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JC Penney Co Inc  (NYSE:JCP) Interest Expense: $-341 Mil (TTM As of Jul. 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 Jul. 2017 was $ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2017 was $-341 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 Jul. 2017 was $ 53 Mil. JC Penney Co Inc's Interest Expense for the three months ended in Jul. 2017 was $ -79 Mil. JC Penney Co Inc's Interest Coverage for the quarter that ended in Jul. 2017 was 0.67. 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.


Historical Data

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

* Premium members only.

JC Penney Co Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -226.00 -352.00 -406.00 -405.00 -363.00

JC Penney Co Inc Quarterly Data

Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -87.00 -88.00 -87.00 -79.00 -78.00

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 Jul. 2017 was -87 (Oct. 2016 ) + -88 (Jan. 2017 ) + -87 (Apr. 2017 ) + -79 (Jul. 2017 ) = $-341 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 Jul. 2017 was $-79 Mil. Its Operating Income for the three months ended in Jul. 2017 was $53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2017 was $4,052 Mil.

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

Interest Coverage=-1*Operating Income (Q: Jul. 2017 )/Interest Expense (Q: Jul. 2017 )
=-1*53/-79
=0.67

* 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.


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