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Daktronics (Daktronics) Interest Coverage : 10.79 (As of Jan. 2024)


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What is Daktronics 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. Daktronics's Operating Income for the three months ended in Jan. 2024 was $8.0 Mil. Daktronics's Interest Expense for the three months ended in Jan. 2024 was $-0.7 Mil. Daktronics's interest coverage for the quarter that ended in Jan. 2024 was 10.79. The higher the ratio, the stronger the company's financial strength is.

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

DAKT' s Interest Coverage Range Over the Past 10 Years
Min: 10.94   Med: 62.52   Max: No Debt
Current: 27.28


DAKT's Interest Coverage is ranked better than
64.21% of 1573 companies
in the Hardware industry
Industry Median: 12.65 vs DAKT: 27.28

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


Daktronics Interest Coverage Historical Data

The historical data trend for Daktronics'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.

Daktronics Interest Coverage Chart

Daktronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 57.99 No Debt 28.22

Daktronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Coverage Get a 7-Day Free Trial 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 29.38 91.77 45.65 14.66 10.79

Competitive Comparison of Daktronics's Interest Coverage

For the Electronic Components subindustry, Daktronics'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.


Daktronics's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daktronics's Interest Coverage distribution charts can be found below:

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



Daktronics 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.

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

Here, for the fiscal year that ended in Apr. 2023, Daktronics's Interest Expense was $-0.9 Mil. Its Operating Income was $26.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $17.8 Mil.

Interest Coverage=-1* Operating Income (A: Apr. 2023 )/Interest Expense (A: Apr. 2023 )
=-1*25.964/-0.92
=28.22

Daktronics's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Daktronics's Interest Expense was $-0.7 Mil. Its Operating Income was $8.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $48.5 Mil.

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*8.036/-0.745
=10.79

* 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.

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


Daktronics  (NAS:DAKT) 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 .


Daktronics Interest Coverage Related Terms

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


Daktronics (Daktronics) Business Description

Traded in Other Exchanges
Address
201 Daktronics Drive, Brookings, SD, USA, 57006
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments such as Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes majority of its revenue from Live events.
Executives
Bradley T Wiemann other: VP, Commercial & Trans Mkts 225 TRAIL RIDGE RD, BROOKINGS SD 57006
Matthew John Kurtenbach other: VP of Manufacturing 1016 CHRISTINE AVE, BROOKINGS SD 57006
Howard I Atkins director OCCIDENTAL PETROLEUM CORPORATION, 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Andrew David Siegel director 1350 E FLAMINGO RD, #253, LAS VEGAS NV 89119
Shereta Diana Williams director 1124 KNOTT ST SE, ATLANTA GA 30316-3124
Lance Dean Bultena director 2620 N. UNDERWOOD STREET, ARLINGTON VA 22213
Reece A Kurtenbach other: Vice President, Video Systems 201 DAKTRONICS DR., BROOKINGS SD 57006-5128
Sheila Mae Anderson officer: CFO & Treasurer 3310 WALNUT LN, BROOKINGS SD 57006
Jose-marie Griffiths director 1022 NE 9TH ST, MADISON SD 57042
Carla S Gatzke officer: Secretary
John L Mulligan director 2417 EAST SOLANO DR, PHOENIX AZ 85016
Nancy D Frame director P O BOX PCS 116, PARIS I0 09777
Byron J Anderson director 395 PAGE MILL RD, MS A3 18, PALO ALTO CA 94306
James B Morgan director, officer: CEO & President 2834 WESTERN AVE S, BROOKINGS SD 57006
Kevin Patrick Mcdermott director 436 ROYAL OAKS DRIVE, NASHVILLE TN 37205

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