Ollie's Bargain Outlet Hldg (OLLI)

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 249,503 227,799 242,485 133,883 130,918
Interest expense US$ in thousands 267 14,686 2,965 256
Interest coverage 853.18 16.51 45.15 511.40

January 31, 2025 calculation

Interest coverage = EBIT ÷ Interest expense
= $249,503K ÷ $—K
= —

The interest coverage ratio of Ollie's Bargain Outlet Hldg has fluctuated significantly over the analyzed periods. Starting from January 28, 2023, with a robust interest coverage of 511.40, the ratio dropped notably to 45.15 by January 31, 2023. This decline could indicate a potential strain on the company's ability to meet its interest payments comfortably.

Subsequently, the interest coverage ratio further decreased to 16.51 by January 31, 2024, signaling a potential increase in the company's financial risk and vulnerability to interest rate changes. However, there was a sharp improvement in the ratio by February 3, 2024, spiking to 853.18, which may suggest a significant increase in the company's ability to cover interest expenses.

The data for January 31, 2025, is unavailable (indicated by "—"), preventing a current assessment of the interest coverage ratio for that period. Overall, the varying trend in Ollie's Bargain Outlet Hldg interest coverage ratio could reflect fluctuations in the company's financial performance and capacity to service its debt obligations. Further analysis and additional data would be necessary to assess the company's current financial health accurately.