Vera Bradley (Vera Bradley) Interest Coverage

: N/A (As of Jan. 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. Vera Bradley's Operating Income for the three months ended in Jan. 2024 was $2.6 Mil. Vera Bradley's Interest Expense for the three months ended in Jan. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

VRA' s Interest Coverage Range Over the Past 10 Years
Min: 10.86 Med: 158.54 Max: No Debt
Current: 360.7

VRA's Interest Coverage is ranked better than
92.54% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.35 vs VRA: 360.70

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

Vera Bradley Interest Coverage Historical Data

The historical data trend for Vera Bradley'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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Vera Bradley Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

N/A

10.86

102.32

N/A

Vera Bradley Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage																-	-	1,072.58	N/A	N/A

Competitive Comparison

For the Footwear & Accessories subindustry, Vera Bradley'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.

Vera Bradley Interest Coverage Distribution

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

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

Vera Bradley 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.

Vera Bradley's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, Vera Bradley's Interest Expense was $0.0 Mil. Its Operating Income was $15.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $62.6 Mil.

GuruFocus does not calculate Vera Bradley's interest coverage with the available data.

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

Here, for the three months ended in Jan. 2024, Vera Bradley's Interest Expense was $0.0 Mil. Its Operating Income was $2.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $62.6 Mil.

GuruFocus does not calculate Vera Bradley's interest coverage with the available data.

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

Vera Bradley (NAS:VRA) 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 .

Vera Bradley Interest Coverage Related Terms

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

Vera Bradley (Vera Bradley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vera Bradley Inc (NAS:VRA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

12420 Stonebridge Road, Roanoke, IN, USA, 46783

Website

https://www.verabradley.com

Vera Bradley Inc designs women's handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the Most. Most of the company's sales are made directly to customers through Vera Bradley's retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.

Executives

Mary Lou Kelley	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Michael Schwindle	officer: CHIEF FINANCIAL OFFICER	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Alison Hiatt	officer: Chief Marketing Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Jacqueline Ardrey	director, officer: President and CEO	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Frances P Philip	director	ONE ALBION ROAD, LINCOLN RI 02865
Edward M Schmults	director	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Robert Wallstrom	director, officer: President & Chief Exec Officer	12 E. 49TH STREET, NEW YORK NY 10017
Daren Hull	officer: Chief Customer Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
John Enwright	officer: VP, Interim Chief Fin. Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE RD., ROANOKE IN 46873
Mark C Dely	officer: VP - Chief Legal Off. and Sec.	4300 NEW GETWELL RD, MEMPHIS TN 38118
P. Michael Miller	director, 10 percent owner	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Patricia R. Miller	director, 10 percent owner	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Nancy Twine	director	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
James Bradley Byrne	10 percent owner	12 CHURCHILL ROAD, MARBLEHEAD MA 01945
Byrne Thomas Farrell Ii	10 percent owner	13114 PERRY LAKE COURT, FORT WAYNE IN 46845