Caleres (Caleres) Interest Expense : $-19 Mil (TTM As of Jan. 2024)

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What is Caleres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Caleres's interest expense for the three months ended in Jan. 2024 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-19 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. Caleres's Operating Income for the three months ended in Jan. 2024 was $ 33 Mil. Caleres's Interest Expense for the three months ended in Jan. 2024 was $ -4 Mil. Caleres's Interest Coverage for the quarter that ended in Jan. 2024 was 8.02. 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.

Caleres Interest Expense Historical Data

The historical data trend for Caleres'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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Caleres Interest Expense Chart

Caleres Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-48.29

-30.93

-14.26

-19.34

Caleres Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-5.38	-5.62	-5.13	-4.49	-4.10

Caleres 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19 Mil.

Caleres (NYSE:CAL) 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.

Caleres's Interest Expense for the three months ended in Jan. 2024 was $-4 Mil. Its Operating Income for the three months ended in Jan. 2024 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $453 Mil.

Caleres's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	32.899	/	-4.103
	=	8.02

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

Caleres (Caleres) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Caleres Inc (NYSE:CAL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BRP:Germany

Address

8300 Maryland Avenue, St. Louis, MO, USA, 63105

Website

https://www.caleres.com

Caleres Inc is a footwear retailer in the United States. The Company's business are organized into two reportable segments are famous Footwear and Brand Portfolio. The famous Footwear segment is comprised of famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of top brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company owned famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.

Executives

John W Schmidt	officer: Div Pres, Whls Better & Image	693 FIFTH AVENUE, 11TH FLOOR, NEW YORK NY 10022
Willis Hill	officer: Chief Information Officer	8300 MARYLAND AVENUE, ST. LOUIS MO 63105
Mark A Schmitt	officer: SVP, CIO	8300 MARYLAND AVENUE, ST. LOUIS MO 63105
Todd E Hasty	officer: VP, Chief Accounting Officer	8300 MARYLAND AVENUE, ST. LOUIS MO 63105
Diane M Sullivan	officer: President, Brown Shoe Co., Inc	78 COUNTRY CLUB WAY, IPSWICH MA 01938
Douglas Koch	officer: SVP & Chief Talent Officer	5032 WESTMINISTER PL, ST. LOUIS MO 63108
Daniel R Freidman	officer: Div Pres, Whls Prod & Sorcing	8300 MARYLAND AVENUE, SAINT LOUIS MO 63105
Carla C Hendra	director	885 WEST END AVE. 12B, NEW YORK NY 10025
Jack Calandra	officer: SVP, Chief Financial Officer	6380 ROGERDALE RD., HOUSTON TX 77072
Bruce K Thorn	director	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Jennifer Olsen	officer: Chief Marketing Officer	8300 MARYLAND AVE., ST. LOUIS MO 63105
Ken Hannah	officer: SVP, Chief Financial Officer	C/O MEMC ELECTRONIC MATERIALS, INC., P O BOX 8, ST, PETERS MO 63376
Michael R Edwards	officer: Div President, Famous Footwear	8300 MARYLAND AVENUE, ST. LOUIS MO 63105
Thomas C Burke	officer: VP, General Counsel	8300 MARYLAND AVENUE, ST. LOUIS MO 63105
Patricia G Mcginnis	director	4827 V STREET, WASHINGTON DC 20007