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Getty Images Holdings (NYSE:GETY) Interest Coverage

: 1.55 (As of Sep. 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. Getty Images Holdings's Operating Income for the three months ended in Sep. 2023 was $50.0 Mil. Getty Images Holdings's Interest Expense for the three months ended in Sep. 2023 was $-32.3 Mil. Getty Images Holdings's interest coverage for the quarter that ended in Sep. 2023 was 1.55. The higher the ratio, the stronger the company's financial strength is.

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

GETY' s Interest Coverage Range Over the Past 10 Years
Min: 1.32   Med: 1.65   Max: 1.72
Current: 1.54


GETY's Interest Coverage is ranked worse than
92.55% of 322 companies
in the Interactive Media industry
Industry Median: 38.86 vs GETY: 1.54

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


Getty Images Holdings Interest Coverage Historical Data

The historical data trend for Getty Images 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.

Getty Images Holdings Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
1.32 1.65 1.72

Getty Images Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.97 1.62 1.06 1.55

Competitive Comparison

For the Internet Content & Information subindustry, Getty Images 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.


Getty Images Holdings Interest Coverage Distribution

For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Getty Images Holdings's Interest Coverage falls into.



Getty Images 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.

Getty Images Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Getty Images Holdings's Interest Expense was $-117.2 Mil. Its Operating Income was $202.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,475.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*202.033/-117.229
=1.72

Getty Images Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Getty Images Holdings's Interest Expense was $-32.3 Mil. Its Operating Income was $50.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,421.7 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*50.046/-32.255
=1.55

* 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.


Getty Images Holdings  (NYSE:GETY) 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 .


Getty Images Holdings Interest Coverage Related Terms

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


Getty Images Holdings (NYSE:GETY) Business Description

Traded in Other Exchanges
N/A
Address
605 5th Avenue South, Suite 400, Seattle, WA, USA, 98104
Getty Images Holdings Inc is engaged in the core mission of bringing the world's creative and editorial visual content solutions to its customers to engage their audiences. the company has developed market enhancements across e-commerce, content subscriptions, user-generated content, diverse and inclusive content, and proprietary research alongside investment in its technology platform, which includes artificial intelligence and machine learning-driven search functionality and image editing and integrated APIs, to become a trusted industry leader in the visual content. Geographically the company operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific, out of which a majority of its revenue is generated from the Americas.
Executives
Jonathan Gear director C/O IHS MARKIT LTD., 4TH FLOOR, ROPEMAKE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Chinh Chu director, officer: Chief Executive Officer THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
James Quella director C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08822
Jason K Giordano officer: Executive VP, Corp. Develop. 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Joel Alsfine director 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Matthew Skurbe officer: Chief Financial Officer C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Douglas Newton officer: Executive VP, Corp. Develop. 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor director C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Ii Sponsor Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166