GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitches Inc (OTCPK:NICH) » Definitions » Interest Expense

Nitches (Nitches) Interest Expense : $-2.07 Mil (TTM As of Feb. 2024)


View and export this data going back to 1985. Start your Free Trial

What is Nitches Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nitches's interest expense for the three months ended in Feb. 2024 was $ -1.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-2.07 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. Nitches's Operating Income for the three months ended in Feb. 2024 was $ 0.15 Mil. Nitches's Interest Expense for the three months ended in Feb. 2024 was $ -1.24 Mil. Nitches's Interest Coverage for the quarter that ended in Feb. 2024 was 0.12. 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.

Nitches Interest Expense Historical Data

The historical data trend for Nitches'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.

* Premium members only.

Nitches Interest Expense Chart

Nitches Annual Data
Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug22 Aug23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -0.61

Nitches Quarterly Data
Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Interest Expense Get a 7-Day Free Trial 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 -0.08 -0.51 -0.07 -0.24 -1.24

Nitches 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.07 Mil.

* 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.

Nitches  (OTCPK:NICH) Interest Expense Explanation

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. The higher, the better.

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

Nitches's Interest Expense for the three months ended in Feb. 2024 was $-1.24 Mil. Its Operating Income for the three months ended in Feb. 2024 was $0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

Nitches's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Feb. 2024 )/Interest Expense (Q: Feb. 2024 )
=-1*0.146/-1.243
=0.12

* 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.

Nitches (Nitches) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitches Inc (OTCPK:NICH) » Definitions » Interest Expense
Comparable Companies
SKFG AHRO OSTO:HM B MIL:MONC RL LEVI WAR:LPP PVH HKSE:03998 TSX:GIL SHSE:600398 VFC SHSE:600177 COLM BOM:532827 TPE:1476 XTER:BOSS KTB NSE:ABFRL ZGN
Traded in Other Exchanges
N/A
Address
1333 N Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128
Website
https://www.nitchescorp.com
Nitches Inc is focused on distribution and production of household, lifestyle, travel & leisure, and sports goods and clothing, with a long-term objective of bringing sustainable business practices to the supply chain for these products. The company is in the business of wholesale manufactured goods and white-labels them under the brand names of their Social Media Partners and also distributes them in an online department store, where its social media partners can sell their respective white labeled merchandise to their audience.
Executives
T. Jefferson Straub director C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Eitan X. Haber officer: COO & Senior VP C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Haresh Tharani 10 percent owner 1400 BROADWAY, 33RD FLOOR, NEW YORK NY 10018
Paul M Wyandt director, officer: President & COO 10445 ABALONE LANDING, SAN DIEGO CA 92130
Price Eugene B Ii director
Michael D Sholtis director 10280 CAMINO SANTA FE, SAN DIEGO CA 92121