Newell Brands (NWL) Interest Coverage Ratio (2009 - 2024)
Newell Brands' (NWL) quarterly Interest Coverage Ratio came in at 0.23 in Q1 2024, up 143.17% on a YoY basis from 0.09 in Q2 2023, and up 260.0% quarter-over-quarter from 0.14 in Q4 2023.
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Newell Brands (NWL) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Newell Brands (NWL) has reported Interest Coverage Ratio for 16 consecutive years, with 0.23 the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Interest Coverage Ratio rose 143.17% year-over-year to 0.23; the trailing twelve-month figure through Mar 2024 stood at 0.12 (down 147.89% YoY), and the FY2023 full-year result was 0.3, down 122.62% from the prior year.
- Interest Coverage Ratio climbed to 0.23 in Q1 2024 per NWL's latest filing, from 0.14 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 5.96 in Q2 2022 and bottomed at 22.35 in Q1 2020.
- Historically, Interest Coverage Ratio has averaged 0.55 across 5 years, with a median of 2.3 in 2020.
- The widest YoY moves for Interest Coverage Ratio: up 144.74% in 2020, down 14999.47% in 2020.
- Over 5 years, Interest Coverage Ratio stood at 3.67 in 2020, then fell by 21.42% to 2.88 in 2021, then slumped by 248.04% to 4.27 in 2022, then soared by 96.65% to 0.14 in 2023, then jumped by 260.0% to 0.23 in 2024.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 0.23, 0.14, and 2.3 for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 24.43 Bn | 23.65 Bn | 860.34 Mn | - |
| 2 | Newell Brands | 2.60 Bn | 2.39 Bn | 812.00 Mn | - |
| 3 | Whirlpool | 2.55 Bn | 1.30 Bn | 442.00 Mn | 2.59 |
| 4 | Helen Of Troy | 661.31 Mn | 639.63 Mn | 184.86 Mn | 4.93 |
| 5 | Hamilton Beach Brands Holding | 417.84 Mn | 316.37 Mn | 77.50 Mn | - |
| 6 | Lifetime Brands | 203.91 Mn | 198.46 Mn | 93.24 Mn | 7.67 |
| 7 | Traeger | 139.68 Mn | 80.00 Mn | 47.42 Mn | -0.21 |
| 8 | Viomi Technology | 77.52 Mn | -32.92 Mn | - | - |
| 9 | Fenbo Holdings | 8.52 Mn | 5.82 Mn | - | - |
| 10 | Hypha Labs | 1.64 Mn | 1.63 Mn | - | -0.62 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 0.23 |
| Dec 31, 2023 | -0.14 |
| Sep 30, 2023 | -2.30 |
| Jun 30, 2023 | 1.58 |
| Mar 31, 2023 | -0.53 |
| Dec 31, 2022 | -4.27 |
| Sep 30, 2022 | 0.70 |
| Jun 30, 2022 | 5.96 |
| Mar 31, 2022 | 3.68 |
| Dec 31, 2021 | 2.88 |
| Sep 30, 2021 | 4.86 |
| Jun 30, 2021 | 5.06 |
| Mar 31, 2021 | 2.96 |
| Dec 31, 2020 | 3.67 |
| Sep 30, 2020 | 5.11 |
| Jun 30, 2020 | 2.30 |
| Mar 31, 2020 | -22.35 |
| Dec 31, 2019 | 1.89 |
| Sep 30, 2019 | -11.43 |
| Jun 30, 2019 | 2.96 |