Boot Barn Holdings Inc (BOOT)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 241,614 | 215,648 | 191,572 | 189,172 | 184,823 | 183,777 | 180,838 | 165,842 | 171,525 | 172,569 | 192,245 | 218,841 | 220,436 | 229,041 | 178,584 | 138,576 | 86,691 | 63,360 | 56,596 | 59,413 |
| Interest expense (ttm) | US$ in thousands | 1,497 | 1,381 | 1,487 | 1,566 | 2,238 | 3,543 | 5,279 | 6,178 | 5,880 | 4,733 | 4,142 | 3,942 | 5,780 | 7,507 | 8,143 | 9,364 | 9,442 | 10,268 | 11,120 | 12,047 |
| Interest coverage | 161.40 | 156.15 | 128.83 | 120.80 | 82.58 | 51.87 | 34.26 | 26.84 | 29.17 | 36.46 | 46.41 | 55.52 | 38.14 | 30.51 | 21.93 | 14.80 | 9.18 | 6.17 | 5.09 | 4.93 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $241,614K ÷ $1,497K
= 161.40
Boot Barn Holdings Inc has shown a consistent improvement in its interest coverage ratio over the analyzed periods from June 30, 2020, to March 31, 2025. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating earnings.
The trend displays a significant increase in the interest coverage ratio, starting at 4.93 on June 30, 2020, and reaching 161.40 on March 31, 2025. This indicates that the company's operating earnings have been sufficient to cover its interest expenses multiple times over, reflecting a strong financial position.
Overall, the trend suggests that Boot Barn Holdings Inc has been effectively managing its interest obligations and generating robust operating earnings, which is a positive indicator of the company's financial health and ability to meet its debt obligations.
Peer comparison
Mar 31, 2025