EZCORP (EZCORP) Interest Coverage

: 10.73 (As of Dec. 2023)

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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 company's Operating Income by its Interest Expense. EZCORP's Operating Income for the three months ended in Dec. 2023 was $37 Mil. EZCORP's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. EZCORP's interest coverage for the quarter that ended in Dec. 2023 was 10.73. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for EZCORP's Interest Coverage or its related term are showing as below:

EZPW' s Interest Coverage Range Over the Past 10 Years
Min: 0.25 Med: 1.94 Max: 7.45
Current: 7.32

EZPW's Interest Coverage is ranked worse than
73.94% of 165 companies
in the Credit Services industry
Industry Median: 69.76 vs EZPW: 7.32

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

EZCORP Interest Coverage Historical Data

The historical data trend for EZCORP's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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EZCORP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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1.58

0.32

1.42

7.45

5.57

EZCORP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															4.56	7.91	6.03	4.62	10.73

Competitive Comparison

For the Credit Services subindustry, EZCORP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

EZCORP Interest Coverage Distribution

For the Credit Services industry and Financial Services sector, EZCORP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where EZCORP's Interest Coverage falls into.

EZCORP Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

EZCORP's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, EZCORP's Interest Expense was $-16 Mil. Its Operating Income was $92 Mil. And its Long-Term Debt & Capital Lease Obligation was $519 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	91.604	/	-16.456
	=	5.57

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

Here, for the three months ended in Dec. 2023, EZCORP's Interest Expense was $-3 Mil. Its Operating Income was $37 Mil. And its Long-Term Debt & Capital Lease Obligation was $515 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.91	/	-3.44
	=	10.73

The higher the ratio, the stronger the company's Financial Strength is.

EZCORP (NAS:EZPW) Interest Coverage Explanation

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 company's overage Financial Strength .

EZCORP Interest Coverage Related Terms

Thank you for viewing the detailed overview of EZCORP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

EZCORP (EZCORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » EZCORP Inc (NAS:EZPW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

EZ2A:Germany EZ2A:Germany

Address

2500 Bee Cave Road, Suite 200, Building One, Rollingwood, TX, USA, 78746

Website

https://www.ezcorp.com

EZCORP Inc is a United States-based company engaged in offering pawn loans in the United States and Mexico. It also offers short-term unsecured loans and other consumer financial products, and buy and sell second-hand goods. The operating segments of the company are us Pawn, Latin America Pawn, and other international. us Pawn segment includes all pawn activities in the United States. Latin America Pawn segment includes all pawn activities in Mexico and other parts of Latin America. The company generates revenue from merchandise sales, jewelry scrapping sales, and pawn service charges, of which key revenue is derived from the merchandise sales which are primarily collateral forfeited from pawn lending operations and used merchandise purchased from the customers.

Executives

Nicole Swies	officer: Chief Revenue, Operations Off	2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Ellen H Bryant	officer: V.P., Deputy General Counsel	2500 BEE CAVE ROAD, BLDG. 1, STE. 200, ROLLINGWOOD TX 78746
Robert J Hicks	officer: Chief Accounting Officer	2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Jason A. Kulas	director	C/O EZCORP, INC., 2500 BEE CAVE ROAD, BLDG 1 STE 200, ROLLINGWOOD TX 78746
Lisa Vanroekel	officer: Chief HR Officer	1601 ELM STREET, SUITE 800, DALLAS TX 75201
Sunil Sajnani	officer: VP, Chief Audit Executive	1601 ELM STREET, SUITE 800, DALLAS TX 75201
Timothy Jugmans	officer: Interim CFO	2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Fred E. Herman	officer: Chief Accounting Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Hugo R. Dooner	director	2500 BEE CAVE RD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Wedin Jacob Gustaf Lennart	officer: Chief Product & Process Office	9500 VELETTA PLACE, AUSTIN TX 78735
Powell John Blair Jr.	officer: Chief Customer Service Officer	2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Keith John Robertson	officer: Chief Information Officer	2500 BEE CAVE RD., BLD 1 STE 200, ROLLINGWOOD TX 78746
Zena Srivatsa Arnold	director	2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Webb Robert W.k.	director	71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Shelaghmichael C. Brown	director	1511 NANTUCKET, HOUSTON TX 77057