Weyco Group (Weyco Group) Interest Coverage : 1,643.57 (As of Dec. 2023)

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What is Weyco 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. Weyco Group's Operating Income for the three months ended in Dec. 2023 was $11.5 Mil. Weyco Group's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Weyco Group's interest coverage for the quarter that ended in Dec. 2023 was 1,643.57. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Weyco Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

WEYS' s Interest Coverage Range Over the Past 10 Years
Min: 52.25 Med: 172.23 Max: 1560.8
Current: 77.55

WEYS's Interest Coverage is ranked better than
86.9% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.295 vs WEYS: 77.55

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

Weyco Group Interest Coverage Historical Data

The historical data trend for Weyco 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.

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Weyco Group Interest Coverage Chart

Weyco Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

110.82

317.31

56.85

77.55

Weyco Group 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															30.06	26.98	50.76	2,486.60	1,643.57

Competitive Comparison of Weyco Group's Interest Coverage

For the Footwear & Accessories subindustry, Weyco 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.

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

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

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

Weyco 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.

Weyco Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Weyco Group's Interest Expense was $-0.5 Mil. Its Operating Income was $41.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	41.024	/	-0.529
	=	77.55

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

Here, for the three months ended in Dec. 2023, Weyco Group's Interest Expense was $-0.0 Mil. Its Operating Income was $11.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.505	/	-0.007
	=	1,643.57

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

Weyco Group (NAS:WEYS) 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 .

Weyco Group Interest Coverage Related Terms

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

Weyco Group (Weyco Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WY1:Germany

Address

333 West Estabrook Boulevard, P.O. Box 1188, Milwaukee, WI, USA, 53201

Website

https://www.weycogroup.com

Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children. The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.

Executives

Allison Woss	officer: VP - SUPPLY CHAIN	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Damian Walton	officer: President-Florsheim Australia	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Judy Anderson	other: VP Finance/Treasurer	333 W. ESTABROOK BLVD., GLENDALE WI 53212
Dustin Combs	officer: VP, PRESIDENT - BOGS & RAFTERS	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Kevin Schiff	officer: VP, PRESIDENT - FLORSHEIM	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Katherine Destinon	officer: VP, PRESIDENT - NUNN BUSH	WEYCO GROUP, INC., W.333 ESTABROOK BLVD, GLENDALE WI 53212
Brian Flannery	officer: VP, PRESIDENT - STACY ADAMS	333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
George Sotiros	officer: VP - INFORMATION SYSTEMS	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Jeffrey S Douglass	officer: VP, Marketing	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Robert D Hanley	officer: Director of Finance	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Joshua Wisenthal	officer: President of Weyco Canada	WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Michael Bernsteen	officer: VP, President - Nunn Bush	WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Thomas W Florsheim	director, 10 percent owner	333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
John Wittkowske	officer: Senior Vice President and CFO	333 W ESTABROOK BLVD, GLENDALE WI 53212