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Broadside Enterprises (Broadside Enterprises) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Broadside Enterprises 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. Broadside Enterprises's Operating Income for the three months ended in . 20 was $0.00 Mil. Broadside Enterprises's Interest Expense for the three months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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


BRSE's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.615
* 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.


Broadside Enterprises Interest Coverage Historical Data

The historical data trend for Broadside Enterprises'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.

Broadside Enterprises Interest Coverage Chart

Broadside Enterprises Annual Data
Trend
Interest Coverage

Broadside Enterprises Quarterly Data
Interest Coverage

Competitive Comparison of Broadside Enterprises's Interest Coverage

For the Entertainment subindustry, Broadside Enterprises'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.


Broadside Enterprises's Interest Coverage Distribution in the Media - Diversified Industry

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

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



Broadside Enterprises 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.

Broadside Enterprises's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Broadside Enterprises's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Broadside Enterprises had no debt (1).

Broadside Enterprises's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Broadside Enterprises's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Broadside Enterprises had no debt (1).

* 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.


Broadside Enterprises  (OTCPK:BRSE) 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 .


Broadside Enterprises Interest Coverage Related Terms

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Broadside Enterprises (Broadside Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
807 Avenida Juan Ponce de Leon, PMB 0244, San Juan, PR, USA, PR 00907
Broadside Enterprises Inc is a development stage company. Its operations are structured along with four divisions, Media, Branded goods, Real estate, and Blockchain technology. Its Media division is focused on the development, financing, acquisition, and distribution of media assets. The Real estate division seeks to finance, acquire and develop long-term assets for the company in both residential and commercial real estate as well as natural resources with a focus on Africa and the Middle East. The Blockchain technologies division intends to establish a crypto-mining operation and develop token and blockchain applications.