Emerald Holding (FRA:EM7) Interest Coverage: 2.07 (As of Mar. 2026) — 41% Above Median


FRA:EM7 Emerald Holding Inc FRA:EM7
55 GF Score
Price €4.38
GF Value €2.22
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Emerald Holding Interest Coverage?

Emerald Holding FRA:EM7 +1.86% 55 Interest Coverage is 2.07 as of Mar. 2026, which is 41% above its 10-year median of 1.47. GuruFocus rates FRA:EM7 with a GF Score™ of 55/100 and a GF Value™ of €2.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 605 Media - Diversified companies, Emerald Holding ranks worse than 99.01% on this metric.

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. Emerald Holding's Operating Income for the three months ended in Mar. 2026 was €16.9 Mil. Emerald Holding's Interest Expense for the three months ended in Mar. 2026 was €-8.1 Mil. Emerald Holding's interest coverage for the quarter that ended in Mar. 2026 was 2.07. The higher the ratio, the stronger the company's financial strength is.

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

FRA:EM7' s Interest Coverage Range Over the Past 10 Years
Min: 0.15   Med: 1.47   Max: 3.4
Current: 0.15


FRA:EM7's Interest Coverage is ranked worse than
99.01% of 605 companies
in the Media - Diversified industry
Industry Median: 11.65 vs FRA:EM7: 0.15

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


Emerald Holding  (FRA:EM7) 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 .


Emerald Holding Interest Coverage Related Terms


Emerald Holding Interest Coverage Historical Data

* Premium members only.

The historical data trend for Emerald Holding'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.

Emerald Holding Interest Coverage Chart

Emerald Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.20 0.77 1.10 0.46

Emerald Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.06 0.94 0.00 0.00 2.07

FRA:EM7 vs CRTO, EVC, CCO: Interest Coverage Comparison

For the Advertising Agencies subindustry, Emerald Holding'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.


Emerald Holding Interest Coverage vs Media - Diversified Industry

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

* The bar in red indicates where Emerald Holding's Interest Coverage falls into.


FRA:EM7
55GF Score
Emerald Holding Inc FRA:EM7
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emerald Holding 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.

Emerald Holding's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Emerald Holding's Interest Expense was €-41.7 Mil. Its Operating Income was €19.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €425.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*19.215/-41.675
=0.46

Emerald Holding's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Emerald Holding's Interest Expense was €-8.1 Mil. Its Operating Income was €16.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €430.3 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*16.867/-8.131
=2.07

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.07 mean?
Emerald Holding (FRA:EM7) has a Interest Coverage of 2.07 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Emerald Holding and its competitors. This is 41% above median its historical median of 1.47. Over the past decade, Emerald Holding's Interest Coverage has ranged from 0.15 to 3.40. According to the industry distribution chart, Emerald Holding ranks #599 out of 605 companies in the Media - Diversified industry, placing it in the top 99%.
Is Emerald Holding's Interest Coverage too high?
Emerald Holding's current Interest Coverage of 2.07 is 41% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 3.40. The Media - Diversified industry median Interest Coverage is 11.65. Emerald Holding's value of 2.07 is 82.2% below this industry median. Based on the distribution chart, Emerald Holding ranks #599 out of 605 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Emerald Holding has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emerald Holding's Interest Coverage compare to CRTO and EVC?
According to the Media - Diversified industry distribution chart, Emerald Holding ranks #599 out of 605 companies for Interest Coverage. This places Emerald Holding in the lower half of its industry. The industry median Interest Coverage is 11.65. Emerald Holding's value of 2.07 is 82.2% below this benchmark. Historically, Emerald Holding's own Interest Coverage has ranged from 0.15 to 3.40 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 11.65, Emerald Holding has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Media - Diversified company?
The median Interest Coverage among Media - Diversified companies is 11.65, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emerald Holding's current Interest Coverage of 2.07 is 82.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Emerald Holding and its competitors. For the Media - Diversified industry, the median Interest Coverage is 11.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Holding's current Interest Coverage is 2.07, which is 41% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Holding stock overvalued right now?
Based on GuruFocus' analysis, Emerald Holding (FRA:EM7) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.22, compared to a current price of €4.38 — trading 97.3% above its estimated fair value. The current Interest Coverage is 2.07, which is 41% above median its 10-year median of 1.47 and 82.2% below the Media - Diversified industry median of 11.65. Emerald Holding's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Emerald Holding (FRA:EM7), the current Interest Coverage is 2.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Emerald Holding (FRA:EM7) Overvalued in 2026?

Based on GuruFocus' analysis, Emerald Holding stock appears to be overvalued. The current stock price of €4.38 is trading 97.3% above its estimated GF Value™ of €2.22. GuruFocus considers Emerald Holding to be Significantly Overvalued.

Key valuation signals for FRA:EM7:

  • Interest Coverage: 2.07 (41% above median its 10-year median of 1.47)
  • GF Value™: €2.22 vs. price of €4.38 (97.3% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 82.2% below the Media - Diversified median (#599 of 605)

No single metric tells the full story. See the FRA:EM7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emerald Holding Business Description

Other Exchanges EEX:USA
Address 100 Broadway, 14th Floor, New York, NY, USA, 10005
Emerald Holding Inc is a business-to-business (B2B) event organizer principally in the United States, with operations in the United Kingdom (U.K.), France, and other markets. The company is engaged in three complementary business lines: Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brand's awareness in their industry; the Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division provides B2B e-commerce and digital merchandising solutions to manufacturers and retailers. Emerald's key revenue is derived from the Connections business, its only reportable segment.
55GF Score

Get the complete analysis for FRA:EM7

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.38
Price
€2.22
GF Value