Urban One (Urban One) Interest Coverage : 2.10 (As of Sep. 2023)

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What is Urban One 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. Urban One's Operating Income for the three months ended in Sep. 2023 was $29.3 Mil. Urban One's Interest Expense for the three months ended in Sep. 2023 was $-14.0 Mil. Urban One's interest coverage for the quarter that ended in Sep. 2023 was 2.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Urban One's Interest Coverage or its related term are showing as below:

UONEK' s Interest Coverage Range Over the Past 10 Years
Min: 0.97 Med: 1.15 Max: 2.19
Current: 1.96

UONEK's Interest Coverage is ranked worse than
84.78% of 611 companies
in the Media - Diversified industry
Industry Median: 11.96 vs UONEK: 1.96

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

Urban One Interest Coverage Historical Data

The historical data trend for Urban One'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.

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Urban One Interest Coverage Chart

Urban One Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

1.24

1.20

1.56

1.80

2.19

Urban One Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															2.18	1.72	1.77	2.27	2.10

Competitive Comparison of Urban One's Interest Coverage

For the Broadcasting subindustry, Urban One'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.

Urban One's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Urban One's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Urban One's Interest Coverage falls into.

Urban One 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.

Urban One's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Urban One's Interest Expense was $-61.8 Mil. Its Operating Income was $135.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $764.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	135.37	/	-61.751
	=	2.19

Urban One's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Urban One's Interest Expense was $-14.0 Mil. Its Operating Income was $29.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $736.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	29.336	/	-13.983
	=	2.10

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

Urban One (NAS:UONEK) 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 .

Urban One Interest Coverage Related Terms

Thank you for viewing the detailed overview of Urban One's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Urban One (Urban One) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Urban One Inc (NAS:UONEK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

UONE:USA UA1:Germany

Address

1010 Wayne Avenue, 14th Floor, Silver Spring, MD, USA, 20910

Website

https://www.urban1.com

Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.

Executives

David M Kantor	officer: CEO, Radio Division	1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910
Kristopher Simpson	officer: SVP & General Counsel	1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910
Mitchell B Doyle Jr	director
Tcs Capital Advisors, Llc	10 percent owner	142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
Eric Semler	10 percent owner	4625 FIELDSTON ROAD, BRONX NY 10471
Tcs Capital Management Llc	10 percent owner	142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
D Geoffrey Armstrong	director	5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Terry L Jones	director	C/O CYBER DIGITAL INC, 400 OSER AVENUE, HAUPPAUGE NY 11788
Catherine L Hughes	director, 10 percent owner, officer: Chairperson and Secretary	5900 PRINCESS GARDEN PARKWAY 8TH FL, LANHAM MD 20706
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Leveraged Capital Structures Fund Ltd.	10 percent owner	ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Morgan Donald E Iii	10 percent owner	C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022
Brigade Capital Management Gp, Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Karen Wishart	officer: EVP	1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910
Christopher J. Wegmann	officer: President, Radio Division	1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910