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Channel Nine Entertainment (BOM:535142) Interest Coverage : N/A (As of Mar. 2023)


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What is Channel Nine 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. Channel Nine Entertainment's Operating Income for the six months ended in Mar. 2023 was ₹-2.35 Mil. Channel Nine Entertainment's Interest Expense for the six months ended in Mar. 2023 was ₹0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Channel Nine Entertainment Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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


BOM:535142's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.54
* 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.


Channel Nine Entertainment Interest Coverage Historical Data

The historical data trend for Channel Nine 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.

Channel Nine Entertainment Interest Coverage Chart

Channel Nine Entertainment Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Interest Coverage
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Channel Nine Entertainment Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 N/A N/A N/A N/A N/A

Competitive Comparison of Channel Nine Entertainment's Interest Coverage

For the Entertainment subindustry, Channel Nine 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.


Channel Nine Entertainment's Interest Coverage Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Channel Nine Entertainment's Interest Coverage falls into.



Channel Nine 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.

Channel Nine Entertainment's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Channel Nine Entertainment's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-5.06 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.06 Mil.

GuruFocus does not calculate Channel Nine Entertainment's interest coverage with the available data.

Channel Nine Entertainment's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Channel Nine Entertainment's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-2.35 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.06 Mil.

GuruFocus does not calculate Channel Nine Entertainment's interest coverage with the available data.

* 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.


Channel Nine Entertainment  (BOM:535142) 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 .


Channel Nine Entertainment Interest Coverage Related Terms

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


Channel Nine Entertainment (BOM:535142) Business Description

Traded in Other Exchanges
N/A
Address
Asaf Ali Road, 3/12, Ground Floor, New Delhi, IND, 110002
Channel Nine Entertainment Ltd is engaged in the business of production, marketing, distribution of Television serials, Television Programmes, Films, Video films, Corporate Films, Feature films, Documentaries, and Marketing of sports and Entertainment events. The company outsources processing services like content development, multimedia, editing and sound recording.

Channel Nine Entertainment (BOM:535142) Headlines

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