G-III Apparel Group (G-III Apparel Group) Interest Coverage : 7.63 (As of Jan. 2024)

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What is G-III Apparel Group 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. G-III Apparel Group's Operating Income for the three months ended in Jan. 2024 was $53 Mil. G-III Apparel Group's Interest Expense for the three months ended in Jan. 2024 was $-7 Mil. G-III Apparel Group's interest coverage for the quarter that ended in Jan. 2024 was 7.63. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for G-III Apparel Group's Interest Coverage or its related term are showing as below:

GIII' s Interest Coverage Range Over the Past 10 Years
Min: 2 Med: 5.93 Max: 27.57
Current: 7.33

GIII's Interest Coverage is ranked better than
57.04% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.295 vs GIII: 7.33

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

G-III Apparel Group Interest Coverage Historical Data

The historical data trend for G-III Apparel Group'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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G-III Apparel Group Interest Coverage Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

Get a 7-Day Free Trial

5.56

2.00

6.29

4.24

7.33

G-III Apparel Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial															3.61	1.26	3.32	17.28	7.63

Competitive Comparison of G-III Apparel Group's Interest Coverage

For the Apparel Manufacturing subindustry, G-III Apparel Group'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.

G-III Apparel Group's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where G-III Apparel Group's Interest Coverage falls into.

G-III Apparel Group 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.

G-III Apparel Group's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, G-III Apparel Group's Interest Expense was $-40 Mil. Its Operating Income was $290 Mil. And its Long-Term Debt & Capital Lease Obligation was $581 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jan. 2024 )	/	Interest Expense (A: Jan. 2024 )
	=	-1	*	290.101	/	-39.595
	=	7.33

G-III Apparel Group's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, G-III Apparel Group's Interest Expense was $-7 Mil. Its Operating Income was $53 Mil. And its Long-Term Debt & Capital Lease Obligation was $581 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	52.841	/	-6.929
	=	7.63

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

G-III Apparel Group (NAS:GIII) 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 .

G-III Apparel Group Interest Coverage Related Terms

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

G-III Apparel Group (G-III Apparel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (NAS:GIII) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GI4:Germany

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

Executives

Neal Nackman	officer: Chief Financial Officer/Treas	C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019
Laura H Pomerantz	director
Alan Feller	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Sammy Aaron	director, officer: Vice Chairman	C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019
Andrew Yaeger	director	512 SEVENTH AVE., NEW YORK NY 10018
Joyce F Brown	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Morris Goldfarb	director, 10 percent owner, officer: Chief Executive Officer	C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Amigo Victor Herrero	director	C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577
Jeffrey David Goldfarb	director, other: Dir. of Business Develop.	G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018
Patti H Ongman	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Wayne S Miller	officer: Chief Operating Officer	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Robert L Johnson	director	C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814