NextPlay Technologies (NextPlay Technologies) Interest Coverage : 0 (At Loss) (As of Nov. 2022)

View and export this data going back to 2021. Start your Free Trial

What is NextPlay Technologies 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. NextPlay Technologies's Operating Income for the three months ended in Nov. 2022 was $-2.59 Mil. NextPlay Technologies's Interest Expense for the three months ended in Nov. 2022 was $-0.25 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 NextPlay Technologies's Interest Coverage or its related term are showing as below:

NXTP's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.36
* 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.

NextPlay Technologies Interest Coverage Historical Data

The historical data trend for NextPlay Technologies'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.

NextPlay Technologies Interest Coverage Chart

NextPlay Technologies Annual Data

Trend

Feb21

Feb22

Interest Coverage

NextPlay Technologies Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Interest Coverage	Get a 7-Day Free Trial			No Debt	-	-	-	-

Competitive Comparison of NextPlay Technologies's Interest Coverage

For the Software - Infrastructure subindustry, NextPlay Technologies'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.

NextPlay Technologies's Interest Coverage Distribution in the Software Industry

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

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

NextPlay Technologies 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.

NextPlay Technologies's Interest Coverage for the fiscal year that ended in Feb. 2022 is calculated as

Here, for the fiscal year that ended in Feb. 2022, NextPlay Technologies's Interest Expense was $-2.51 Mil. Its Operating Income was $-20.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.36 Mil.

NextPlay Technologies did not have earnings to cover the interest expense.

NextPlay Technologies's Interest Coverage for the quarter that ended in Nov. 2022 is calculated as

Here, for the three months ended in Nov. 2022, NextPlay Technologies's Interest Expense was $-0.25 Mil. Its Operating Income was $-2.59 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.34 Mil.

NextPlay Technologies did not have earnings to cover the interest expense.

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

NextPlay Technologies (OTCPK:NXTP) 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 .

NextPlay Technologies Interest Coverage Related Terms

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

NextPlay Technologies (NextPlay Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlay Technologies Inc (OTCPK:NXTP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323

Website

https://www.nextplaytechnologies.com

NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.

Executives

Timothy James Sikora	officer: Chief Information Officer	133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062
Nutthaphol Rungsakhon	officer: Interim CFO	1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323
Red Anchor Trading Corp.	10 percent owner	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Nextplay Holdings Llc	other: Group	1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805
Nithinan Boonyawattanapisut	director, 10 percent owner, officer: Co-CEO	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
John Todd Bonner	director	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
Found Side Ltd	other: Group	PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000
Cern One Ltd	other: Group	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Gardner Edward Terrence Jr.	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Farooq Moosa	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Yoshihiro Obata	director	4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047
Carmen L Diges	director	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Thanin Pornsiritivet	other: Part of 10% owner group	5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220
Andrew James Greaves	officer: Chief Operating Officer	HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL
Stacey Donna Riddell	director	3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487