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ENDI (ENDI) Interest Coverage

: No Debt (1) (As of Dec. 2023)
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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. ENDI's Operating Income for the three months ended in Dec. 2023 was $0.99 Mil. ENDI's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. ENDI has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

ENDI Corp has no debt.

(1) 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.

The historical rank and industry rank for ENDI's Interest Coverage or its related term are showing as below:

ENDI' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

ENDI's Interest Coverage is ranked better than
98.66% of 448 companies
in the Asset Management industry
Industry Median: 38 vs ENDI: 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.

ENDI Interest Coverage Historical Data

The historical data trend for ENDI'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.

ENDI Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt

ENDI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt
Competitive Comparison

For the Asset Management subindustry, ENDI'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.

ENDI Interest Coverage Distribution

For the Asset Management industry and Financial Services sector, ENDI's Interest Coverage distribution charts can be found below:

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


ENDI 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.

ENDI'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, ENDI's Interest Expense was $0.00 Mil. Its Operating Income was $1.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

ENDI had no debt (1).

ENDI's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, ENDI's Interest Expense was $0.00 Mil. Its Operating Income was $0.99 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

ENDI had no debt (1).

* 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.

ENDI  (OTCPK:ENDI) 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 .

ENDI Interest Coverage Related Terms

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

ENDI (ENDI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ENDI Corp (OTCPK:ENDI) » Definitions » Interest Coverage
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Traded in Other Exchanges
N/A
Address
2400 Old Brick Road, Suite 115, Glen Allen, VA, USA, 23060
Website
https://www.endicorp.com
ENDI Corp is primarily focused on financial products and services and owns the following companies: CrossingBridge Advisors--an asset management firm managing mutual funds and an ETF, focused on investment grade, high yield, opportunistic corporate credit; Willow Oak Asset Management--provides outsourced operational, business development and marketing support to boutique asset management firms; eBuild Ventures--seeks to invest in growing, but undermanaged consumer-focused companies and data aggregation services; and Sitestar.net--offers consumer and business-grade internet access and web hosting services in the US and Canada.
Executives
Thomas A Mcdonnell director C/O KANSAS CITY SOUTHERN, 427 W 12TH STREET, KANSAS CITY MO 64105
Mahendra R Gupta director WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Alea Ann Kleinhammer officer: Chief Financial Officer 1706 CARTER STREET, RICHMOND VA 23220
David K. Sherman director, 10 percent owner, officer: Chief Executive Officer 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230
Jessica L. Greer officer: Secretary 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230
Steven L Kiel director, 10 percent owner 15 EAST 67TH STREET, 6TH FLOOR, NEW YORK NY 10065
Robert A Davidow 10 percent owner 2020 S. CENTRAL AVENUE, COMPTON CA 90220
Cohanzick Management, Llc 10 percent owner 427 BEDFORD ROAD, SUITE 230, PLEASANTVILLE NY 10570
Abigail Posner director C/O ENDI CORP. 2400 OLD BRICK ROAD, STE 115, GLEN ALLEN VA 23060
David K. Sherman 1997 Family Trust 10 percent owner 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230