Emmis Communications (Emmis Communications) Interest Coverage : 0 (At Loss) (As of Feb. 2020)

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What is Emmis Communications 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. Emmis Communications's Operating Income for the three months ended in Feb. 2020 was $-2.79 Mil. Emmis Communications's Interest Expense for the three months ended in Feb. 2020 was $-0.78 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

EMMSP.PFD's Interest Coverage is not ranked ^*
in the Media - Diversified industry.
Industry Median: 11.87
* 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.

Emmis Communications Interest Coverage Historical Data

The historical data trend for Emmis Communications'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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Emmis Communications Interest Coverage Chart

Emmis Communications Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Interest Coverage

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1.54

1.02

0.95

Emmis Communications Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Interest Coverage	Get a 7-Day Free Trial															-	3.16	-	-	-

Competitive Comparison of Emmis Communications's Interest Coverage

For the Broadcasting subindustry, Emmis Communications'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.

Emmis Communications's Interest Coverage Distribution in the Media - Diversified Industry

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

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

Emmis Communications 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.

Emmis Communications's Interest Coverage for the fiscal year that ended in Feb. 2020 is calculated as

Here, for the fiscal year that ended in Feb. 2020, Emmis Communications's Interest Expense was $-3.82 Mil. Its Operating Income was $-13.27 Mil. And its Long-Term Debt & Capital Lease Obligation was $56.64 Mil.

Emmis Communications did not have earnings to cover the interest expense.

Emmis Communications's Interest Coverage for the quarter that ended in Feb. 2020 is calculated as

Here, for the three months ended in Feb. 2020, Emmis Communications's Interest Expense was $-0.78 Mil. Its Operating Income was $-2.79 Mil. And its Long-Term Debt & Capital Lease Obligation was $56.64 Mil.

Emmis Communications did not have earnings to cover the interest expense.

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

Emmis Communications (OTCPK:EMMSP.PFD) 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 .

Emmis Communications Interest Coverage Related Terms

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

Emmis Communications (Emmis Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emmis Communications Corp (OTCPK:EMMSP.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204

Website

https://www.emmis.com

Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.

Executives

Paul V. Brenner	officer: President	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Herbert Simon	other: Member of 10% owner 13d group	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Hsjs, Llc	other: Member of 10% owner 13d group	C/O MELVIN SIMON & ASSOCIATES, 225 W WASHINGTON ST, INDIANAPOLIS IN 46204
2012 Retention Plan Trust	10 percent owner	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Michelle Duncan Bergman	director	25 WEST ROAD, SHORT HILLS NJ 07078
Joseph R Siegelbaum	director	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Bradley Louis Radoff	10 percent owner	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Group, Lllp Djd	other: member of 10% owner group	4221 WEST BOY SCOUT BOULEVARD, SUITE 1000, TAMPA FL 33607
Family Foundation Radoff	10 percent owner	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Defosset Don	other: member of 10% owner group	4221 WEST BOY SCOUT BOULEVARD, SUITE 1000, TAMPA FL 33607
Smith Management Llc	10 percent owner	885 THIRD AVENUE, 34TH FLOOR, NEW YORK NY 10022
Alden Global Capital Ltd	10 percent owner	THIRD FLOOR, ONE WAVERLEY PLACE, UNION STREET, ST. HELIER Y9 JE2 3RF