Wolverine World Wide (Wolverine World Wide) Interest Expense : $-60 Mil (TTM As of Mar. 2024)

View and export this data going back to 1969. Start your Free Trial

What is Wolverine World Wide Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wolverine World Wide's interest expense for the three months ended in Mar. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-60 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. Wolverine World Wide's Operating Income for the three months ended in Mar. 2024 was $ 3 Mil. Wolverine World Wide's Interest Expense for the three months ended in Mar. 2024 was $ -12 Mil. Wolverine World Wide's Interest Coverage for the quarter that ended in Mar. 2024 was 0.25. 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.

Wolverine World Wide Interest Expense Historical Data

The historical data trend for Wolverine World Wide'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.

* Premium members only.

Wolverine World Wide Interest Expense Chart

Wolverine World Wide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-30.00

-43.60

-37.40

-47.30

-63.50

Wolverine World Wide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.80	-16.10	-15.50	-16.10	-12.00

Wolverine World Wide 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-60 Mil.

Wolverine World Wide (NYSE:WWW) 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.

Wolverine World Wide's Interest Expense for the three months ended in Mar. 2024 was $-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was $3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $709 Mil.

Wolverine World Wide's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3	/	-12
	=	0.25

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

Wolverine World Wide (Wolverine World Wide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wolverine World Wide Inc (NYSE:WWW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WW4:Germany

Address

9341 Courtland Drive N.E., Rockford, MI, USA, 49351

Website

https://www.wolverineworldwide.com

Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.

Executives

Amy M. Klimek	officer: EVP, Global Human Resources	9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Jeffrey M Boromisa	director
Michael D Stornant	officer: EVP, CFO and Treasurer	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Brenda J Lauderback	director	IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
Jodi Bricker	director	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Demonty Price	director	C/O RESTORATION HARDWARE HOLDINGS, INC., 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Andersen Stacia J.p.	director	6301 FITCH PATH, NEW ALBANY OH 43054
Kathleen Wilson-thompson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Christopher Hufnagel	officer: President, Active Group	9341 COURTLAND DRIVE, ROCKFORD MI 49351
Nicholas T. Long	director	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Reginald Rasch	officer: Sr. VP, Gen'l Counsel & Sec'y	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Brendan Hoffman	director, officer: President	100 PIER 1 PLACE, FORT WORTH TX 76102
Isabel Soriano	officer: President, International	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
David T Kollat	director	9341 COURTLAND DR, ROCKFORD MI 49351
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084