New York Times Co (New York Times Co) Interest Coverage

: 497.77 (As of Dec. 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. New York Times Co's Operating Income for the three months ended in Dec. 2023 was $128 Mil. New York Times Co's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. New York Times Co's interest coverage for the quarter that ended in Dec. 2023 was 497.77. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New York Times Co has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for New York Times Co's Interest Coverage or its related term are showing as below:

NYT' s Interest Coverage Range Over the Past 10 Years
Min: 1.83 Med: 6.79 Max: 348.54
Current: 284.37

NYT's Interest Coverage is ranked better than
85.46% of 612 companies
in the Media - Diversified industry
Industry Median: 11.95 vs NYT: 284.37

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

New York Times Co Interest Coverage Historical Data

The historical data trend for New York Times Co'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.

New York Times Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

6.61

242.44

348.54

319.67

286.89

New York Times Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																436.05	112.50	289.08	235.96	497.77

Competitive Comparison

For the Publishing subindustry, New York Times Co'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.

New York Times Co Interest Coverage Distribution

For the Media - Diversified industry and Communication Services sector, New York Times Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where New York Times Co's Interest Coverage falls into.

New York Times Co 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.

New York Times Co'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, New York Times Co's Interest Expense was $-1 Mil. Its Operating Income was $291 Mil. And its Long-Term Debt & Capital Lease Obligation was $43 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	290.906	/	-1.014
	=	286.89

New York Times Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, New York Times Co's Interest Expense was $-0 Mil. Its Operating Income was $128 Mil. And its Long-Term Debt & Capital Lease Obligation was $43 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	128.425	/	-0.258
	=	497.77

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

New York Times Co (NYSE:NYT) 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 .

New York Times Co Interest Coverage Related Terms

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New York Times Co (New York Times Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » New York Times Co (NYSE:NYT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

NYT:Germany NYT:Germany

Address

620 Eighth Avenue, New York, NY, USA, 10018

Website

https://www.nytco.com

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as nytimes and various smartphone applications. Circulation of The New York Times is the source of revenue for the company, followed by print and digital advertising and its paid digital-only subscription to The New York Times. The company has a daily print circulation of over 3,00,000 and 7,40,000 on Sundays. The source of growth for The New York Times is its digital subscription service, which has over 1,000,000 paid users.

Executives

Arthur G. Sulzberger	director, officer: Publisher, The New York Times	THE NEW YORK TIMES COMPANY, 620 8TH AVENUE, NEW YORK NY 10018
Diane Brayton	officer: EVP, GENERAL COUNSEL & SEC	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
R Anthony Benten	officer: SVP, Treasurer & Controller	C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036
Kopit Levien Meredith A.	officer: EVP & Chief Operating Officer	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
William Bardeen	officer: Chief Financial Officer	620 EIGHTH AVENUE, NEW YORK NY 10018
Roland A. Caputo	officer: Interim CFO and EVP	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
David S. Perpich	director	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Manuel Bronstein	director	970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Beth A. Brooke	director	C/O EHEALTH, INC., 2625 AUGUSTINE DRIVE, SECOND FLOOR, SANTA CLARA CA 95054
Jacqueline M Welch	officer: EVP and CHRO	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur S. Golden	director	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Mark Thompson	director, officer: PRESIDENT & CEO	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur Jr Sulzberger	director, officer: Chairman and Publisher	THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Doreen A Toben	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Robert E Denham	director	MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071