DSNY (Destiny Media Technologies) Interest Coverage : No Debt ⁽¹⁾ (As of Aug. 2024)

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What is Destiny Media Technologies 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. Destiny Media Technologies's Operating Income for the three months ended in Aug. 2024 was $-0.15 Mil. Destiny Media Technologies's Interest Expense for the three months ended in Aug. 2024 was $0.00 Mil. Destiny Media Technologies has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Destiny Media Technologies Inc has no debt.

(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 Destiny Media Technologies's Interest Coverage or its related term are showing as below:

DSNY' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

DSNY's Interest Coverage is ranked better than
99.07% of 1618 companies
in the Software industry
Industry Median: 27.82 vs DSNY: No Debt

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

Destiny Media Technologies Interest Coverage Historical Data

The historical data trend for Destiny Media Technologies'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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Destiny Media Technologies Interest Coverage Chart

Destiny Media Technologies Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Interest Coverage

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N/A

No Debt

Destiny Media Technologies Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Destiny Media Technologies's Interest Coverage

For the Software - Application subindustry, Destiny Media Technologies'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.

Destiny Media Technologies's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where Destiny Media Technologies's Interest Coverage falls into.

Destiny Media Technologies 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.

Destiny Media Technologies's Interest Coverage for the fiscal year that ended in Aug. 2024 is calculated as

Here, for the fiscal year that ended in Aug. 2024, Destiny Media Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Destiny Media Technologies had no debt ⁽¹⁾.

Destiny Media Technologies's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Here, for the three months ended in Aug. 2024, Destiny Media Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Destiny Media Technologies had no debt ⁽¹⁾.

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

Destiny Media Technologies (OTCPK:DSNY) 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 .

Destiny Media Technologies Interest Coverage Related Terms

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

Destiny Media Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (OTCPK:DSNY) » Definitions » Interest Coverage

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DSY:Canada

Address

1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are; Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers; MTR, a digital tracking service that tracks and reports the number and times an individual track is played; and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking, and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers. Geographically, the company derives maximum revenue from Canada.

Executives

Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503
Olya Massalitina	officer: Chief Financial Officer	1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2
David M. Mossberg	director	1905 HAY MEADOW COURT, SOUTHLAKE TX 76092
Hyonmyong Cho	director	961 PASEO DEL SUR, SANTA FE NM 87501
Fred Vandenberg	officer: Chief Financial Officer	800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1
Samuel Ritchie	officer: CFO	24414 113 AVE, MAPLE RIDGE A1 V2W0H4
David Alexander Summers	director	C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8
Steve Vestergaard	director, 10 percent owner, officer: Chief Executive Officer	650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0
Sandra Boenisch	officer: CFO	51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019
Samuel Jay Graber	director	3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230
Haig S Bagerdjian	director	2777 NORTH ONTARIO ST, BURBANK CA 91504
Dale Borland	officer: VP and COO of Subsidiary	SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7
Edward Kolic	director
Yoshitaro Kumagai	director	5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051
Lawrence Jeffrey Langs	director	134 LA ESPIRAL ROAD, ORINDA CA 94563