>
Switch to:

Stingray Group Interest Coverage

: 4.20 (As of Sep. 2021)
View and export this data going back to 2021. Start your Free Trial

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. Stingray Group's Operating Income for the three months ended in Sep. 2021 was $12.1 Mil. Stingray Group's Interest Expense for the three months ended in Sep. 2021 was $-2.9 Mil. Stingray Group's interest coverage for the quarter that ended in Sep. 2021 was 4.20. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Stingray Group Inc interest coverage is 3.86, which is low.

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

OTCPK:STGYF' s Interest Coverage Range Over the Past 10 Years
Min: 2.19   Med: 3.81   Max: 7.51
Current: 3.85

2.19
7.51

OTCPK:STGYF's Interest Coverage is ranked lower than
79% of the 600 Companies
in the Media - Diversified industry.

( Industry Median: 19.17 vs. OTCPK:STGYF: 3.85 )

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


Stingray Group Interest Coverage Historical Data

The historical data trend for Stingray Group'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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Interest Coverage
Premium Member Only Premium Member Only 7.48 5.75 3.55 3.24 3.81

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.64 3.70 5.37 2.96 4.20

Competitive Comparison

For the Broadcasting subindustry, Stingray Group'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.

   

Stingray Group Interest Coverage Distribution

For the Media - Diversified industry and Communication Services sector, Stingray Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Stingray Group's Interest Coverage falls into.



Stingray Group 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.

Stingray Group's Interest Coverage for the fiscal year that ended in Mar. 2021 is calculated as

Here, for the fiscal year that ended in Mar. 2021, Stingray Group's Interest Expense was $-14.1 Mil. Its Operating Income was $53.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $265.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2021 )/Interest Expense (A: Mar. 2021 )
=-1*53.835627337099/-14.145118943432
=3.81

Stingray Group's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Stingray Group's Interest Expense was $-2.9 Mil. Its Operating Income was $12.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $285.3 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2021 )/Interest Expense (Q: Sep. 2021 )
=-1*12.102438639413/-2.8790150737905
=4.20

* 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.


Stingray Group  (OTCPK:STGYF) 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 .


Stingray Group Interest Coverage Related Terms

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


Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

No Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)