LIN Media LLC (FRA:L2M) Interest Coverage : 0 (At Loss) (As of Sep. 2014)

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What is LIN Media LLC 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. LIN Media LLC's Operating Income for the three months ended in Sep. 2014 was €-15.9 Mil. LIN Media LLC's Interest Expense for the three months ended in Sep. 2014 was €-11.0 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 LIN Media LLC's Interest Coverage or its related term are showing as below:

FRA:L2M' s Interest Coverage Range Over the Past 10 Years
Min: 0.5 Med: 1.64 Max: 9999.99
Current: 0.96

FRA:L2M's Interest Coverage is not ranked
in the Media - Diversified industry.
Industry Median: 10.45 vs FRA:L2M: 0.96

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

LIN Media LLC Interest Coverage Historical Data

The historical data trend for LIN Media LLC'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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LIN Media LLC Interest Coverage Chart

LIN Media LLC Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Coverage

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0.50

2.17

1.76

3.66

1.59

LIN Media LLC Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Interest Coverage	Get a 7-Day Free Trial															1.66	1.96	1.15	2.31	-

Competitive Comparison of LIN Media LLC's Interest Coverage

For the Broadcasting subindustry, LIN Media LLC'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.

LIN Media LLC's Interest Coverage Distribution in the Media - Diversified Industry

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

* The bar in red indicates where LIN Media LLC's Interest Coverage falls into.

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LIN Media LLC 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.

LIN Media LLC's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, LIN Media LLC's Interest Expense was €-41.3 Mil. Its Operating Income was €65.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €676.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2013 )	/	Interest Expense (A: Dec. 2013 )
	=	-1	*	65.659	/	-41.323
	=	1.59

LIN Media LLC's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Here, for the three months ended in Sep. 2014, LIN Media LLC's Interest Expense was €-11.0 Mil. Its Operating Income was €-15.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €676.6 Mil.

LIN Media LLC did not have earnings to cover the interest expense.

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

LIN Media LLC (FRA:L2M) 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 .

LIN Media LLC Interest Coverage Related Terms

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

LIN Media LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » LIN Media LLC (FRA:L2M) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.linmedia.com

LIN Media LLC, formerly LIN TV Corp., was incorporated on February 11, 1998. The Company is a local multimedia company that operates or services approximately 43 television stations and seven digital channels in 23 U.S. markets, and a diverse portfolio of web sites, apps and mobile products. Its television stations deliver superior local news, community service, and popular sports and entertainment programming to viewers, reaching U.S. television homes. All of its television stations are affiliated with a national broadcast network and are primarily located in the top 75 Designated Market Areas as measured by Nielsen Media Research. Its digital media division operates from 31 markets across the country, including New York City, Los Angeles, San Francisco, Chicago, Atlanta, Dallas, Detroit and Washington D.C. The Company provides free, over-the-air broadcasts of its programming 24 hours per day to the communities its are licensed to serve. In its local markets, it competes directly against other local broadcast stations and cable networks carried on cable, satellite television and telecommunication systems for audience. It also competes with online video services, including local news websites and websites such as hulu.com, Netflix and Amazon Prime. Its television operations are subject to the jurisdiction of the FCC.

LIN Media LLC Headlines

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