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Take-Two Interactive Software Interest Coverage

: 0 (At Loss) (As of Jun. 2022)
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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. Take-Two Interactive Software's Operating Income for the three months ended in Jun. 2022 was $-37 Mil. Take-Two Interactive Software's Interest Expense for the three months ended in Jun. 2022 was $-29 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 Take-Two Interactive Software's Interest Coverage or its related term are showing as below:

TTWO' s Interest Coverage Range Over the Past 10 Years
Min: 0.17   Med: 12.23   Max: 81.07
Current: 7.51


TTWO's Interest Coverage is ranked worse than
80.06% of 341 companies
in the Interactive Media industry
Industry Median: 58.58 vs TTWO: 7.51

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


Take-Two Interactive Software Interest Coverage Historical Data

The historical data trend for Take-Two Interactive Software'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.

* Premium members only.

Take-Two Interactive Software Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.75 25.11 81.07 59.17 19.33

Take-Two Interactive Software Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 166.02 35.80 27.40 N/A -

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

   

Take-Two Interactive Software Interest Coverage Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's Interest Coverage falls into.



Take-Two Interactive Software 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.


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

Take-Two Interactive Software's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Take-Two Interactive Software's Interest Expense was $-25 Mil. Its Operating Income was $474 Mil. And its Long-Term Debt & Capital Lease Obligation was $211 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2022 )/Interest Expense (A: Mar. 2022 )
=-1*474.444/-24.545
=19.33

Take-Two Interactive Software's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Take-Two Interactive Software's Interest Expense was $-29 Mil. Its Operating Income was $-37 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,277 Mil.

Take-Two Interactive Software 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.


Take-Two Interactive Software  (NAS:TTWO) 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 .


Take-Two Interactive Software Interest Coverage Related Terms

Thank you for viewing the detailed overview of Take-Two Interactive Software's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Take-Two Interactive Software Business Description

Take-Two Interactive Software logo
Address
110 West 44th Street, New York, NY, USA, 10036
Found in 1993, Take-Two consists of two wholly owned labels, Rockstar Games and 2K. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom."
Executives
Gordon William B director
Siminoff Ellen F director 555 ELLIS STREET MOUNTAIN VIEW CA 94043
Hernandez Roland A director 300 NORTH SAN RAFAEL AVE PASADENA CA 91105
Viera Paul E director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 110 WEST 44TH STREET NEW YORK NY 10036
Srinivasan Laverne Evans director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012
Emerson Daniel P officer: General Counsel 622 BROADWAY NEW YORK NY 10012
Tolson Susan director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10019
Feder Benjamim officer: Chief Executive Officer C/O ZELNICKMEDIA CORPORATION 650 5TH AVENUE NEW YORK NY 10019
Slatoff Karl officer: Executive Vice President C/O ZELNICKMEDIA CORPORATION 19 WEST 44TH STREET, 18TH FLOOR NEW YORK NY 10036
Icahn Brett director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Nelson James Larry director 2747 PARADISE ROAD PH2804 LAS VEGAS NV 89109
Cho Sunghwan director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Zelnick Strauss director, officer: Executive Chairman C/O ZELNICKMEDIA 650 FIFTH AVE 31ST FLOOR NEW YORK NY 10019
Goldstein Lainie officer: Chief Financial Officer C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012
Krauss Seth D officer: Exec VP and General Counsel C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 222 BROADWAY NEW YORK NY 10012

Take-Two Interactive Software Headlines

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