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. Activision Blizzard's
Operating Income
for the
three
months ended in Mar. 2022 was $477 Mil. Activision Blizzard's Interest Expense for the
three
months ended in Mar. 2022 was $-27 Mil.
Activision Blizzard's interest coverage for the quarter that ended in Mar. 2022 was 17.67.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Activision Blizzard's Interest Coverage or its related term are showing as below:
ATVI'
s Interest Coverage Range Over the Past 10 Years
Min: 5.69 Med: 16.8 Max: 1451
Current: 27.67
ATVI's Interest Coverage is ranked worse than 60.7% of 341
companies
in the Interactive Media industry
Industry Median: 63.83
vs ATVI: 27.67
Activision Blizzard Interest Coverage Historical Data
The historical data trend for Activision Blizzard'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.
* Premium members only.
Activision Blizzard Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Interest Coverage
8.17
14.27
19.32
28.57
30.89
Activision Blizzard Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Interest Coverage
29.46
36.00
30.63
26.37
17.67
Competitive Comparison
For the Electronic Gaming & Multimedia subindustry, Activision Blizzard'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.
Activision Blizzard Interest Coverage Distribution
For the Interactive Media industry and Communication Services sector, Activision Blizzard's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Activision Blizzard's Interest Coverage falls into.
Activision Blizzard 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:
* 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.
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 .
Activision Blizzard Interest Coverage Related Terms
Thank you for viewing the detailed overview of Activision Blizzard's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.
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