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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. Cato Corp's Operating Income for the three months ended in Oct. 2016 was $2.1 Mil. Cato Corp's Interest Expense for the three months ended in Oct. 2016 was $0.0 Mil. Cato Corp has no debt. The higher the ratio, the stronger the companys financial strength is.
Cato Corp has no debt.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|The company did not have earnings to cover the interest expense.|
|The company had no debt.|
Cato Corp's Interest Coverage for the fiscal year that ended in Jan. 2016 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Jan. 2016 )||/||Interest Expense (A: Jan. 2016 )|
Cato Corp's Interest Coverage for the quarter that ended in Oct. 2016 is calculated as
|Cato Corp had no debt.|
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
The higher the ratio, the stronger the companys financial strength is.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a companys overage financial strength.
Cato Corp Annual Data
Cato Corp Quarterly Data
|interest_coverage||No Debt||184.54||No Debt||No Debt||No Debt||60.18||No Debt||No Debt||No Debt||No Debt|