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

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MCRAA McRae Industries Inc MCRAA
12 GF Score
Price $49.80
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What is McRae Industries Interest Expense?

McRae Industries MCRAA 12 Interest Expense is $0.0 Mil as of Jul. 2023. GuruFocus rates MCRAA with a GF Score™ of 12/100.

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  (OTCPK:MCRAA) Interest Expense Explanation

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. The higher, the better.

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.

* 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.

McRae Industries Interest Expense Historical Data

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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.

McRae Industries Interest Expense Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Interest Expense
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McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Interest Expense 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 0.00 0.00 0.00 0.00 0.00
MCRAA
12GF Score
McRae Industries Inc MCRAA
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $0.0 Mil mean?
McRae Industries (MCRAA) has a Interest Expense of $0.0 Mil as of Jul. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on McRae Industries and its competitors.
Is McRae Industries' Interest Expense too high?
McRae Industries' current Interest Expense is $0.0 Mil. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Interest Expense compare to RCKY and DBI?
McRae Industries' Interest Expense of $0.0 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Manufacturing - Apparel & Accessories company?
A good Interest Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on McRae Industries and its competitors. McRae Industries's current Interest Expense is $0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAA) has a current Interest Expense of $0.0 Mil. The current Interest Expense is $0.0 Mil. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For McRae Industries (MCRAA), the current Interest Expense is $0.0 Mil as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

McRae Industries Business Description

Address 400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
12GF Score

Get the complete analysis for MCRAA

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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