Ross Stores (Ross Stores) Interest Expense

: $-74 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ross Stores's interest expense for the three months ended in Jan. 2024 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-74 Mil.

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. Ross Stores's Operating Income for the three months ended in Jan. 2024 was $ 744 Mil. Ross Stores's Interest Expense for the three months ended in Jan. 2024 was $ -18 Mil. Ross Stores's Interest Coverage for the quarter that ended in Jan. 2024 was 41.97. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ross Stores Interest Expense Historical Data

The historical data trend for Ross Stores's Interest Expense 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.

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Ross Stores Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

-9.74

-88.06

-75.16

-80.55

-74.09

Ross Stores Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-20.37	-19.43	-18.69	-18.24	-17.73

Ross Stores Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-74 Mil.

Ross Stores (NAS:ROST) Interest Expense Explanation

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

Ross Stores's Interest Expense for the three months ended in Jan. 2024 was $-18 Mil. Its Operating Income for the three months ended in Jan. 2024 was $744 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $4,814 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	744.054	/	-17.73
	=	41.97

The higher the ratio, the stronger the company's financial strength is.

Ross Stores (Ross Stores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ross Stores Inc (NAS:ROST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ROST:Mexico RSO:Germany RSO:Germany ROST34:Brazil ROST:Austria ROST:Argentina

Address

5130 Hacienda Drive, Dublin, CA, USA, 94568-7579

Website

https://www.rossstores.com

Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.

Executives

Stephen C Brinkley	officer: PRESIDENT, OPERATIONS	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael K Kobayashi	officer: SR VP, CIO	5130 HACIENDA DRIVE, DUBLIN CA 94568
Barbara Rentler	director, officer: Chief Executive Officer	5130 HACIENDA DRIVE, DUBLIN CA 94568
Brian R. Morrow	officer: President, Merchandising	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J. Hartshorn	officer: S.V.P. Chief Financial Officer	5130 HACIENDA DRIVE, DUBLIN CA 94568
Jeffrey P Burrill	officer: SVP, CAO & CORP CONTROLLER	5130 HACIENDA DRIVE, DUBLIN CA 94568
Edward G Cannizzaro	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J Bush	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Adam M Orvos	officer: EVP, Chief Financial Officer	5130 HACIENDA DRIVE, DUBLIN CA 94566
George Orban	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael Balmuth	director, officer: CEO	5130 HACIENDA DRIVE, DUBLIN CA 94568
Travis Marquette	officer: GSVP, Chief Financial Officer	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Doniel Sutton	director	C/O MORNINGSTAR, INC., 22 WEST WASHINGTON STREET, CHICAGO IL 60602
Larree M Renda	director
Patricia H Mueller	director	2481 MANANA DRIVE, DALLAS TX 75220