Carter's (Carter's) Interest Expense

: $-34 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carter's's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-34 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. Carter's's Operating Income for the three months ended in Dec. 2023 was $ 136 Mil. Carter's's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Carter's's Interest Coverage for the quarter that ended in Dec. 2023 was 17.83. 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.

Carter's Interest Expense Historical Data

The historical data trend for Carter's'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.

* Premium members only.

Carter's Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-37.62

-56.06

-60.29

-42.78

-33.97

Carter's Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-9.29	-9.64	-8.08	-8.62	-7.63

Carter's 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34 Mil.

Carter's (NYSE:CRI) 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.

Carter's's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $136 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $946 Mil.

Carter's's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	136.06	/	-7.631
	=	17.83

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

Carter's (Carter's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Carter's Inc (NYSE:CRI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CRIN34:Brazil

Address

3438 Peachtree Road North East, Phipps Tower, Suite 1800, Atlanta, GA, USA, 30326

Website

https://www.carters.com

Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products through a multi-channel business model, which includes retail stores, eCommerce, and wholesale sales channels, as well as retail omnichannel capabilities in the United States and Canada, which enables it to reach a broad range of consumers around the world. The company operates in three segments; U.S. Retail, U.S. Wholesale, and International. The majority of Carter's sales are in the U.S. and through Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.

Executives

Michael Dennis Casey	director, officer: Chairman and CEO	1170 PEACHTREE STREE NE STE 900, ATLANTA GA 30309
Julie D'emilio	officer: EVP, Sales	3438 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Ben Pivar	officer: SVP, CIO	3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
Richard F. Westenberger	officer: EVP and CFO	1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Brian Lynch	officer: President, Carter's, Inc.	1170 PEACHTREE ST., ATLANTA GA 30309
Kendra Krugman	officer: EVP, Merchandising and Design	3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
Jeff Jenkins	officer: EVP Global Marketing	3438 PEACHTREE ROAD NE, ATLANTA GA 30306
Jill Wilson	officer: SVP HR and Talent Development	1170 PEACHTREE ST., ATLANTA GA 30309
William J Montgoris	director	C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Karen Marie Smith	officer: EVP Supply Chain	15960 MEADOW KING WAY, MILTON GA 30004
Stacey Rauch	director	C/O ASCENA RETAIL GROUP, INC., 933 MACARTHUR BOULEVARD, MAHWAH NJ 07430
Jeffrey Harry Black	director	ONE CARRIER PLACE, FARMINGTON CT 06032
Rochester Jr. Anderson	director	268 LASSITER DRIVE, ELLENWOOD GA 30294
Stephanie Stahl	director	C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Scott F. Duggan	officer: SVP, Gen Counsel & Secy	C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408