Virco Manufacturing (Virco Manufacturing) Interest Coverage

: 0 (At Loss) (As of Jan. 2024)

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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. Virco Manufacturing's Operating Income for the three months ended in Jan. 2024 was $-3.2 Mil. Virco Manufacturing's Interest Expense for the three months ended in Jan. 2024 was $-0.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

VIRC' s Interest Coverage Range Over the Past 10 Years
Min: 0.49 Med: 3.6 Max: 11.52
Current: 11.52

VIRC's Interest Coverage is ranked better than
55.1% of 314 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.755 vs VIRC: 11.52

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

Virco Manufacturing Interest Coverage Historical Data

The historical data trend for Virco Manufacturing'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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Virco Manufacturing Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

2.12

4.97

11.52

Virco Manufacturing Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage																-	-	19.48	18.83	-

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.

Virco Manufacturing Interest Coverage Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Interest Coverage distribution charts can be found below:

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

Virco Manufacturing 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.

Virco Manufacturing'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, Virco Manufacturing's Interest Expense was $-2.7 Mil. Its Operating Income was $30.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jan. 2024 )	/	Interest Expense (A: Jan. 2024 )
	=	-1	*	30.869	/	-2.679
	=	11.52

Virco Manufacturing's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Virco Manufacturing's Interest Expense was $-0.1 Mil. Its Operating Income was $-3.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.0 Mil.

Virco Manufacturing did not have earnings to cover the interest expense.

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

Virco Manufacturing (NAS:VIRC) 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 .

Virco Manufacturing Interest Coverage Related Terms

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

Virco Manufacturing (Virco Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Virco Manufacturing Corp (NAS:VIRC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2027 Harpers Way, Torrance, CA, USA, 90501

Website

https://www.virco.com

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.

Executives

Patricia Levine Quinones	officer: Vice President	6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson	director
Craig L Levra	director	C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler	director	C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue	director, officer: Executive Vice President
Robert A Virtue	director, officer: President & CEO & Chairman
Donald R Rudkin	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau	officer: Assistant Secretary / Treasure	5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe	officer: VP General Counsel	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell	officer: COO	C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers	officer: Sr. VP, Information Technology	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii	officer: Sr. Vice President Marketing	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio	director	C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245