iFIT Health & Fitness (iFIT Health & Fitness) Interest Coverage : N/A (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's Operating Income for the three months ended in May. 2020 was $0 Mil. iFIT Health & Fitness's Interest Expense for the three months ended in May. 2020 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for iFIT Health & Fitness's Interest Coverage or its related term are showing as below:

IFIT's Interest Coverage is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 5.14
* 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.

iFIT Health & Fitness Interest Coverage Historical Data

The historical data trend for iFIT Health & Fitness'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.

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iFIT Health & Fitness Interest Coverage Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Interest Coverage

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Interest Coverage	No Debt	N/A	N/A

Competitive Comparison of iFIT Health & Fitness's Interest Coverage

For the Leisure subindustry, iFIT Health & Fitness'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.

iFIT Health & Fitness's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Interest Coverage distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Interest Coverage falls into.

iFIT Health & Fitness 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.

iFIT Health & Fitness's Interest Coverage for the fiscal year that ended in May. 2021 is calculated as

Here, for the fiscal year that ended in May. 2021, iFIT Health & Fitness's Interest Expense was $-31 Mil. Its Operating Income was $-128 Mil. And its Long-Term Debt & Capital Lease Obligation was $157 Mil.

iFIT Health & Fitness did not have earnings to cover the interest expense.

iFIT Health & Fitness's Interest Coverage for the quarter that ended in May. 2020 is calculated as

Here, for the three months ended in May. 2020, iFIT Health & Fitness's Interest Expense was $0 Mil. Its Operating Income was $0 Mil. And its Long-Term Debt & Capital Lease Obligation was $140 Mil.

GuruFocus does not calculate iFIT Health & Fitness's interest coverage with the available data.

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

iFIT Health & Fitness (NAS:IFIT) 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 .

iFIT Health & Fitness Interest Coverage Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.