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GuruFocus has detected 3 Warning Signs with JC Penney Co Inc $JCP.
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JC Penney Co Inc (NYSE:JCP)
Interest Expense
$-268 Mil (TTM As of Apr. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. JC Penney Co Inc's interest expense for the three months ended in Apr. 2017 was $0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2017 was $-268 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. JC Penney Co Inc's Operating Income for the three months ended in Apr. 2017 was $-105 Mil. JC Penney Co Inc's Interest Expense for the three months ended in Apr. 2017 was $0 Mil. GuruFocus does not calculate JC Penney Co Inc's interest coverage with the available data. 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.


Definition

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

JC Penney Co Inc Interest Expense for the trailing twelve months (TTM) ended in Apr. 2017 was -93 (Jul. 2016 ) + -87 (Oct. 2016 ) + -88 (Jan. 2017 ) + 0 (Apr. 2017 ) = $-268 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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. The higher, the better.

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

JC Penney Co Inc's interest expense for the three months ended in Apr. 2017 was $0 Mil. Its operating income for the three months ended in Apr. 2017 was $-105 Mil. And its Long-Term Debt for the three months ended in Apr. 2017 was $4,283 Mil.

JC Penney Co Inc's Interest Coverage for the quarter that ended in Apr. 2017 is calculated as

GuruFocus does not calculate JC Penney Co Inc's interest coverage with the available data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. JC Penney Co Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JC Penney Co Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
Interest Expense -153-225-260-231-227-226-352-406-405-363

JC Penney Co Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
Interest Expense -100-98-103-102-102-95-93-87-880
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