Five Below Inc (FIVE)
Interest coverage
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 349,931 | 385,571 | 385,571 | 345,043 | 345,043 |
| Interest expense | US$ in thousands | — | — | — | 2,491 | 2,491 |
| Interest coverage | — | — | — | 138.52 | 138.52 |
January 31, 2025 calculation
Interest coverage = EBIT ÷ Interest expense
= $349,931K ÷ $—K
= —
Interest coverage ratio is a financial metric used to assess a company's ability to meet its interest payments on debt obligations. The ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.
For Five Below Inc, the interest coverage ratio for January 28, 2023 and January 31, 2023 is 138.52, indicating that the company's earnings are sufficient to cover its interest expenses approximately 138 times over. This high ratio suggests that Five Below Inc has a strong ability to meet its interest obligations.
However, for the subsequent periods of January 31, 2024, February 3, 2024, and January 31, 2025, the data is not available (denoted as "—"). Without the specific figures for these periods, it is not possible to determine the trend in the interest coverage ratio over time.
In conclusion, based on the available data, Five Below Inc has demonstrated a robust interest coverage ratio, indicating a healthy financial position with a strong ability to manage its debt obligations.
Peer comparison
Jan 31, 2025