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GAM Holding AG (GAM Holding AG) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is GAM Holding AG Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. GAM Holding AG's Operating Income for the six months ended in Dec. 2023 was $-38.3 Mil. GAM Holding AG's Interest Expense for the six months ended in Dec. 2023 was $-1.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for GAM Holding AG's Interest Coverage or its related term are showing as below:


GMHLF's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 38.13
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


GAM Holding AG Interest Coverage Historical Data

The historical data trend for GAM Holding AG's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

GAM Holding AG Interest Coverage Chart

GAM Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 - - - -

GAM Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of GAM Holding AG's Interest Coverage

For the Asset Management subindustry, GAM Holding AG's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GAM Holding AG's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAM Holding AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GAM Holding AG's Interest Coverage falls into.



GAM Holding AG Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

GAM Holding AG's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, GAM Holding AG's Interest Expense was $-1.9 Mil. Its Operating Income was $-65.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $42.3 Mil.

GAM Holding AG did not have earnings to cover the interest expense.

GAM Holding AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, GAM Holding AG's Interest Expense was $-1.3 Mil. Its Operating Income was $-38.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $42.3 Mil.

GAM Holding AG did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


GAM Holding AG  (OTCPK:GMHLF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


GAM Holding AG Interest Coverage Related Terms

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GAM Holding AG (GAM Holding AG) Business Description

Traded in Other Exchanges
Address
Hardstrasse 201, Zurich, CHE, CH-8037
GAM Holding AG is a global asset manager with products that cater to institutions, intermediaries, and private clients. Customers are offered directional and absolute return strategies across an array of asset classes and strategies. In addition to an asset-management business, clients are offered private labeling services, such as fund administration and management company services. Asset management services are distributed through the GAM and Julius Bae brands and include investment advice from internal and external professionals.

GAM Holding AG (GAM Holding AG) Headlines

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