Getty Images Holdings (Getty Images Holdings) Interest Coverage : 1.32 (As of Mar. 2024)

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What is Getty Images Holdings 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. Getty Images Holdings's Operating Income for the three months ended in Mar. 2024 was $43.06 Mil. Getty Images Holdings's Interest Expense for the three months ended in Mar. 2024 was $-32.72 Mil. Getty Images Holdings's interest coverage for the quarter that ended in Mar. 2024 was 1.32. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Getty Images Holdings's Interest Coverage or its related term are showing as below:

GETY.WS' s Interest Coverage Range Over the Past 10 Years
Min: 1.32 Med: 1.55 Max: 1.73
Current: 1.32

GETY.WS's Interest Coverage is ranked worse than
92.95% of 312 companies
in the Interactive Media industry
Industry Median: 38.77 vs GETY.WS: 1.32

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

Getty Images Holdings Interest Coverage Historical Data

The historical data trend for Getty Images Holdings'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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Getty Images Holdings Interest Coverage Chart

Getty Images Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

1.32

1.65

1.73

1.45

Getty Images Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial									1.63	1.06	1.55	1.37	1.32

Competitive Comparison of Getty Images Holdings's Interest Coverage

For the Internet Content & Information subindustry, Getty Images Holdings'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.

Getty Images Holdings's Interest Coverage Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Getty Images Holdings's Interest Coverage falls into.

Getty Images Holdings 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.

Getty Images Holdings'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, Getty Images Holdings's Interest Expense was $-126.88 Mil. Its Operating Income was $183.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,438.52 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	183.723	/	-126.884
	=	1.45

Getty Images Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Getty Images Holdings's Interest Expense was $-32.72 Mil. Its Operating Income was $43.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,421.84 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	43.056	/	-32.724
	=	1.32

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

Getty Images Holdings (NYSE:GETY.WS) 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 .

Getty Images Holdings Interest Coverage Related Terms

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Getty Images Holdings (Getty Images Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Getty Images Holdings Inc (NYSE:GETY.WS) » Definitions » Interest Coverage

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Traded in Other Exchanges

GETY:USA

Address

605 5th Avenue South, Suite 400, Seattle, WA, USA, 98104

Website

https://www.gettyimages.in

Getty Images Holdings Inc is engaged in the core mission of bringing the world's creative and editorial visual content solutions to its customers to engage their audiences. the company has developed market enhancements across e-commerce, content subscriptions, user-generated content, diverse and inclusive content, and proprietary research alongside investment in its technology platform, which includes artificial intelligence and machine learning-driven search functionality and image editing and integrated APIs, to become a trusted industry leader in the visual content. Geographically the company operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific, out of which a majority of its revenue is generated from the Americas.