SONG (Music Licensing) Interest Expense: $0.0 Mil (TTM As of Jun. 2024)


What is Music Licensing Interest Expense?

Music Licensing SONG Interest Expense is $0.0 Mil as of Jun. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Music Licensing's interest expense for the three months ended in Jun. 2024 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $0.0 Mil.

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. Music Licensing's Operating Income for the three months ended in Jun. 2024 was $ -25.1 Mil. Music Licensing's Interest Expense for the three months ended in Jun. 2024 was $ 0.0 Mil. GuruFocus does not calculate Music Licensing's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Music Licensing  (OTCPK:SONG) Interest Expense Explanation

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. The higher, the better.

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

Music Licensing's Interest Expense for the three months ended in Jun. 2024 was $0.0 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-25.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $17.3 Mil.

Music Licensing's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

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

* 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.

Music Licensing Interest Expense Historical Data

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The historical data trend for Music Licensing's Interest Expense 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.

Music Licensing Interest Expense Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
0.00 0.00 0.00

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Music Licensing Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $0.0 Mil mean?
Music Licensing (SONG) has a Interest Expense of $0.0 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Music Licensing and its competitors.
Is Music Licensing's Interest Expense too high?
Music Licensing's current Interest Expense is $0.0 Mil.
How does Music Licensing's Interest Expense compare to NFLX and DIS?
Music Licensing's Interest Expense of $0.0 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Media - Diversified company?
A good Interest Expense depends on the Media - Diversified industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Music Licensing and its competitors. Music Licensing's current Interest Expense is $0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Interest Expense of $0.0 Mil. The current Interest Expense is $0.0 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Music Licensing (SONG), the current Interest Expense is $0.0 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.