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VOXX International Interest Coverage

: 0 (At Loss) (As of May. 2022)
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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. VOXX International's Operating Income for the three months ended in May. 2022 was $-6.6 Mil. VOXX International's Interest Expense for the three months ended in May. 2022 was $-0.7 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 VOXX International's Interest Coverage or its related term are showing as below:

VOXX' s Interest Coverage Range Over the Past 10 Years
Min: 1.68   Med: 4.53   Max: 8.08
Current: 1.68


VOXX's Interest Coverage is ranked worse than
93.57% of 1664 companies
in the Hardware industry
Industry Median: 21.91 vs VOXX: 1.68

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


VOXX International Interest Coverage Historical Data

The historical data trend for VOXX International'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.

VOXX International Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 8.08 4.53

VOXX International Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 0.61 - 11.08 5.05 -

Competitive Comparison

For the Consumer Electronics subindustry, VOXX International'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.

   

VOXX International Interest Coverage Distribution

For the Hardware industry and Technology sector, VOXX International's Interest Coverage distribution charts can be found below:

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



VOXX International 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.

VOXX International's Interest Coverage for the fiscal year that ended in Feb. 2022 is calculated as

Here, for the fiscal year that ended in Feb. 2022, VOXX International's Interest Expense was $-2.5 Mil. Its Operating Income was $11.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $13.2 Mil.

Interest Coverage=-1* Operating Income (A: Feb. 2022 )/Interest Expense (A: Feb. 2022 )
=-1*11.476/-2.532
=4.53

VOXX International's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Here, for the three months ended in May. 2022, VOXX International's Interest Expense was $-0.7 Mil. Its Operating Income was $-6.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.0 Mil.

VOXX International did not have earnings to cover the interest expense.

* 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.


VOXX International  (NAS:VOXX) 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 .


VOXX International Interest Coverage Related Terms

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


VOXX International Business Description

VOXX International logo
Traded in Other Exchanges
Address
2351 J. Lawson Boulevard, Orlando, FL, USA, 32824
VOXX International Corp is a manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. The company markets its products under the Audiovox brand name and other brand names and licensed brands. The company operates in three segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company's product portfolio comprises rear-seat entertainment devices, satellite radio products, automotive security, digital TV tuners, mobile antennas, location-based services, high-end loudspeakers, digital living network alliance compatible devices, wireless and Bluetooth speakers, 360 Fly Action Cameras, reception and digital consumer products.
Executives
Kahli Beat 10 percent owner AVALON GROUP INTERNATIONAL, LLC 3801 AVALON PARK EAST BLVD., STE 400 ORLANDO FL 32828
Kahli Holding Ag 10 percent owner RIESBACHSTRASSE 57 ZURICH V8 8008
Mas Edward David officer: President Voxx Automotive Corp C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BOULEVARD HAUPPAUGE NY 11788
Adamovich John Jr director 180 MARCUS BLVD C/O VOXX INTERNATIONAL CORPORATION HAUPPAUGE NY 11788
Bernardo Oscar Leonard officer: COO Klipsch Group Inc. C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788
Geise Ian Sebastian officer: President Voxx Accessories C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788
Gibson Denise W. director 140 SCHOOL STREET LIBERTYVILLE IL 60048
Geis Ludwig officer: CEO VOXX Hirschmann Corp STUTTGARTER STRASSE 45 - 51 NECKARTENZLINGEN 2M 72654
Glasgow Stan director C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD. HAUPPAUGE NY 11788
Kelley David P officer: Pres of Global Com for Klipsch 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Farrar Frederick L officer: EVP/CFO for KGI C/O WINDROSE MEDICAL PROPERTIES TRUST 3502 WOODVIEW TRACE #210 INDIANAPOLIS IN 46268
Klipsch Michael F officer: Pres. Global Operations of KGI 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Jacobs Paul officer: President & CEO of KGI 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Shalam Ari director C/O AUDIOVOX CORP 150 MARCUS BLVD HAUPPAUGE NY 11788
Klipsch Fred S director

VOXX International Headlines

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