Daily Journal (Daily Journal) Interest Coverage : 0.18 (As of Dec. 2023)

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What is Daily Journal 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. Daily Journal's Operating Income for the three months ended in Dec. 2023 was $0.20 Mil. Daily Journal's Interest Expense for the three months ended in Dec. 2023 was $-1.14 Mil. Daily Journal's interest coverage for the quarter that ended in Dec. 2023 was 0.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Daily Journal's Interest Coverage or its related term are showing as below:

DJCO' s Interest Coverage Range Over the Past 10 Years
Min: 1.47 Med: 2.92 Max: 12.19
Current: 1.69

DJCO's Interest Coverage is ranked worse than
91.06% of 1600 companies
in the Software industry
Industry Median: 29.505 vs DJCO: 1.69

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

Daily Journal Interest Coverage Historical Data

The historical data trend for Daily Journal'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.

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Daily Journal Interest Coverage Chart

Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

Get a 7-Day Free Trial

12.19

2.92

1.47

Daily Journal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	1.34	1.87	3.26	0.18

Competitive Comparison of Daily Journal's Interest Coverage

For the Software - Application subindustry, Daily Journal'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.

Daily Journal's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Daily Journal's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Daily Journal's Interest Coverage falls into.

Daily Journal 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.

Daily Journal's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Daily Journal's Interest Expense was $-4.33 Mil. Its Operating Income was $6.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $76.12 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	6.357	/	-4.332
	=	1.47

Daily Journal's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Daily Journal's Interest Expense was $-1.14 Mil. Its Operating Income was $0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was $71.08 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.203	/	-1.142
	=	0.18

The higher the ratio, the stronger the company's Financial Strength is.

Daily Journal (NAS:DJCO) 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 .

Daily Journal Interest Coverage Related Terms

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Daily Journal (Daily Journal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daily Journal Corp (NAS:DJCO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DJ1:Germany

Address

915 East First Street, Los Angeles, CA, USA, 90012

Website

https://www.dailyjournal.com

Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Executives

Gerald L Salzman	director, officer: Chief Executive Officer	C/O DAILY JOURNAL, 915 E. FIRST STREET, LOS ANGELES CA 90012
Guerin John Patrick Et Al	director, 10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071-1560
Mary Conlin	director	P.O. BOX 1516, PACIFIC PALISADES CA 90272
Charles T Munger	director, 10 percent owner, officer: Chairman	355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071
Munger, Marshall & Co., A California Limited Partnership	10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071