Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Interest Coverage

: 0 (At Loss) (As of Feb. 2024)

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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. Art's-Way Manufacturing Co's Operating Income for the three months ended in Feb. 2024 was $-0.38 Mil. Art's-Way Manufacturing Co's Interest Expense for the three months ended in Feb. 2024 was $-0.17 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Art's-Way Manufacturing Co's Interest Coverage or its related term are showing as below:

ARTW' s Interest Coverage Range Over the Past 10 Years
Min: 0.9 Med: 1.79 Max: 4.73
Current: 0.9

ARTW's Interest Coverage is ranked worse than
97.53% of 162 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.05 vs ARTW: 0.90

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

Art's-Way Manufacturing Co Interest Coverage Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Coverage

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1.67

1.50

2.59

Art's-Way Manufacturing Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															4.85	2.57	2.91	0.51	-

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.

Art's-Way Manufacturing Co Interest Coverage Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Art's-Way Manufacturing Co's Interest Coverage falls into.

Art's-Way Manufacturing Co 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.

Art's-Way Manufacturing Co's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Art's-Way Manufacturing Co's Interest Expense was $-0.59 Mil. Its Operating Income was $1.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.37 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Nov. 2023 )	/	Interest Expense (A: Nov. 2023 )
	=	-1	*	1.531	/	-0.59
	=	2.59

Art's-Way Manufacturing Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Art's-Way Manufacturing Co's Interest Expense was $-0.17 Mil. Its Operating Income was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.31 Mil.

Art's-Way Manufacturing Co did not have earnings to cover the interest expense.

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

Art's-Way Manufacturing Co (NAS:ARTW) 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 .

Art's-Way Manufacturing Co Interest Coverage Related Terms

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Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (NAS:ARTW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ID2:Germany

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.

Executives

Randall C. Ramsey	director	5556 HIGHWAY 9, ARMSTRONG IA 50514
Matthew Westendorf	director	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
David Alan King	officer: Executive Vice President	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Mcconnell J Ward Jr	director, 10 percent owner
Michael William Woods	officer: Controller	C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Marc H Mcconnell	director	1118 N QUEEN ST, KINSTON NC 28501
David Allan White	director	C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514
Carrie L. Gunnerson	officer: President and CEO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Joseph R Dancy	director	1007 BEAVER CREEK, DUNCANVILLE TX 75137
Michael Furness	officer: Director of Finance	5556 HIGHWAY 9, ARMSTRONG IA 50514
David R Castle	director	P.O. BOX 1738, LAKEFIELD A6 K0L 2H0
Dean James Droegemueller	officer: Director of Finance	5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410
Fred William Krahmer	director	204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031
Thomas E Buffamante	director	6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741
Douglas Richard Mcclellan	director