Fox-Wizel (XTAE:FOX) Interest Coverage : 4.15 (As of Dec. 2023)

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What is Fox-Wizel 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. Fox-Wizel's Operating Income for the three months ended in Dec. 2023 was ₪154 Mil. Fox-Wizel's Interest Expense for the three months ended in Dec. 2023 was ₪-37 Mil. Fox-Wizel's interest coverage for the quarter that ended in Dec. 2023 was 4.15. The higher the ratio, the stronger the company's financial strength is.

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

XTAE:FOX' s Interest Coverage Range Over the Past 10 Years
Min: 2.36 Med: 6.09 Max: 9.81
Current: 2.36

XTAE:FOX's Interest Coverage is ranked worse than
70.53% of 716 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.19 vs XTAE:FOX: 2.36

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

Fox-Wizel Interest Coverage Historical Data

The historical data trend for Fox-Wizel'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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Fox-Wizel Interest Coverage Chart

Fox-Wizel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.52

4.87

9.13

4.94

2.36

Fox-Wizel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	0.43	3.32	1.47	4.15

Competitive Comparison of Fox-Wizel's Interest Coverage

For the Apparel Manufacturing subindustry, Fox-Wizel'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.

Fox-Wizel's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fox-Wizel's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fox-Wizel's Interest Coverage falls into.

Fox-Wizel 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.

Fox-Wizel'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, Fox-Wizel's Interest Expense was ₪-151 Mil. Its Operating Income was ₪357 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3,341 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	356.689	/	-150.825
	=	2.36

Fox-Wizel's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Fox-Wizel's Interest Expense was ₪-37 Mil. Its Operating Income was ₪154 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3,341 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	154.158	/	-37.151
	=	4.15

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

Fox-Wizel (XTAE:FOX) 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 .

Fox-Wizel Interest Coverage Related Terms

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

Fox-Wizel (XTAE:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fox-Wizel Ltd (XTAE:FOX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hermon Street, POB 76 Ben Gurion Airport, Airport City, ISR, 70100

Website

http://www.fox.co.il

Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.