Weyco Group (Weyco Group) Interest Expense : $-0.5 Mil (TTM As of Dec. 2023)

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What is Weyco Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weyco Group's interest expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.5 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. 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. 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 Expense Historical Data

The historical data trend for Weyco Group'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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Weyco Group Interest Expense Chart

Weyco Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.24

-0.08

-0.71

-0.53

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 Expense	Get a 7-Day Free Trial															-0.50	-0.39	-0.13	-0.01	-0.01

Weyco Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

Weyco Group (NAS:WEYS) 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.

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

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

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.

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.

Weyco Group (Weyco Group) Business Description

Industry

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

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