Market Cap : 61.43 B | Enterprise Value : 54.07 B | PE Ratio : 24.86 | PB Ratio : 3.44 |
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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. 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:
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 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.
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.
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.
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.
Activision Blizzard's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Activision Blizzard's Interest Expense was $-108 Mil. Its Operating Income was $3,336 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,608 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2021 ) | / | Interest Expense (A: Dec. 2021 ) |
= | -1 | * | 3336 | / | -108 | |
= | 30.89 |
Activision Blizzard's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as
Here, for the three months ended in Mar. 2022, Activision Blizzard's Interest Expense was $-27 Mil. Its Operating Income was $477 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,608 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 477 | / | -27 | |
= | 17.67 |
* 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.
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 Activision Blizzard's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Kotick Robert A | director, officer: Chief Executive Officer | 3100 OCEAN PARK BLVD SANTA MONICA CA 90405 |
Wasserman Casey | director | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BLVD. SANTA MONICA CA 90405 |
Durkin Dennis M | officer: Chief Financial Officer | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BLVD SANTA MONICA CA 90405 |
Yang Jesse | officer: Chief Accounting Officer | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405 |
Macartney Claudine | officer: Chief People Officer | AMERICAN INTERNATIONAL GROUP, INC. 175 WATER ST. NEW YORK NY 10038 |
Johnson Collister | officer: Special Advisor; Former Pres. | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405 |
Corti Robert J | director | C/O AVON PRODUCTS INC 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105-0196 |
Morgado Robert J | director | 3100 OCAN PARK BLVD SANTA MONICA CA 90405 |
Kelly Brian G | director | 3100 OCEAN PARK BLVD SANTA MONICA CA 90405 |
Bowers Reveta F | director | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405 |
Nolan Peter J | director | 11111SANTA MONICA BLVD STE 2000 LOS ANGELES CA 90025 |
Meyer Barry | director | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BLVD. SANTA MONICA CA 90405 |
Hartong Hendrik Iii | director | C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BLVD. SANTA MONICA CA 90405 |
Ostroff Dawn | director | 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 91405 |
Alegre Daniel | officer: President and COO | 9800 59TH AVENUE NORTH MINNEAPOLIS MN 55317 |
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