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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. Motorsport Games's Operating Income for the three months ended in Mar. 2024 was $-1.22 Mil. Motorsport Games's Interest Expense for the three months ended in Mar. 2024 was $-0.03 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 Motorsport Games'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 Motorsport Games'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.
Motorsport Games Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Interest Coverage | Get a 7-Day Free Trial | No Debt | - | - | - | - |
Motorsport Games Quarterly Data | |||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Electronic Gaming & Multimedia subindustry, Motorsport Games'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 Interactive Media industry and Communication Services sector, Motorsport Games's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Motorsport Games's Interest Coverage falls into.
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.
Motorsport Games'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, Motorsport Games's Interest Expense was $-0.77 Mil. Its Operating Income was $-15.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.05 Mil.
Motorsport Games did not have earnings to cover the interest expense. |
Motorsport Games's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Motorsport Games's Interest Expense was $-0.03 Mil. Its Operating Income was $-1.22 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.04 Mil.
Motorsport Games 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.
Motorsport Games (NAS:MSGM) 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 Motorsport Games's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Mike Zoi | 10 percent owner | 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161 |
Navtej Singh Sunner | director | 115 OVERSLADE LANE, RUGBY X0 CV226EE |
Andrew P. Jacobson | director | 3825 N. PAULINA STREET, CHICAGO IL 60613 |
John Delta | officer: Interim CFO | 8800 HSC PARKWAY, BRYAN TX 77807 |
Peter R Moore | director | 200 DOMAIN DRIVE, STRATHAM NH 03885 |
Jonathan New | officer: Chief Financial Officer | 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161 |
Francesco Piovanetti | director | CITY VIEW PLAZA I SUITE 800, CARR. 165KM, 1.2, GUAYNABO PR 00968 |
Dmitry Kozko | director, officer: Chief Executive Officer | 1450 SOUTH MIAMI AVENUE, MIAMI FL 33130 |
Neil T Anderson | director | 125 BROAD STREET, 28TH FLOOR, NEW YORK NY 10004 |
Rob Dyrdek | director | 3130 WILSHIRE BLVD., SUITE 600, SANTA MONICA CA 90404 |
Stephen Hood | officer: President | SILVERSTONE INNOVATION CENTRE, SILVERSTONE X0 NN12 8GX |
James William Allen | director | 1 ETON STREET,, MOTORSPORT NETWORK, RICHMOND, LONDON X0 TW9 1AG |
Motorsport Network, Llc | 10 percent owner | 5972 NE 4TH AVENUE, MIAMI FL 33137 |
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