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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Designer Brands's Operating Income for the three months ended in Jan. 2024 was $-34 Mil. Designer Brands's Interest Expense for the three months ended in Jan. 2024 was $-10 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Designer Brands's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Designer Brands's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Designer Brands Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 16.98 | - | 6.16 | 12.29 | 2.11 |
Designer Brands Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Interest Coverage | Get a 7-Day Free Trial | - | 2.67 | 8.49 | 2.92 | - |
For the Footwear & Accessories subindustry, Designer Brands's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Designer Brands's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Designer Brands's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt (1). |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Designer Brands's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as
Here, for the fiscal year that ended in Jan. 2024, Designer Brands's Interest Expense was $-32 Mil. Its Operating Income was $68 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,067 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jan. 2024 ) | / | Interest Expense (A: Jan. 2024 ) |
= | -1 | * | 67.845 | / | -32.171 | |
= | 2.11 |
Designer Brands's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
Here, for the three months ended in Jan. 2024, Designer Brands's Interest Expense was $-10 Mil. Its Operating Income was $-34 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,067 Mil.
Designer Brands did not have earnings to cover the interest expense. |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's Financial Strength is.
Designer Brands (NYSE:DBI) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thank you for viewing the detailed overview of Designer Brands's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Deborah L Ferree | officer: Pres. & Chief Mdsing Officer | 4150 EAST FIFTH AVE., COLUMBUS OH 43219 |
Mark Haley | officer: SVP, Controller & PAO | 4055 TECHNOLOGY FOREST BLVD., STE. 210, THE WOODLANDS TX 77381 |
William L Jordan | officer: SVP, General Counsel | 810 DSW DRIVE, COLUMBUS OH 43219 |
James S. Weinberg | officer: EVP; Chief Merchandising Ofcr | 810 DSW DR,, COLUMBUS OH 43219 |
Jared A. Poff | officer: SVP, Finance & Interim CFO | DSW INC., 810 DSW DRIVE, COLUMBUS OH 43219 |
Mary Turner | officer: EVP; President, Shoe Company | 810 DSW DRIVE, COLUMBUS OH 43219 |
Harvey L Sonnenberg | other: Director Nominee | 399 THORNALL STREET, EDISON NJ 08837 |
Laura Denk | officer: EVP;Pres DSW Designer ShoeWhse | 810 DSW DRIVE, COLUMBUS OH 43219 |
Tami Fersko | director | 810 DSW DRIVE, COLUMBUS OH 43219 |
Richard A. Paul | director | 80 PINE STREET, SUITE 3202, NEW YORK NY 10005 |
Joanne Zaiac | director | DSW INC., 810 DSW DRIVE, COLUMBUS OH 43219 |
Joanna T Lau | director | 30 MONUMENT SQUARE, SUITE 220, CONCORD MA 01742 |
Douglas M. Howe | officer: EVP, President of DSW | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051-5660 |
Jay L Schottenstein | director, 10 percent owner, officer: Chairman and CEO | 1800 MOLER ROAD, COLUMBUS OH 43207 |
Joseph A. Schottenstein | director | 4300 EAST FIFTH AVENUE, COLUMBUS OH 43219 |
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