Flutter Entertainment (LSE:FLTR) Interest Coverage : 2.12 (As of Mar. 2025)

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What is Flutter Entertainment 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. Flutter Entertainment's Operating Income for the three months ended in Mar. 2025 was £173 Mil. Flutter Entertainment's Interest Expense for the three months ended in Mar. 2025 was £-81 Mil. Flutter Entertainment's interest coverage for the quarter that ended in Mar. 2025 was 2.12. The higher the ratio, the stronger the company's financial strength is.

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

LSE:FLTR' s Interest Coverage Range Over the Past 10 Years
Min: 0.9 Med: 43.96 Max: 119.05
Current: 2.25

LSE:FLTR's Interest Coverage is ranked worse than
69.07% of 611 companies
in the Travel & Leisure industry
Industry Median: 4.65 vs LSE:FLTR: 2.25

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

Flutter Entertainment Interest Coverage Historical Data

The historical data trend for Flutter Entertainment'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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Flutter Entertainment Interest Coverage Chart

Flutter Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.90

1.77

Flutter Entertainment Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.97	3.42	0.92	2.49	2.12

Competitive Comparison of Flutter Entertainment's Interest Coverage

For the Gambling subindustry, Flutter Entertainment'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.

Flutter Entertainment's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Flutter Entertainment's Interest Coverage falls into.

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Flutter Entertainment 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.

Flutter Entertainment's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Flutter Entertainment's Interest Expense was £-388 Mil. Its Operating Income was £687 Mil. And its Long-Term Debt & Capital Lease Obligation was £5,625 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	687.379	/	-387.59
	=	1.77

Flutter Entertainment's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Flutter Entertainment's Interest Expense was £-81 Mil. Its Operating Income was £173 Mil. And its Long-Term Debt & Capital Lease Obligation was £5,574 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	172.602	/	-81.27
	=	2.12

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

Flutter Entertainment (LSE:FLTR) 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 .

Flutter Entertainment Interest Coverage Related Terms

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

Flutter Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (LSE:FLTR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FLUT:USA FLTRl:UK PPB:Germany PPB:Germany PPB:Germany

Address

300 Park Avenue South, New York, NY, USA, 10010

Website

https://www.flutter.com

In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%.