's interest coverage ratio has generally been strong, with some periods showing exceptionally high coverage levels, such as 1,323.92 and 1,052.19.
However, it is worth noting that there are instances where the interest coverage ratio dropped significantly, which could indicate increased financial risk or the need for further analysis. Overall, a consistent monitoring of National Beverage Corp's interest coverage ratio is crucial for evaluating its financial health and ability to meet its debt obligations.
Peer comparison
Apr 27, 2024