FWONK (Liberty Formula One Group) Interest Coverage : 2.09 (As of Sep. 2024)

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What is Liberty Formula One Group 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. Liberty Formula One Group's Operating Income for the three months ended in Sep. 2024 was $113 Mil. Liberty Formula One Group's Interest Expense for the three months ended in Sep. 2024 was $-54 Mil. Liberty Formula One Group's interest coverage for the quarter that ended in Sep. 2024 was 2.09. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Liberty Formula One Group's Interest Coverage or its related term are showing as below:

FWONK' s Interest Coverage Range Over the Past 10 Years
Min: 0.33 Med: 1.28 Max: 23.32
Current: 1.9

FWONK's Interest Coverage is ranked worse than
84.05% of 608 companies
in the Media - Diversified industry
Industry Median: 11.835 vs FWONK: 1.90

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

Liberty Formula One Group Interest Coverage Historical Data

The historical data trend for Liberty Formula One Group'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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Liberty Formula One Group Interest Coverage Chart

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.33

1.16

1.39

Liberty Formula One Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															1.91	2.30	1.89	1.32	2.09

Competitive Comparison of Liberty Formula One Group's Interest Coverage

For the Entertainment subindustry, Liberty Formula One Group'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.

Liberty Formula One Group's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Liberty Formula One Group's Interest Coverage falls into.

Liberty Formula One Group 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.

Liberty Formula One Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Liberty Formula One Group's Interest Expense was $-214 Mil. Its Operating Income was $297 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,870 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	297	/	-214
	=	1.39

Liberty Formula One Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Liberty Formula One Group's Interest Expense was $-54 Mil. Its Operating Income was $113 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,907 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	113	/	-54
	=	2.09

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

Liberty Formula One Group (NAS:FWONK) 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 .

Liberty Formula One Group Interest Coverage Related Terms

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

Liberty Formula One Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONA:USA FWONK:Mexico 0JUJ:UK LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.

Executives

Brian J Wendling	officer: SVP/Controller/PFO	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Andrea L Wong	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Renee L Wilm	officer: Chief Legal Officer	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
R. Ted Weschler,	other: Member of 10% owner group	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131
Derek Chang	director	C/O CHARTER COMMUNICATIONS INC, 12405 POWERCOURT DR, ST LOUIS MO 63131
Trango Ii, L.l.c.	10 percent owner	610 WEST 5TH STREET, SUITE 600, AUSTIN TX 78701
Ancient Art, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1110, AUSTIN TX 78701
Quincy J Lee	10 percent owner	425 SOLEDAD SUITE 500, SAN ANTONIO TX 78205
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830