Foot Locker (Foot Locker) 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. Foot Locker's Operating Income for the three months ended in Jan. 2024 was $-23 Mil. Foot Locker's Interest Expense for the three months ended in Jan. 2024 was $-2 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 Foot Locker's Interest Coverage or its related term are showing as below:

FL' s Interest Coverage Range Over the Past 10 Years
Min: 15.44 Med: 68.34 Max: 91.45
Current: 15.44

FL's Interest Coverage is ranked better than
65.11% of 751 companies
in the Retail - Cyclical industry
Industry Median: 7.81 vs FL: 15.44

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

Foot Locker Interest Coverage Historical Data

The historical data trend for Foot Locker'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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Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

71.40

61.57

74.93

46.20

15.44

Foot Locker Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage																66.50	98.00	3.25	25.50	-

Competitive Comparison

For the Apparel Retail subindustry, Foot Locker'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.

Foot Locker Interest Coverage Distribution

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

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

Foot Locker 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.

Foot Locker'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, Foot Locker's Interest Expense was $-9 Mil. Its Operating Income was $139 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,446 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jan. 2024 )	/	Interest Expense (A: Jan. 2024 )
	=	-1	*	139	/	-9
	=	15.44

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

Here, for the three months ended in Jan. 2024, Foot Locker's Interest Expense was $-2 Mil. Its Operating Income was $-23 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,446 Mil.

Foot Locker did not have earnings to cover the interest expense.

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

Foot Locker (NYSE:FL) 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 .

Foot Locker Interest Coverage Related Terms

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

Foot Locker (Foot Locker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (NYSE:FL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FL:Mexico WOO:Germany FOOT:Austria

Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

Executives

Mary N Dillon	director, officer: President & CEO	ULTA BEAUTY, INC., 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440
Jennifer Kraft	officer: EVP and General Counsel	C/O FOOT LOCKER, INC., NEW YORK NY 10001
Michael Baughn	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 140 FOUNTAIN PARKWAY, ST. PETERSBURG FL 33716
Robert Higginbotham	officer: Interim CFO	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
John A Maurer	officer: VP, Treasurer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Giovanna Cipriano	officer: SVP & Chief Accounting Officer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Todd Greener	officer: SVP, Global Supply Chain	330 WEST 34TH STREET, NEW YORK NY 10001
Richard A Johnson	director, officer: President & CEO	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Rosalind Reeves	officer: EVP, Chief HR Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Elliott Rodgers	officer: EVP, Chief Operations Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Vesa Equity Investment S.a R.l.	10 percent owner	2, PLACE DE PARIS, LUXEMBOURG N4 L-2314
Nitin Neil Bansal	officer: EVP,Chief Strat&Transform Off	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Andrew E Page	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Samantha Lomow	officer: President, Global Brands	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Virginia Drosos	director	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11