Crown Crafts (Crown Crafts) Interest Expense

: $-0.56 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. Crown Crafts's interest expense for the three months ended in Dec. 2023 was $ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.56 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. Crown Crafts's Operating Income for the three months ended in Dec. 2023 was $ 2.33 Mil. Crown Crafts's Interest Expense for the three months ended in Dec. 2023 was $ -0.21 Mil. Crown Crafts's Interest Coverage for the quarter that ended in Dec. 2023 was 11.19. 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.

Crown Crafts Interest Expense Historical Data

The historical data trend for Crown Crafts'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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Crown Crafts Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.33

-0.05

Crown Crafts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-	-	-0.19	-0.16	-0.21

Crown Crafts 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 $-0.56 Mil.

Crown Crafts (NAS:CRWS) 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.

Crown Crafts's Interest Expense for the three months ended in Dec. 2023 was $-0.21 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $23.07 Mil.

Crown Crafts'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	*	2.327	/	-0.208
	=	11.19

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

Crown Crafts (Crown Crafts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Crown Crafts Inc (NAS:CRWS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

916 S. Burnside Avenue, Gonzales, LA, USA, 70737

Website

https://www.crowncrafts.com

Crown Crafts Inc operates in the infant and toddler products segment of the consumer products industry through its wholly-owned subsidiaries. The infant and toddler products segment consists of infant and toddler bedding, bibs, soft bath products, disposable products, and accessories. The company serves a diverse range of customers including mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts, wholesale clubs, and internet-based retailers. The company's brands include NoJo, Neat Solutions, Sassy, and Carousel. Its products are marketed under a variety of company-owned trademarks, under trademarks licensed from others, and as private-label goods.

Executives

Donald R Ratajczak	director	THE HARTSFIELD COLONNADE, 4893 RIVERDALE RD STE 260, ATLANTA GA 30337
Zenon S Nie	director
Michael Benstock	director	C/O SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772
E Randall Chestnut	director, officer: President and CEO
Craig Demarest	officer: VP and CFO	C/O TIDEWATER, INC, 601 POYDRAS STREET, SUITE 1900, NEW ORLEANS LA 70130
Nanci Freeman	officer: Pres & CEO/Infant Products Div	5882 BOLSA AVE SUITE 100, HUNTINGTON CA 92849
Donna Sheridan	officer: Pres & CEO / NoJo Baby & Kids	711 WEST WALNUT STREET, COMPTON CA 90220
Patricia Stensrud	director	P.O. BOX 1028, GONZALES LA 70707
Kenneth C. Cowart	officer: Director, Information Systems	P.O. BOX 1028, GONZALES LA 70707
Stephen Guyer	officer: VP Procurement/Infant Products	711 WEST WALNUT STREET, COMPTON CA 90220
Susan I. Christensen	officer: VP Sales/Infant Products Div	711 WEST WALNUT STREET, COMPTON CA 90220
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Debra Dunne	officer: VP Design/Infant Products Div	711 WEST WALNUT STREET, COMPTON CA 90220
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Jon C Biro	director	5858 WESTHEIMER, SUITE 200, HOUSTON TX 77057