TiVo (ROVI) Interest Coverage

: 0.86 (As of Mar. 2020)

View and export this data going back to 1997. Start your Free Trial

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. TiVo's Operating Income for the three months ended in Mar. 2020 was $14.7 Mil. TiVo's Interest Expense for the three months ended in Mar. 2020 was $-17.0 Mil. TiVo's interest coverage for the quarter that ended in Mar. 2020 was 0.86. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. TiVo Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

ROVI' s Interest Coverage Range Over the Past 10 Years
Min: 0.39 Med: 1.47 Max: 2.45
Current: 0.74

ROVI's Interest Coverage is not ranked
in the Software industry.
Industry Median: 29.54 vs ROVI: 0.74

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

TiVo Interest Coverage Historical Data

The historical data trend for TiVo'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.

TiVo Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Coverage

Get a 7-Day Free Trial

1.58

1.12

0.56

0.39

TiVo Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Interest Coverage	Get a 7-Day Free Trial															-	1.23	0.15	0.66	0.86

Competitive Comparison

For the Software - Application subindustry, TiVo'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.

TiVo Interest Coverage Distribution

For the Software industry and Technology sector, TiVo's Interest Coverage distribution charts can be found below:

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

TiVo 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.

TiVo's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, TiVo's Interest Expense was $-49.9 Mil. Its Operating Income was $19.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $704.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2019 )	/	Interest Expense (A: Dec. 2019 )
	=	-1	*	19.666	/	-49.902
	=	0.39

TiVo's Interest Coverage for the quarter that ended in Mar. 2020 is calculated as

Here, for the three months ended in Mar. 2020, TiVo's Interest Expense was $-17.0 Mil. Its Operating Income was $14.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $684.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2020 )	/	Interest Expense (Q: Mar. 2020 )
	=	-1	*	14.692	/	-17.049
	=	0.86

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

TiVo (NAS:ROVI) 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 .

TiVo Interest Coverage Related Terms

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

TiVo (ROVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TiVo Corp (NAS:ROVI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2160 Gold Street, San Jose, CA, USA, 95002

Website

http://www.tivo.com

TiVo Corp is engaged in media and entertainment products. It provides a broad set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment. In addition, it also offers advanced media and advertising solutions, including viewership data, audience insights and advertising and programming promotion optimization, which enable advanced audience targeting in linear television advertising. The group solutions are sold globally to cable, satellite, and telecommunications pay-TV service providers, virtual service providers, content and new media companies and advertisers. Geographically its presence is seen in US and other international markets.