GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Iconix Brand Group Inc (NAS:ICON) » Definitions » Interest Coverage

Iconix Brand Group (Iconix Brand Group) Interest Coverage : 0.70 (As of Mar. 2021)


View and export this data going back to 1990. Start your Free Trial

What is Iconix Brand Group Interest Coverage?

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. Iconix Brand Group's Operating Income for the three months ended in Mar. 2021 was $10.2 Mil. Iconix Brand Group's Interest Expense for the three months ended in Mar. 2021 was $-14.7 Mil. Iconix Brand Group's interest coverage for the quarter that ended in Mar. 2021 was 0.70. The higher the ratio, the stronger the company's financial strength is.

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


ICON's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.04
* Ranked among companies with meaningful Interest Coverage only.

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


Iconix Brand Group Interest Coverage Historical Data

The historical data trend for Iconix Brand Group'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.

* Premium members only.

Iconix Brand Group Interest Coverage Chart

Iconix Brand Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 1.20 0.92 1.10 0.71

Iconix Brand Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.41 0.77 1.05 0.70

Competitive Comparison of Iconix Brand Group's Interest Coverage

For the Apparel Manufacturing subindustry, Iconix Brand Group'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.


Iconix Brand Group's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Iconix Brand Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Iconix Brand Group's Interest Coverage falls into.



Iconix Brand Group 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.

Iconix Brand Group's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Iconix Brand Group's Interest Expense was $-67.7 Mil. Its Operating Income was $48.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $536.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*47.982/-67.694
=0.71

Iconix Brand Group's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Here, for the three months ended in Mar. 2021, Iconix Brand Group's Interest Expense was $-14.7 Mil. Its Operating Income was $10.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $518.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2021 )/Interest Expense (Q: Mar. 2021 )
=-1*10.242/-14.655
=0.70

* 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.

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


Iconix Brand Group  (NAS:ICON) 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 .


Iconix Brand Group Interest Coverage Related Terms

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


Iconix Brand Group (Iconix Brand Group) Business Description

Traded in Other Exchanges
N/A
Address
1450 Broadway, 3rd Floor, New York, NY, USA, 10018
Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Its retail licensees include Wal-Mart, Target, Kohl's, and Kmart/Sears. Some of the company's notable brands are Peanuts, Mossimo, Starter, Sharper Image, and London Fog. Licensees are responsible for design, manufacture, and distribution, while Iconix manages advertising and promotional campaigns. Most agreements require licensees to pay Iconix for advertising and marketing and to guarantee Iconix a minimum amount of royalty revenue.
Executives
Robert Galvin director, officer: President and CEO 78 GOLF LANE, RIDGEFIELD CT 06877
John Mcclain officer: EVP & CFO C/O THE JONES GROUP INC., 1411 BROADWAY, NEW YORK NY 10018
Jeffrey Neil Wood officer: Interim CFO 50 HOMESTEAD RD GILLETTE NJ 07933
F Peter Cuneo director, officer: Chairman and Interim CEO 10 EAST 40TH ST, NEW YORK NY 10016
John N Haugh director, officer: President and CEO 3231 S E SIXTH AVENUE, TOPEKA KS 66607
David K. Jones officer: EVP & CFO 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Jason Schaefer officer: EVP and General Counsel C O ICONIX BRAND GROUP INC 1450 BROADWAY 4TH FL NEW YORK NY 10018
Khosla Sanjay director THREE LAKES DRIVE, NORTHFIELD IL 60093
Kenneth Slutsky director 11400 W. OLYMPIC BOULEVARD SUITE 1400 LOS ANGELES CA 90064
Mark A Friedman director 595 NORTH STREET RYE NY 10580
Drew Cohen director C/O MUSIC THEATER INTERNATIONAL 421 WEST 54TH STREET NEW YORK NY 10019
James Marcum director 55 WENTWORTH COVE RD. LACONIA NH 03246
Sue Gove director 901 WEST WALNUT HILL LANE, MAIL STATION 6B-3, IRVING TX 75038
David Blumberg officer: EVP - Chief Strategy Officer C/O ICONIX BRAND GROUP, INC. 1450 BROADWAY, 4TH FLOOR NEW YORK NY 10018
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP

Iconix Brand Group (Iconix Brand Group) Headlines

From GuruFocus

Iconix Launches Direct To Consumer Ocean Pacific Website

By PRNewswire PRNewswire 09-05-2018

3 Stocks Trading Below Intrinsic Value Estimates

By Alberto Abaterusso Alberto Abaterusso 04-16-2021