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Kirkland's Interest Coverage

: 2.93 (As of Jul. 2021)
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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. Kirkland's's Operating Income for the three months ended in Jul. 2021 was $0.2 Mil. Kirkland's's Interest Expense for the three months ended in Jul. 2021 was $-0.1 Mil. Kirkland's's interest coverage for the quarter that ended in Jul. 2021 was 2.93. The higher the ratio, the stronger the company's financial strength is.

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

NAS:KIRK' s Interest Coverage Range Over the Past 10 Years
Min: 18.28   Med: 75.01   Max: 302.03
Current: 129.3

18.28
302.03

NAS:KIRK's Interest Coverage is ranked lower than
58% of the 151 Companies
in the Retail - Cyclical industry.

( Industry Median: 15.27 vs. NAS:KIRK: 129.30 )

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


Kirkland's Interest Coverage Historical Data

The historical data trend for Kirkland's'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.

* Premium members only.

Kirkland's Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.59 34.01 18.28 - 30.95

Kirkland's Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 1.90 139.29 327.93 27.81 2.93

Competitive Comparison

For the Specialty Retail subindustry, Kirkland's'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.

   

Kirkland's Interest Coverage Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kirkland's's Interest Coverage distribution charts can be found below:

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



Kirkland's 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.


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

Kirkland's's Interest Coverage for the fiscal year that ended in Jan. 2021 is calculated as

Here, for the fiscal year that ended in Jan. 2021, Kirkland's's Interest Expense was $-0.6 Mil. Its Operating Income was $17.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $149.0 Mil.

Interest Coverage=-1* Operating Income (A: Jan. 2021 )/Interest Expense (A: Jan. 2021 )
=-1*17.674/-0.571
=30.95

Kirkland's's Interest Coverage for the quarter that ended in Jul. 2021 is calculated as

Here, for the three months ended in Jul. 2021, Kirkland's's Interest Expense was $-0.1 Mil. Its Operating Income was $0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $130.0 Mil.

Interest Coverage=-1* Operating Income (Q: Jul. 2021 )/Interest Expense (Q: Jul. 2021 )
=-1*0.223/-0.076
=2.93

* 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.


Kirkland's  (NAS:KIRK) 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 .


Kirkland's Interest Coverage Related Terms

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


Kirkland's Business Description

Kirkland's logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 442299 SIC : 5999
Traded in Other Exchanges
Address
5310 Maryland Way, Brentwood, TN, USA, 37027
Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.
Executives
Martin Jeffrey T. officer: Sr. VP of Omni-Channel Retail 5310 MARYLAND WAY BRENTWOOD TN 37027
Collins Steven J director 29 VINTON STREET, #5 BOSTON MA 02127
Woodward Steven C director, officer: President and CEO 550 BAILEY AVENUE FORT WORTH TX 76107
Strain Nicole Allyson officer: Chief Financial Officer 5310 MARYLAND WAY BRENTWOOD TN 37027
Pleas Charles Iii director 123 S. FRONT STREET DEPT. 8074 MEMPHIS TN 38103
Lanigan Susan S director 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Cairnes Mike officer: President and COO 5310 MARYLAND WAY BRENTWOOD TN 37027
Sandfort Gregory A director TRACTOR SUPPLY COMPANY 5401 VIRGINIA WAY BRENTWOOD TN 37027
Spain Murray director C/O B&M LEASING 283 2ND STREET PIKE SUITE 110 SOUTHAMPTON PA 18966
Parks Ralph T director 451 INDUSTRIAL LANE BIRMINGHAM AL 35211
Global Private Equity Ii Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Direct Investment Program Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Partners Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Corp/ma other: Member of Group > 10% 800 BOYLSTON STREET SUITE 3300 BOSTON MA 02199

Kirkland's Headlines

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