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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 companys Operating Income (EBIT) by its Interest Expense. Nike Inc's Operating Income for the three months ended in Feb. 2016 was $1,123 Mil. Nike Inc's Interest Expense for the three months ended in Feb. 2016 was $-5 Mil. Nike Inc's interest coverage for the quarter that ended in Feb. 2016 was 224.60. The higher the ratio, the stronger the companys financial strength is.
Ben Graham prefers companies interest coverage is at least 5. Nike Inc has enough cash to cover all of its debt. Its financial situation is stable.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|The company did not have earnings to cover the interest expense.|
|The company had no debt.|
Nike Inc's Interest Coverage for the fiscal year that ended in May. 2015 is calculated as
|GuruFocus does not calculate Nike Inc's interest coverage with the available data.|
Nike Inc's Interest Coverage for the quarter that ended in Feb. 2016 is calculated as
|Interest Coverage||=||-1||*||Operating Income (Q: Feb. 2016 )||/||Interest Expense (Q: Feb. 2016 )|
The higher the ratio, the stronger the companys financial strength is.
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 companys overage financial strength.
Nike Inc Annual Data
Nike Inc Quarterly Data