Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Lindblad Expeditions Holdings 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. Lindblad Expeditions Holdings's Operating Income for the three months ended in Dec. 2023 was $-13.8 Mil. Lindblad Expeditions Holdings's Interest Expense for the three months ended in Dec. 2023 was $-11.4 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lindblad Expeditions Holdings Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Lindblad Expeditions Holdings's Interest Coverage or its related term are showing as below:

LIND' s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 1.86 Max: 2.7
Current: 0.24

LIND's Interest Coverage is ranked worse than
97.68% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs LIND: 0.24

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

Lindblad Expeditions Holdings Interest Coverage Historical Data

The historical data trend for Lindblad Expeditions Holdings'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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Lindblad Expeditions Holdings Interest Coverage Chart

Lindblad Expeditions Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.70

0.24

Lindblad Expeditions Holdings 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															-	1.19	-	1.78	-

Competitive Comparison of Lindblad Expeditions Holdings's Interest Coverage

For the Travel Services subindustry, Lindblad Expeditions Holdings'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.

Lindblad Expeditions Holdings's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Lindblad Expeditions Holdings's Interest Coverage falls into.

Lindblad Expeditions Holdings 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.

Lindblad Expeditions Holdings'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, Lindblad Expeditions Holdings's Interest Expense was $-45.0 Mil. Its Operating Income was $10.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $621.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	10.599	/	-45.014
	=	0.24

Lindblad Expeditions Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Lindblad Expeditions Holdings's Interest Expense was $-11.4 Mil. Its Operating Income was $-13.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $621.8 Mil.

Lindblad Expeditions Holdings did not have earnings to cover the interest expense.

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

Lindblad Expeditions Holdings (NAS:LIND) 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 .

Lindblad Expeditions Holdings Interest Coverage Related Terms

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

Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lindblad Expeditions Holdings Inc (NAS:LIND) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

LI4:Germany

Address

96 Morton Street, 9th Floor, New York, NY, USA, 10014

Website

https://www.expeditions.com

Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.

Executives

Alex P Schultz	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S.	director	2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr	director	C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds	director	PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden	director	305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad	director, 10 percent owner	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson	director
Mark Ein	director
Noah Brodsky	officer: Chief Commercial Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle	director, officer: CEO	2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler	officer: President of Natural Habitat	833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus	officer: Chief Expedition Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein	officer: Chief Financial Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman	officer: Chief Commercial and Marketing	1334 YORK AVENUE, NEW YORK X1 10021