Johnson Outdoors (Johnson Outdoors) Interest Coverage : 1.21 (As of Dec. 2023)

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What is Johnson Outdoors Interest Coverage?

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. Johnson Outdoors's Operating Income for the three months ended in Dec. 2023 was $0.0 Mil. Johnson Outdoors's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Johnson Outdoors's interest coverage for the quarter that ended in Dec. 2023 was 1.21. The higher the ratio, the stronger the company's financial strength is.

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

JOUT' s Interest Coverage Range Over the Past 10 Years
Min: 20.64 Med: 193.85 Max: 767.47
Current: 41.27

JOUT's Interest Coverage is ranked better than
78.64% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs JOUT: 41.27

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

Johnson Outdoors Interest Coverage Historical Data

The historical data trend for Johnson Outdoors'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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Johnson Outdoors Interest Coverage Chart

Johnson Outdoors Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

Get a 7-Day Free Trial

370.78

496.99

767.47

433.40

77.24

Johnson Outdoors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															147.89	299.74	447.26	-	1.21

Competitive Comparison of Johnson Outdoors's Interest Coverage

For the Leisure subindustry, Johnson Outdoors'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.

Johnson Outdoors's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Johnson Outdoors's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Johnson Outdoors's Interest Coverage falls into.

Johnson Outdoors 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.

Johnson Outdoors's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Johnson Outdoors's Interest Expense was $-0.2 Mil. Its Operating Income was $11.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $45.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	11.74	/	-0.152
	=	77.24

Johnson Outdoors's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Johnson Outdoors's Interest Expense was $-0.0 Mil. Its Operating Income was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $46.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.046	/	-0.038
	=	1.21

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

Johnson Outdoors (NAS:JOUT) 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 .

Johnson Outdoors Interest Coverage Related Terms

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

Johnson Outdoors (Johnson Outdoors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Johnson Outdoors Inc (NAS:JOUT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Main Street, Racine, WI, USA, 53403

Website

https://www.johnsonoutdoors.com

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products used for fishing from a boat, diving, paddling, hiking and camping. The company has four operating segment: Fishing, Camping, Watercraft Recreation, and Diving. It generates maximum revenue from the Fishing segment which produces and markets products under different brands such as Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and other regions.

Executives

David W Johnson	officer: VP and Chief Financial Officer	C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
Jeffrey M Stutz	director	855 EAST MAIN, ZEELAND MI 49464
Fahey John M Jr	director	C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Liliann Annie Zipfel	director	555 MAIN STREET, RACINE WI 53403
Paul Garvin Alexander	director	2400 MASSACHUSETTS AVENUE, LEXINGTON MA 02421
Pyle Thomas F Jr	director	3500 CORBEN COURT, MADISON WI 53704
Edward F Lang	director	C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
Terry E London	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Richard Case Sheahan	director	C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
William D Perez	director
Edward A Stevens	director	555 MAIN STREET, RACINE WI 53403
Katherine Button Bell	director	10 PICARDY LANE, ST LOUIS MO 63124
Towerview Llc	10 percent owner	460 PARK AVENUE, NEW YORK NY 10022
Johnson Leipold Helen P	director, 10 percent owner, officer: Chairman and CEO	C/OJ/K MANAGEMENT SERVICES INC, 555 MAIN STREET, RACINE WI 53403-1015
Daniel R Tisch	10 percent owner	460 PARK AVENUE, NEW YORK NY 10022