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Lakeland Industries Interest Coverage

: N/A (As of Jan. 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. Lakeland Industries's Operating Income for the three months ended in Jan. 2021 was $9.3 Mil. Lakeland Industries's Interest Expense for the three months ended in Jan. 2021 was $0.0 Mil. GuruFocus does not calculate '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 is at least 5. Lakeland Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

NAS:LAKE' s Interest Coverage Range Over the Past 10 Years
Min: 2.57   Med: 21.79   Max: 1906.65
Current: 1069.59

2.57
1906.65

NAS:LAKE's Interest Coverage is ranked higher than
94% of the 635 Companies
in the Manufacturing - Apparel & Accessories industry.

( Industry Median: 4.84 vs. NAS:LAKE: 1069.59 )

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


Lakeland Industries Interest Coverage Historical 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.

* Premium members only.

Lakeland Industries Annual Data
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 11.04 52.01 28.52 50.66 1,906.65

Lakeland Industries Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
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 95.50 727.65 4,867.00 3,123.25 -

Competitive Comparison
* 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.


Lakeland Industries Interest Coverage Distribution

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



Lakeland Industries 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.

Lakeland Industries'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, Lakeland Industries's Interest Expense was $-0.0 Mil. Its Operating Income was $43.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.6 Mil.

Interest Coverage=-1* Operating Income (A: Jan. 2021 )/Interest Expense (A: Jan. 2021 )
=-1*43.853/-0.023
=1,906.65

Lakeland Industries's Interest Coverage for the quarter that ended in Jan. 2021 is calculated as

Here, for the three months ended in Jan. 2021, Lakeland Industries's Interest Expense was $0.0 Mil. Its Operating Income was $9.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.6 Mil.

GuruFocus does not calculate Lakeland 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.


Lakeland Industries  (NAS:LAKE) 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 .


Lakeland Industries Interest Coverage Related Terms


Lakeland Industries Interest Coverage Headlines

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