Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Reynolds American Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Reynolds American Inc. debt to equity ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Reynolds American Inc. debt to capital ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Reynolds American Inc. debt to assets ratio deteriorated from Q3 2016 to Q4 2016 but then improved from Q4 2016 to Q1 2017 exceeding Q3 2016 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Reynolds American Inc. financial leverage ratio decreased from Q3 2016 to Q4 2016 but then increased from Q4 2016 to Q1 2017 not reaching Q3 2016 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Reynolds American Inc. interest coverage ratio improved from Q3 2016 to Q4 2016 but then deteriorated significantly from Q4 2016 to Q1 2017. |
Debt to Equity
Reynolds American Inc., debt to equity calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revolving credit facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 400) | 800) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Current maturities of long-term debt | 501) | 501) | 502) | 501) | 503) | 506) | 958) | 450) | 450) | 450) | —) | —) | —) | —) | 1,009) | 60) | 60) | 60) | 685) | 624) | 453) | |||||||
| Term-loan credit facility | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 150) | 500) | —) | —) | 650) | 750) | —) | |||||||
| Long-term debt, less current maturities | 12,651) | 12,664) | 12,677) | 13,192) | 13,213) | 16,941) | 16,972) | 17,550) | 4,629) | 4,633) | 5,087) | 5,091) | 5,095) | 5,099) | 5,103) | 5,022) | 5,028) | 5,035) | 2,502) | 2,569) | 3,200) | |||||||
| Total debt | 13,152) | 13,165) | 13,179) | 13,693) | 13,716) | 17,447) | 17,930) | 18,000) | 5,079) | 5,083) | 5,487) | 5,891) | 5,095) | 5,099) | 6,262) | 5,582) | 5,088) | 5,095) | 3,837) | 3,943) | 3,653) | |||||||
| Shareholders’ equity | 21,706) | 21,711) | 21,544) | 21,400) | 21,163) | 18,252) | 18,477) | 18,326) | 4,519) | 4,522) | 4,993) | 4,895) | 5,013) | 5,167) | 5,080) | 5,096) | 5,118) | 5,257) | 5,731) | 5,891) | 6,028) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.61 | 0.61 | 0.61 | 0.64 | 0.65 | 0.96 | 0.97 | 0.98 | 1.12 | 1.12 | 1.10 | 1.20 | 1.02 | 0.99 | 1.23 | 1.10 | 0.99 | 0.97 | 0.67 | 0.67 | 0.61 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 13,152 ÷ 21,706 = 0.61
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Reynolds American Inc. debt to equity ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
Debt to Capital
Reynolds American Inc., debt to capital calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revolving credit facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 400) | 800) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Current maturities of long-term debt | 501) | 501) | 502) | 501) | 503) | 506) | 958) | 450) | 450) | 450) | —) | —) | —) | —) | 1,009) | 60) | 60) | 60) | 685) | 624) | 453) | |||||||
| Term-loan credit facility | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 150) | 500) | —) | —) | 650) | 750) | —) | |||||||
| Long-term debt, less current maturities | 12,651) | 12,664) | 12,677) | 13,192) | 13,213) | 16,941) | 16,972) | 17,550) | 4,629) | 4,633) | 5,087) | 5,091) | 5,095) | 5,099) | 5,103) | 5,022) | 5,028) | 5,035) | 2,502) | 2,569) | 3,200) | |||||||
| Total debt | 13,152) | 13,165) | 13,179) | 13,693) | 13,716) | 17,447) | 17,930) | 18,000) | 5,079) | 5,083) | 5,487) | 5,891) | 5,095) | 5,099) | 6,262) | 5,582) | 5,088) | 5,095) | 3,837) | 3,943) | 3,653) | |||||||
| Shareholders’ equity | 21,706) | 21,711) | 21,544) | 21,400) | 21,163) | 18,252) | 18,477) | 18,326) | 4,519) | 4,522) | 4,993) | 4,895) | 5,013) | 5,167) | 5,080) | 5,096) | 5,118) | 5,257) | 5,731) | 5,891) | 6,028) | |||||||
| Total capital | 34,858) | 34,876) | 34,723) | 35,093) | 34,879) | 35,699) | 36,407) | 36,326) | 9,598) | 9,605) | 10,480) | 10,786) | 10,108) | 10,266) | 11,342) | 10,678) | 10,206) | 10,352) | 9,568) | 9,834) | 9,681) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.38 | 0.38 | 0.38 | 0.39 | 0.39 | 0.49 | 0.49 | 0.50 | 0.53 | 0.53 | 0.52 | 0.55 | 0.50 | 0.50 | 0.55 | 0.52 | 0.50 | 0.49 | 0.40 | 0.40 | 0.38 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,152 ÷ 34,858 = 0.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Reynolds American Inc. debt to capital ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
Debt to Assets
Reynolds American Inc., debt to assets calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revolving credit facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 400) | 800) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Current maturities of long-term debt | 501) | 501) | 502) | 501) | 503) | 506) | 958) | 450) | 450) | 450) | —) | —) | —) | —) | 1,009) | 60) | 60) | 60) | 685) | 624) | 453) | |||||||
| Term-loan credit facility | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 150) | 500) | —) | —) | 650) | 750) | —) | |||||||
| Long-term debt, less current maturities | 12,651) | 12,664) | 12,677) | 13,192) | 13,213) | 16,941) | 16,972) | 17,550) | 4,629) | 4,633) | 5,087) | 5,091) | 5,095) | 5,099) | 5,103) | 5,022) | 5,028) | 5,035) | 2,502) | 2,569) | 3,200) | |||||||
| Total debt | 13,152) | 13,165) | 13,179) | 13,693) | 13,716) | 17,447) | 17,930) | 18,000) | 5,079) | 5,083) | 5,487) | 5,891) | 5,095) | 5,099) | 6,262) | 5,582) | 5,088) | 5,095) | 3,837) | 3,943) | 3,653) | |||||||
| Total assets | 51,959) | 51,095) | 51,792) | 51,772) | 54,408) | 53,224) | 53,774) | 54,558) | 15,850) | 15,196) | 15,332) | 15,301) | 15,799) | 15,402) | 16,592) | 15,532) | 16,778) | 16,557) | 15,394) | 15,234) | 16,672) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.25 | 0.26 | 0.25 | 0.26 | 0.25 | 0.33 | 0.33 | 0.33 | 0.32 | 0.33 | 0.36 | 0.39 | 0.32 | 0.33 | 0.38 | 0.36 | 0.30 | 0.31 | 0.25 | 0.26 | 0.22 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,152 ÷ 51,959 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Reynolds American Inc. debt to assets ratio deteriorated from Q3 2016 to Q4 2016 but then improved from Q4 2016 to Q1 2017 exceeding Q3 2016 level. |
Financial Leverage
Reynolds American Inc., financial leverage calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 51,959) | 51,095) | 51,792) | 51,772) | 54,408) | 53,224) | 53,774) | 54,558) | 15,850) | 15,196) | 15,332) | 15,301) | 15,799) | 15,402) | 16,592) | 15,532) | 16,778) | 16,557) | 15,394) | 15,234) | 16,672) | |||||||
| Shareholders’ equity | 21,706) | 21,711) | 21,544) | 21,400) | 21,163) | 18,252) | 18,477) | 18,326) | 4,519) | 4,522) | 4,993) | 4,895) | 5,013) | 5,167) | 5,080) | 5,096) | 5,118) | 5,257) | 5,731) | 5,891) | 6,028) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 2.39 | 2.35 | 2.40 | 2.42 | 2.57 | 2.92 | 2.91 | 2.98 | 3.51 | 3.36 | 3.07 | 3.13 | 3.15 | 2.98 | 3.27 | 3.05 | 3.28 | 3.15 | 2.69 | 2.59 | 2.77 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 51,959 ÷ 21,706 = 2.39
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Reynolds American Inc. financial leverage ratio decreased from Q3 2016 to Q4 2016 but then increased from Q4 2016 to Q1 2017 not reaching Q3 2016 level. |
Interest Coverage
Reynolds American Inc., interest coverage calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 780) | 851) | 861) | 796) | 3,565) | 279) | 657) | 1,928) | 389) | 148) | 467) | 492) | 363) | 292) | 457) | 461) | 508) | 139) | 420) | 443) | 270) | |||||||
| Less: Income from discontinued operations, net of tax | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 25) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Add: Income tax expense | 395) | 487) | 507) | 470) | 2,154) | 231) | 358) | 2,311) | 231) | 61) | 280) | 283) | 193) | 168) | 263) | 271) | 321) | 46) | 243) | 233) | 159) | |||||||
| Add: Interest and debt expense | 149) | 150) | 150) | 152) | 174) | 185) | 189) | 105) | 91) | 89) | 76) | 62) | 59) | 66) | 66) | 65) | 62) | 64) | 56) | 58) | 56) | |||||||
| Earnings before interest and tax (EBIT) | 1,324) | 1,488) | 1,518) | 1,418) | 5,893) | 695) | 1,204) | 4,344) | 711) | 298) | 823) | 837) | 590) | 526) | 786) | 797) | 891) | 249) | 719) | 734) | 485) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 9.56 | 16.48 | 14.41 | 13.16 | 18.58 | 12.20 | 13.83 | 17.11 | 8.39 | 8.91 | 10.56 | 10.83 | 10.54 | 11.58 | 10.60 | 10.75 | 10.80 | 9.35 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Interest coverage
= (EBITQ1 2017
+ EBITQ4 2016
+ EBITQ3 2016
+ EBITQ2 2016)
÷ (Interest expenseQ1 2017
+ Interest expenseQ4 2016
+ Interest expenseQ3 2016
+ Interest expenseQ2 2016)
= (1,324 + 1,488 + 1,518 + 1,418)
÷ (149 + 150 + 150 + 152)
= 9.56
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Reynolds American Inc. interest coverage ratio improved from Q3 2016 to Q4 2016 but then deteriorated significantly from Q4 2016 to Q1 2017. |