Hibbett (Hibbett) Interest Expense

: $-6 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hibbett's interest expense for the three months ended in Jan. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-6 Mil.

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. Hibbett's Operating Income for the three months ended in Jan. 2024 was $ 41 Mil. Hibbett's Interest Expense for the three months ended in Jan. 2024 was $ -1 Mil. Hibbett's Interest Coverage for the quarter that ended in Jan. 2024 was 28.74. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hibbett Interest Expense Historical Data

The historical data trend for Hibbett's Interest Expense 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.

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Hibbett Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

-1.01

-0.56

-0.32

-1.58

-5.74

Hibbett Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-0.68	-1.33	-1.89	-1.11	-1.41

Hibbett Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6 Mil.

Hibbett (NAS:HIBB) Interest Expense Explanation

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

Hibbett's Interest Expense for the three months ended in Jan. 2024 was $-1 Mil. Its Operating Income for the three months ended in Jan. 2024 was $41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $247 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	40.608	/	-1.413
	=	28.74

The higher the ratio, the stronger the company's financial strength is.

Hibbett (Hibbett) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hibbett Inc (NAS:HIBB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HB6:Germany HB6:Germany

Address

2700 Milan Court, Birmingham, AL, USA, 35211

Website

https://www.hibbett.com

Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.

Executives

William G Quinn	officer: SVP Digital Commerce	2700 MILAN COURT, BIRMINGHAM AL 35211
Ronald P Blahnik	officer: SVP and CIO	2700 MILAN COURT, BIRMINGHAM AL 35211
Mark Anthony Gunn	officer: SVP, CHRO	2700 MILAN COURT, BIRMINGHAM AL 35211
David Mitchell Benck	officer: SVP General Counsel	2700 MILAN COURT, BIRMINGHAM AL 35211
James A Hilt	director	1 EXPRESS DRIVE, COLUMBUS OH 43230
Dorlisa K Flur	director	POST OFFICE BOX 1017, CHARLOTTE NC 28201-1017
Pamela J Edwards	director	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ramesh Chikkala	director	2700 MILAN COURT, BIRMINGHAM AL 35211
Jonalin S. Smith	other: SVP Merchandising	2700 MILAN COURT, BIRMINGHAM AL 35211
Michael C. Mcabee	other: SVP Supply Chain, Store Dev	2700 MILAN COURT, BIRMINGHAM AL 35211
Anthony F Crudele	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Michael E Longo	director, officer: President and CEO
Alton E Yother	director
Benjamin Ashley Knighten	officer: SVP Operations	2700 MILAN COURT, BIRMINGHAM AL 35211
Linda Hubbard	director	2700 MILAN COURT, BIRMINGHAM AL 35211