McRae Industries (McRae Industries) Interest Expense : $0.0 Mil (TTM As of Jul. 2023)

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What is McRae Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McRae Industries's interest expense for the six months ended in Jul. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was $0.0 Mil.

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. McRae Industries's Operating Income for the six months ended in Jul. 2023 was $ 10.3 Mil. McRae Industries's Interest Expense for the six months ended in Jul. 2023 was $ 0.0 Mil. GuruFocus does not calculate McRae Industries's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

McRae Industries Interest Expense Historical Data

The historical data trend for McRae Industries's Interest Expense 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.

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McRae Industries Interest Expense Chart

McRae Industries Annual Data

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Interest Expense

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McRae Industries Semi-Annual Data
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McRae Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jul. 2023 was $0.0 Mil.

McRae Industries (OTCPK:MCRAA) Interest Expense Explanation

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

McRae Industries's Interest Expense for the six months ended in Jul. 2023 was $0.0 Mil. Its Operating Income for the six months ended in Jul. 2023 was $10.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2023 was $1.9 Mil.

McRae Industries's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

GuruFocus does not calculate McRae Industries's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. McRae Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.