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PetSmart Inc (NAS:PETM)
Interest Expense
\$0 Mil (TTM As of Oct. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PetSmart Inc's interest expense for the three months ended in Oct. 2014 was \$0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2014 was \$0 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. PetSmart Inc's Operating Income for the three months ended in Oct. 2014 was \$151 Mil. PetSmart Inc's Interest Expense for the three months ended in Oct. 2014 was \$-13 Mil. PetSmart Inc's interest coverage for the quarter that ended in Oct. 2014 was 12.02. 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.

Definition

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

PetSmart Inc Interest Expense for the trailing twelve months (TTM) ended in Oct. 2014 was 0 (Jan. 2014 ) + 0 (Apr. 2014 ) + 0 (Jul. 2014 ) + 0 (Oct. 2014 ) = \$0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

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. The higher, the better.

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

PetSmart Inc's interest expense for the three months ended in Oct. 2014 was \$-13 Mil. Its operating income for the three months ended in Oct. 2014 was \$151 Mil. And its Long-Term Debt for the three months ended in Oct. 2014 was \$449 Mil.

PetSmart Inc's Interest Coverage for the quarter that ended in Oct. 2014 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Oct. 2014 ) / Interest Expense (Q: Oct. 2014 ) = -1 * 151.014 / -12.561 = 12.02

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

PetSmart Inc Annual Data

 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Interest Expense -31 -42 -51 -60 -60 0 0 -54 0 0

PetSmart Inc Quarterly Data

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Interest Expense 0 -13 0 0 0 0 0 0 0 0
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