SCS (Steelcase) Interest Coverage : 1.43 (As of Feb. 2025)

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What is Steelcase 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. Steelcase's Operating Income for the three months ended in Feb. 2025 was $10 Mil. Steelcase's Interest Expense for the three months ended in Feb. 2025 was $-7 Mil. Steelcase's interest coverage for the quarter that ended in Feb. 2025 was 1.43. The higher the ratio, the stronger the company's financial strength is.

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

SCS' s Interest Coverage Range Over the Past 10 Years
Min: 0.78 Med: 5.71 Max: 11.46
Current: 6.17

SCS's Interest Coverage is ranked worse than
58.72% of 327 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.67 vs SCS: 6.17

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

Steelcase Interest Coverage Historical Data

The historical data trend for Steelcase'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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Steelcase Interest Coverage Chart

Steelcase Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Interest Coverage

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2.90

0.78

2.89

5.25

6.17

Steelcase Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Interest Coverage	Get a 7-Day Free Trial															4.54	2.73	14.11	6.60	1.43

Competitive Comparison of Steelcase's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Steelcase'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.

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

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

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

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Steelcase 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.

Steelcase's Interest Coverage for the fiscal year that ended in Feb. 2025 is calculated as

Here, for the fiscal year that ended in Feb. 2025, Steelcase's Interest Expense was $-26 Mil. Its Operating Income was $159 Mil. And its Long-Term Debt & Capital Lease Obligation was $561 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2025 )	/	Interest Expense (A: Feb. 2025 )
	=	-1	*	158.5	/	-25.7
	=	6.17

Steelcase's Interest Coverage for the quarter that ended in Feb. 2025 is calculated as

Here, for the three months ended in Feb. 2025, Steelcase's Interest Expense was $-7 Mil. Its Operating Income was $10 Mil. And its Long-Term Debt & Capital Lease Obligation was $561 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2025 )	/	Interest Expense (Q: Feb. 2025 )
	=	-1	*	9.7	/	-6.8
	=	1.43

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

Steelcase (NYSE:SCS) 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 .

Steelcase Interest Coverage Related Terms

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

Steelcase Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GJB:Germany

Address

901 44th Street SE, Grand Rapids, MI, USA, 49508

Website

https://www.steelcase.com

Steelcase Inc is a furniture company based in the United States. Its brands such as Steelcase, AMQ, Coalesse, Designtex, and others offer a portfolio of furniture and architectural products and services designed to help customers create workplaces. It markets its products and services to businesses and organizations predominantly through a network of dealers and also sells to consumers in markets around the world through web-based and retail distribution channels. The company's reportable segments include the Americas which generates key revenue, and International.

Executives

Robert G Krestakos	officer: VP, Global Operations	901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester	officer: Senior Vice President, CFO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Nicole Cherie Mcgrath	officer: VP, Corp Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Smith Allan W Jr	officer: VP, Global Marketing	901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn	officer: VP, Global Talent Management	901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy	officer: Senior VP, CLO and Secretary	901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii	director	901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster	officer: VP, WS Futures & Corp Strategy	901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller	officer: VP, Chief Technology Officer	901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez	officer: Senior VP, EMEA	901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters	director	901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan	officer: Corporate Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt	officer: Senior VP, Americas	901 44TH STREET SE, GRAND RAPIDS MI 49508