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NorthStar Gaming Holdings (TSXV:BET) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is NorthStar Gaming Holdings 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. NorthStar Gaming Holdings's Operating Income for the three months ended in Mar. 2025 was C$-3.55 Mil. NorthStar Gaming Holdings's Interest Expense for the three months ended in Mar. 2025 was C$-0.06 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 NorthStar Gaming Holdings's Interest Coverage or its related term are showing as below:


TSXV:BET's Interest Coverage is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.65
* 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.


NorthStar Gaming Holdings Interest Coverage Historical Data

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Interest Coverage Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23 Dec24
Interest Coverage
No Debt - -

NorthStar Gaming Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of NorthStar Gaming Holdings's Interest Coverage

For the Gambling subindustry, NorthStar Gaming Holdings'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.


NorthStar Gaming Holdings's Interest Coverage Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where NorthStar Gaming Holdings's Interest Coverage falls into.


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NorthStar Gaming Holdings 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.

NorthStar Gaming Holdings'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, NorthStar Gaming Holdings's Interest Expense was C$-0.42 Mil. Its Operating Income was C$-19.16 Mil. And its Long-Term Debt & Capital Lease Obligation was C$3.57 Mil.

NorthStar Gaming Holdings did not have earnings to cover the interest expense.

NorthStar Gaming Holdings's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, NorthStar Gaming Holdings's Interest Expense was C$-0.06 Mil. Its Operating Income was C$-3.55 Mil. And its Long-Term Debt & Capital Lease Obligation was C$40.84 Mil.

NorthStar Gaming Holdings did not have earnings to cover the interest expense.

* 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.


NorthStar Gaming Holdings  (TSXV:BET) 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 .


NorthStar Gaming Holdings Interest Coverage Related Terms

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


NorthStar Gaming Holdings Business Description

Traded in Other Exchanges
Address
220 King Street West, Suite 200, Toronto, ON, CAN, M5H 1K4
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.
Executives
Michael David Moskowitz Director, Senior Officer
Corey Goodman Senior Officer
Tevir Capital Lp Ltd Deemed Insider - 6 Months before becoming Insider
Janis Wolfe Deemed Insider - 6 Months before becoming Insider
Barry Wade Shafran Director
Dean Macdonald Director
Sylvia Kim Prentice Director
Christopher Douglas Hodgson Director
Brian Cooper Director

NorthStar Gaming Holdings Headlines

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