Foot Locker (WBO:FOOT) Interest Expense : €-8 Mil (TTM As of Apr. 2024)

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What is Foot Locker Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Foot Locker's interest expense for the three months ended in Apr. 2024 was € -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was €-8 Mil.

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. Foot Locker's Operating Income for the three months ended in Apr. 2024 was € 23 Mil. Foot Locker's Interest Expense for the three months ended in Apr. 2024 was € -1 Mil. Foot Locker's Interest Coverage for the quarter that ended in Apr. 2024 was 25.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Foot Locker Interest Expense Historical Data

The historical data trend for Foot Locker's Interest Expense 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.

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Foot Locker Interest Expense Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

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Jan19

Jan20

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Jan24

Interest Expense

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-9.01

-5.75

-12.38

-13.92

-8.26

Foot Locker Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-0.91	-3.62	-1.89	-1.84	-0.93

Foot Locker Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8 Mil.

Foot Locker (WBO:FOOT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Foot Locker's Interest Expense for the three months ended in Apr. 2024 was €-1 Mil. Its Operating Income for the three months ended in Apr. 2024 was €23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was €2,260 Mil.

Foot Locker's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	23.3	/	-0.932
	=	25.00

The higher the ratio, the stronger the company's financial strength is.

Foot Locker (WBO:FOOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (WBO:FOOT) » Definitions » Interest Expense

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Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

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