IGOT (Fomo Worldwide) Interest Coverage: 0 (At Loss) (As of Mar. 2024)


What is Fomo Worldwide Interest Coverage?

Fomo Worldwide IGOT Interest Coverage is 0 (At Loss) as of Mar. 2024.

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. Fomo Worldwide's Operating Income for the three months ended in Mar. 2024 was $-0.06 Mil. Fomo Worldwide's Interest Expense for the three months ended in Mar. 2024 was $-0.06 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 Fomo Worldwide's Interest Coverage or its related term are showing as below:


IGOT's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 43.145
* 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.

Fomo Worldwide  (OTCPK:IGOT) 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 .

Fomo Worldwide Interest Coverage Related Terms

Fomo Worldwide Interest Coverage Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Interest Coverage Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Fomo Worldwide Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.00 0.00 0.00 0.00 0.00

IGOT vs TNRG, BLK, BX: Interest Coverage Comparison

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fomo Worldwide's Interest Coverage falls into.


Fomo Worldwide 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.

Fomo Worldwide'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, Fomo Worldwide's Interest Expense was $-0.63 Mil. Its Operating Income was $-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.12 Mil.

Fomo Worldwide did not have earnings to cover the interest expense.

Fomo Worldwide's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Fomo Worldwide's Interest Expense was $-0.06 Mil. Its Operating Income was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.14 Mil.

Fomo Worldwide did not have earnings to cover the interest expense.

* 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 0 (At Loss) mean?
Fomo Worldwide (IGOT) has a Interest Coverage of 0 (At Loss) as of Mar. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fomo Worldwide and its competitors.
Is Fomo Worldwide's Interest Coverage too high?
Fomo Worldwide's current Interest Coverage is 0 (At Loss).
How does Fomo Worldwide's Interest Coverage compare to TNRG and BLK?
Fomo Worldwide's Interest Coverage of 0 (At Loss) can be compared against companies in the Asset Management industry. The industry median Interest Coverage is 43.15. 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 an Asset Management company?
The median Interest Coverage among Asset Management companies is 43.15, based on 476 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. 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 Fomo Worldwide and its competitors. For the Asset Management industry, the median Interest Coverage is 43.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomo Worldwide's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). 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 Fomo Worldwide (IGOT), the current Interest Coverage is 0 (At Loss) as of Mar. 2024. 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.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.