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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. Digital Turbine's Operating Income for the three months ended in Mar. 2023 was $-9.1 Mil. Digital Turbine's Interest Expense for the three months ended in Mar. 2023 was $-7.1 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 Digital Turbine's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Digital Turbine'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.
For the Software - Application subindustry, Digital Turbine'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.
For the Software industry and Technology sector, Digital Turbine's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Digital Turbine's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.
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. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Digital Turbine's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as
Here, for the fiscal year that ended in Mar. 2023, Digital Turbine's Interest Expense was $-23.4 Mil. Its Operating Income was $46.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $410.5 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Mar. 2023 ) | / | Interest Expense (A: Mar. 2023 ) |
= | -1 | * | 46.165 | / | -23.352 | |
= | 1.98 |
Digital Turbine's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as
Here, for the three months ended in Mar. 2023, Digital Turbine's Interest Expense was $-7.1 Mil. Its Operating Income was $-9.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $410.5 Mil.
Digital Turbine 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.
Digital Turbine (NAS:APPS) 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 .
Thank you for viewing the detailed overview of Digital Turbine's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Senthilkumaran Kanagaratnam | officer: Chief Technology Officer | 5717 LA SEYNE PLACE, SAN JOSE CA 95138 |
Matthew Gillis | officer: President | 2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224 |
Mary Spilman | director | C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016 |
Michael Benjamin Miller | officer: Chief Accounting Officer | 360 WEST FOREST GROVE ROAD, LUCAS TX 75002 |
Holyce Hess Groos | director | 58 CHRISTIANA COURT, LAKE GEORGE NY 12845 |
Christine Collins | officer: CTO | 111 NUECES STREET, AUSTIN TX 78701 |
Michelle M Sterling | director | 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
Roy H Chestnutt | director | 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036 |
J. Barrett Garrison | officer: EVP, CFO | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
David Wesch | officer: Acting CAO | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
Mohan S Gyani | director | 7277 164TH AVE NE, BLDG1, REDMOND WA 98052 |
Judson Bowman | director | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
Craig I Forman | director | 1375 PEACHTREE STREET, ATLANTA GA 30309 |
James Alejandro | officer: Chief Accounting Officer | 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068 |
Kirstie Elizabeth Brown | officer: Head, Global Fin. Obligations | 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068 |
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