World Wrestling Entertainment (World Wrestling Entertainment) Interest Coverage : 17.66 (As of Jun. 2023)

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What is World Wrestling Entertainment 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. World Wrestling Entertainment's Operating Income for the three months ended in Jun. 2023 was $87 Mil. World Wrestling Entertainment's Interest Expense for the three months ended in Jun. 2023 was $-5 Mil. World Wrestling Entertainment's interest coverage for the quarter that ended in Jun. 2023 was 17.66. The higher the ratio, the stronger the company's financial strength is.

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

WWE' s Interest Coverage Range Over the Past 10 Years
Min: 3.37 Med: 7.43 Max: 19.4
Current: 13.52

WWE's Interest Coverage is not ranked
in the Media - Diversified industry.
Industry Median: 11.94 vs WWE: 13.52

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

World Wrestling Entertainment Interest Coverage Historical Data

The historical data trend for World Wrestling Entertainment'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.

World Wrestling Entertainment Interest Coverage Chart

World Wrestling Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

7.43

4.46

5.86

7.62

13.39

World Wrestling Entertainment Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial															14.96	10.91	13.10	12.49	17.66

Competitive Comparison of World Wrestling Entertainment's Interest Coverage

For the Entertainment subindustry, World Wrestling Entertainment'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.

World Wrestling Entertainment's Interest Coverage Distribution in the Media - Diversified Industry

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

* The bar in red indicates where World Wrestling Entertainment's Interest Coverage falls into.

World Wrestling Entertainment 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.

World Wrestling Entertainment'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, World Wrestling Entertainment's Interest Expense was $-21 Mil. Its Operating Income was $283 Mil. And its Long-Term Debt & Capital Lease Obligation was $399 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	283.225	/	-21.156
	=	13.39

World Wrestling Entertainment's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, World Wrestling Entertainment's Interest Expense was $-5 Mil. Its Operating Income was $87 Mil. And its Long-Term Debt & Capital Lease Obligation was $396 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	87.335	/	-4.945
	=	17.66

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

World Wrestling Entertainment (NYSE:WWE) 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 .

World Wrestling Entertainment Interest Coverage Related Terms

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

World Wrestling Entertainment (World Wrestling Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » World Wrestling Entertainment Inc (NYSE:WWE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 East Main Street, Stamford, CT, USA, 06902

Website

https://www.wwe.com

World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America.

Executives

Karen M Mullane	officer: Controller & Chief Accting Off	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rajan Mehta	officer: EVP, Chief Product & Tech Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Suzette Ramirez-carr	officer: EVP, Chief Human Resources Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Steve Pamon	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Steven R Koonin	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Mckenna Michelle	director	20 DAVIS DRIVE, BELMONT CA 94002
Nick Khan	director, officer: Chief Executive Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Maurice F Edelson	officer: EVP, Chief Legal Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Dillon Joellen Lyons	director	BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL
Riddick Frank A Iii	officer: President & CFO	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Ignace Lahoud	director	1241 EAST MAIN STREET, STAMFORD CT 06902
Kevin Dunn	officer: Exec Prod. & Chief Glob. Telev	1241 EST MAIN STREET, STAMFORD CT 06902
Elisebeth Collins	officer: SVP General Counsel & Corp Sec	1241 EAST MAIN STREET, STAMFORD CT 06902
Bradley Blum	officer: EVP, Operations & COS	1241 EAST MAIN STREET, STAMFORD CT 06902
Samira Shah	officer: EVP, General Counsel & Corp Se	1241 EAST MAIN STREET, STAMFORD CT 06902