GitLab (MEX:GTLB) Interest Coverage : No Debt ⁽¹⁾ (As of Apr. 2025)

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What is GitLab 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. GitLab's Operating Income for the three months ended in Apr. 2025 was MXN-678 Mil. GitLab's Interest Expense for the three months ended in Apr. 2025 was MXN0 Mil. GitLab has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GitLab Inc has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

MEX:GTLB's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 26.095
* 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.

GitLab Interest Coverage Historical Data

The historical data trend for GitLab'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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GitLab Interest Coverage Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Interest Coverage

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No Debt

N/A

No Debt

N/A

GitLab Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	N/A	No Debt

Competitive Comparison of GitLab's Interest Coverage

For the Software - Infrastructure subindustry, GitLab'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.

GitLab's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, GitLab's Interest Coverage distribution charts can be found below:

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

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GitLab 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.

GitLab's Interest Coverage for the fiscal year that ended in Jan. 2025 is calculated as

Here, for the fiscal year that ended in Jan. 2025, GitLab's Interest Expense was MXN0 Mil. Its Operating Income was MXN-2,944 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN2 Mil.

GuruFocus does not calculate GitLab's interest coverage with the available data.

GitLab's Interest Coverage for the quarter that ended in Apr. 2025 is calculated as

Here, for the three months ended in Apr. 2025, GitLab's Interest Expense was MXN0 Mil. Its Operating Income was MXN-678 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN0 Mil.

GitLab had no debt ⁽¹⁾.

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

GitLab (MEX:GTLB) 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 .

GitLab Interest Coverage Related Terms

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GitLab Business Description

Industry

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Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.