COOK (Traeger) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is Traeger Interest Coverage?

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 by its Interest Expense. Traeger's Operating Income for the three months ended in Sep. 2024 was $-7.4 Mil. Traeger's Interest Expense for the three months ended in Sep. 2024 was $-8.5 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Traeger's Interest Coverage or its related term are showing as below:

COOK's Interest Coverage is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 9.89
* Ranked among companies with meaningful Interest Coverage only.

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

Traeger Interest Coverage Historical Data

The historical data trend for Traeger's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Traeger Interest Coverage Chart

Traeger Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

0.26

1.71

Traeger Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	0.55	-

Competitive Comparison of Traeger's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Traeger's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Traeger's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Traeger's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Traeger's Interest Coverage falls into.

Traeger Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Traeger's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Traeger's Interest Expense was $-31.3 Mil. Its Operating Income was $-50.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $426.4 Mil.

Traeger did not have earnings to cover the interest expense.

Traeger's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Traeger's Interest Expense was $-8.5 Mil. Its Operating Income was $-7.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $425.7 Mil.

Traeger did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Traeger (NYSE:COOK) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Traeger Interest Coverage Related Terms

Thank you for viewing the detailed overview of Traeger's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Traeger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Traeger Inc (NYSE:COOK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

533 South 400 West, Salt Lake City, UT, USA, 84101

Website

https://www.traeger.com

Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grilling accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.

Executives

Jeremy Andrus	director, officer: Chief Executive Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Hardy James H Jr	officer: Chief Supply Chain Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil	officer: Chief Financial Officer	C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman	director	C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p.	10 percent owner, other: See Remarks	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres	director	TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino	director	C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez	director	ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp.	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022