Ulta Beauty Inc (ULTA)
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 | 1,578,660 | 1,678,030 | 1,695,650 | 1,638,610 | 1,638,610 |
| Interest expense | US$ in thousands | — | -17,622 | 17,622 | 4,934 | 4,934 |
| Interest coverage | — | — | 96.22 | 332.11 | 332.11 |
January 31, 2025 calculation
Interest coverage = EBIT ÷ Interest expense
= $1,578,660K ÷ $—K
= —
The interest coverage ratio for Ulta Beauty Inc has demonstrated a consistent and strong performance in recent years. As of January 28, 2023, and January 31, 2023, the interest coverage ratio stood impressively high at 332.11, indicating the company's ability to cover its interest expenses over 300 times using its operating income.
However, there was a notable decrease in the interest coverage ratio to 96.22 as of January 31, 2024. This decrease may raise some concerns as it signifies a lower ability to cover interest payments compared to previous periods.
Unfortunately, the interest coverage data for February 3, 2024, and January 31, 2025, is not available ("—"). It would be essential for stakeholders to monitor future financial reports to assess whether this decline in the interest coverage ratio is a temporary anomaly or a potential red flag for Ulta Beauty's financial health.
Peer comparison
Jan 31, 2025