Siebert Financial (Siebert Financial) Interest Coverage

: 107.83 (As of Sep. 2023)

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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. Siebert Financial's Operating Income for the three months ended in Sep. 2023 was $4.31 Mil. Siebert Financial's Interest Expense for the three months ended in Sep. 2023 was $-0.04 Mil. Siebert Financial's interest coverage for the quarter that ended in Sep. 2023 was 107.83. The higher the ratio, the stronger the company's financial strength is.

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

SIEB' s Interest Coverage Range Over the Past 10 Years
Min: 2 Med: 154 Max: No Debt
Current: 41.27

SIEB's Interest Coverage is ranked better than
57.02% of 449 companies
in the Capital Markets industry
Industry Median: 19.05 vs SIEB: 41.27

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

Siebert Financial Interest Coverage Historical Data

The historical data trend for Siebert Financial'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.

Siebert Financial Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

N/A

33.37

12.27

24.53

2.00

Siebert Financial Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage																15.70	10.12	50.01	39.55	107.83

Competitive Comparison

For the Capital Markets subindustry, Siebert Financial'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.

Siebert Financial Interest Coverage Distribution

For the Capital Markets industry and Financial Services sector, Siebert Financial's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Siebert Financial's Interest Coverage falls into.

Siebert Financial 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.

Siebert Financial'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, Siebert Financial's Interest Expense was $-0.44 Mil. Its Operating Income was $0.88 Mil. And its Long-Term Debt & Capital Lease Obligation was $7.22 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	0.88	/	-0.44
	=	2.00

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

Here, for the three months ended in Sep. 2023, Siebert Financial's Interest Expense was $-0.04 Mil. Its Operating Income was $4.31 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.63 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	4.313	/	-0.04
	=	107.83

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

Siebert Financial (NAS:SIEB) 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 .

Siebert Financial Interest Coverage Related Terms

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

Siebert Financial (Siebert Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Siebert Financial Corp (NAS:SIEB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

STF:Germany

Address

535 Fifth Avenue, 4th Floor, New York, NY, USA, 10017

Website

https://www.siebert.com

Siebert Financial Corp is a holding company. It conducts retail discount brokerage business through its wholly-owned subsidiary. The firm mainly provides online and traditional brokerage and related services to retail investors and also acts as an investment advisor for its subsidiary. The company operates in the securities brokerage and asset management industry. It also engages in Insurance services, Robo-advisory technology, and Prime brokerage business through its subsidiaries.

Executives

Hocheol Simon Shin	director	535 FIFTH AVENUE, 4TH FLOOR, NEW YORK NY 10017
Kakao Corp	10 percent owner	TOWER A, 166 PANGYOYEOK-RO, BUNDANG-GU, GYEONGGI-DO, SEONGNAM-SI M5 13529
Kakaopay Corp	10 percent owner	15F, TOWER B, 166 PANGYOYEOK-RO, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, SEONGNAM-SI M5 13529
John M. Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Cynthia Dibartolo	other: See footnote	535 FIFTH AVENUE, 4TH FLOOR, NEW YORK NY 10017
John J Gebbia	director	120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
David Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Richard Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Gloria E Gebbia	director, other: 10% Owner(1)	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Kennedy Cabot Acquisition, Llc	10 percent owner	24100 CALABASAS ROAD, CALABASAS CA 91302
Francis V Cuttita	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Jerry M Schneider	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Charles Zabatta	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Andrew H Reich	director, officer: EVP, COO, CFO and Secretary	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Leonard M Leiman	director	C/O SIEBERT FINANCIAL CORP, 885 THIRD AVE STE 1720, NEW YORK NY 10022