Spin Master (STU:SP9) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Spin Master 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. Spin Master's Operating Income for the three months ended in Mar. 2024 was €-56 Mil. Spin Master's Interest Expense for the three months ended in Mar. 2024 was €-10 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 Spin Master's Interest Coverage or its related term are showing as below:

STU:SP9' s Interest Coverage Range Over the Past 10 Years
Min: 9.17 Med: 51.92 Max: 646.13
Current: 13

STU:SP9's Interest Coverage is ranked better than
63.76% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.2 vs STU:SP9: 13.00

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

Spin Master Interest Coverage Historical Data

The historical data trend for Spin Master'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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Spin Master Interest Coverage Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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23.33

9.17

47.18

54.11

50.08

Spin Master 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															2.00	35.23	137.55	23.51	-

Competitive Comparison of Spin Master's Interest Coverage

For the Leisure subindustry, Spin Master'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.

Spin Master's Interest Coverage Distribution in the Travel & Leisure Industry

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

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

Spin Master 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.

Spin Master'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, Spin Master's Interest Expense was €-5 Mil. Its Operating Income was €234 Mil. And its Long-Term Debt & Capital Lease Obligation was €46 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	234.202	/	-4.677
	=	50.08

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

Here, for the three months ended in Mar. 2024, Spin Master's Interest Expense was €-10 Mil. Its Operating Income was €-56 Mil. And its Long-Term Debt & Capital Lease Obligation was €114 Mil.

Spin Master did not have earnings to cover the interest expense.

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

Spin Master (STU:SP9) 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 .

Spin Master Interest Coverage Related Terms

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

Spin Master (STU:SP9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spin Master Corp (STU:SP9) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SNMSF:USA TOY:Canada

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.

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