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DISH Network (DISH Network) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is DISH Network Interest Coverage?

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. DISH Network's Operating Income for the three months ended in Sep. 2023 was $-42 Mil. DISH Network's Interest Expense for the three months ended in Sep. 2023 was $-10 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 DISH Network's Interest Coverage or its related term are showing as below:

DISH' s Interest Coverage Range Over the Past 10 Years
Min: 2.4   Med: 61.68   Max: 226.53
Current: 24.6


DISH's Interest Coverage is not ranked
in the Telecommunication Services industry.
Industry Median: 4.61 vs DISH: 24.60

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


DISH Network Interest Coverage Historical Data

The historical data trend for DISH Network'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.

DISH Network Interest Coverage Chart

DISH Network Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 143.12 79.32 226.53 198.04 89.80

DISH Network Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.08 48.66 41.61 21.87 -

Competitive Comparison of DISH Network's Interest Coverage

For the Telecom Services subindustry, DISH Network'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.


DISH Network's Interest Coverage Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, DISH Network's Interest Coverage distribution charts can be found below:

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



DISH Network 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.

DISH Network'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, DISH Network's Interest Expense was $-23 Mil. Its Operating Income was $2,046 Mil. And its Long-Term Debt & Capital Lease Obligation was $22,490 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*2045.666/-22.781
=89.80

DISH Network's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, DISH Network's Interest Expense was $-10 Mil. Its Operating Income was $-42 Mil. And its Long-Term Debt & Capital Lease Obligation was $23,275 Mil.

DISH Network 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.


DISH Network  (NAS:DISH) 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 .


DISH Network Interest Coverage Related Terms

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


DISH Network (DISH Network) Business Description

Traded in Other Exchanges
N/A
Address
9601 South Meridian Boulevard, Englewood, CO, USA, 80112
From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 7 million U.S. customers. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past 15 years, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business and now serves about 8 million customers. Dish plans to merge with EchoStar, a firm it spun out in 2008 that provides satellite-based communications services.
Executives
Paul W Orban officer: SVP & Chief Accounting Officer 9601 SOUTH MERIDIAN BOULEVARD, ENGLEWOOD CO 80112
Ergen Two-year June 2023 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Thomas A Cullen officer: EVP, Corporate Development DISH NETWORK CORPORATION, 9601 SOUTH MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year May 2023 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, TRUSTEE, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
James Defranco director, officer: Executive Vice President 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Douglas Balsbough officer: EVP and Chief People Officer 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Stephen J Bye director 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year December 2022 Dish Grat 10 percent owner C/O CANTEY ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2022 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
George R Brokaw director DISH NETWORK CORPORATION, 9601 S MERIDIAN BLVD, ENGLEWOOD CO 80112
Ergen Two-year May 2022 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Narayan Raghu Iyengar officer: EVP & CHIEF OPERATING OFFICER 415 SOUTH 18TH STREET, ST. LOUIS MO 63103
Ergen Two-year December 2021 Dish Grat 10 percent owner C/O DISH NETWORK L.L.C., 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
David A. Scott officer: EVP & Chief HR Officer 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2021 Dish Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112