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Relevance Communication Nordic (NGM:RLVNC) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Relevance Communication Nordic 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. Relevance Communication Nordic's Operating Income for the three months ended in Dec. 2023 was kr-2.37 Mil. Relevance Communication Nordic's Interest Expense for the three months ended in Dec. 2023 was kr0.00 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 Relevance Communication Nordic's Interest Coverage or its related term are showing as below:


NGM:RLVNC's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.615
* 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.


Relevance Communication Nordic Interest Coverage Historical Data

The historical data trend for Relevance Communication Nordic'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.

* Premium members only.

Relevance Communication Nordic Interest Coverage Chart

Relevance Communication Nordic Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - - 1.43 - -

Relevance Communication Nordic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -

Competitive Comparison of Relevance Communication Nordic's Interest Coverage

For the Publishing subindustry, Relevance Communication Nordic'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.


Relevance Communication Nordic's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Relevance Communication Nordic's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Relevance Communication Nordic's Interest Coverage falls into.



Relevance Communication Nordic 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.

Relevance Communication Nordic'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, Relevance Communication Nordic's Interest Expense was kr-0.07 Mil. Its Operating Income was kr-3.82 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Relevance Communication Nordic did not have earnings to cover the interest expense.

Relevance Communication Nordic's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Relevance Communication Nordic's Interest Expense was kr0.00 Mil. Its Operating Income was kr-2.37 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

* 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.


Relevance Communication Nordic  (NGM:RLVNC) 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 .


Relevance Communication Nordic Interest Coverage Related Terms

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Relevance Communication Nordic (NGM:RLVNC) Business Description

Traded in Other Exchanges
N/A
Address
Sandhamnsgatan 63C, Stockholm, SWE, 115 28
News55 AB is a media company. Its business includes publishing of regional magazines and newspapers. The company also organizes exhibition for seniors and offers products in advertising and print. It has launched the E55.se site, which focuses on news and guidance in finance, savings and pensions.

Relevance Communication Nordic (NGM:RLVNC) Headlines

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