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Goodbye Kansas Group AB (FRA:3MB) Interest Coverage : 6.63 (As of Dec. 2024)


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What is Goodbye Kansas Group AB 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. Goodbye Kansas Group AB's Operating Income for the three months ended in Dec. 2024 was €0.68 Mil. Goodbye Kansas Group AB's Interest Expense for the three months ended in Dec. 2024 was €-0.10 Mil. Goodbye Kansas Group AB's interest coverage for the quarter that ended in Dec. 2024 was 6.63. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Goodbye Kansas Group AB's Interest Coverage or its related term are showing as below:


FRA:3MB's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.42
* 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.


Goodbye Kansas Group AB Interest Coverage Historical Data

The historical data trend for Goodbye Kansas Group AB'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.

Goodbye Kansas Group AB Interest Coverage Chart

Goodbye Kansas Group AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only - - - - -

Goodbye Kansas Group AB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - 6.63

Competitive Comparison of Goodbye Kansas Group AB's Interest Coverage

For the Entertainment subindustry, Goodbye Kansas Group AB'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.


Goodbye Kansas Group AB's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Goodbye Kansas Group AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Goodbye Kansas Group AB's Interest Coverage falls into.


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Goodbye Kansas Group AB 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.

Goodbye Kansas Group AB's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Goodbye Kansas Group AB's Interest Expense was €-0.18 Mil. Its Operating Income was €-4.33 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Goodbye Kansas Group AB did not have earnings to cover the interest expense.

Goodbye Kansas Group AB's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Goodbye Kansas Group AB's Interest Expense was €-0.10 Mil. Its Operating Income was €0.68 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*0.676/-0.102
=6.63

* 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.


Goodbye Kansas Group AB  (FRA:3MB) 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 .


Goodbye Kansas Group AB Interest Coverage Related Terms

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


Goodbye Kansas Group AB Business Description

Traded in Other Exchanges
Address
Hammarbyterrassen 3, Stockholm, SWE, SE-120 30
Goodbye Kansas Group AB specializes in visual content and technology. The company develops products and solutions based on the latest technology with a focus on Visual Effects (VFX), Animation, Game Trailers, and In-Game. The group is organized in two parts: Goodbye Kansas Studios and Other Operations. Goodbye Kansas Studios includes the studio business which offers visual content to film, TV and gaming. Other operations include the companies Vobling which offers virtual training through VR and Plotagon Production which offers an app for 3D animation.

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