SALM (Salem Media Group) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Salem Media Group 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. Salem Media Group's Operating Income for the three months ended in Sep. 2023 was $-1.0 Mil. Salem Media Group's Interest Expense for the three months ended in Sep. 2023 was $-3.6 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 Salem Media Group's Interest Coverage or its related term are showing as below:

SALM's Interest Coverage is not ranked ^*
in the Media - Diversified industry.
Industry Median: 11.615
* Ranked among companies with meaningful Interest Coverage only.

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

Salem Media Group Interest Coverage Historical Data

The historical data trend for Salem Media 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.

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.

Salem Media Group Interest Coverage Chart

Salem Media Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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1.34

1.11

0.71

1.59

1.22

Salem Media Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															0.93	1.29	-	-	-

Competitive Comparison of Salem Media Group's Interest Coverage

For the Broadcasting subindustry, Salem Media 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.

Salem Media Group's Interest Coverage Distribution in the Media - Diversified Industry

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

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

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Salem Media 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 ⁽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.

Salem Media Group'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, Salem Media Group's Interest Expense was $-13.1 Mil. Its Operating Income was $15.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $192.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	15.914	/	-13.06
	=	1.22

Salem Media Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Salem Media Group's Interest Expense was $-3.6 Mil. Its Operating Income was $-1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $195.5 Mil.

Salem Media Group did not have earnings to cover the interest expense.

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

Salem Media Group (OTCPK:SALM) 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 .

Salem Media Group Interest Coverage Related Terms

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

Salem Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Salem Media Group Inc (OTCPK:SALM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4880 Santa Rosa Road, Camarillo, CA, USA, 93012

Website

https://www.salemmedia.com

Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Broadcast engaged in foundational business is radio broadcasting, which includes the ownership and operation of radio stations in large metropolitan markets; Digital media-based businesses provide Christian, conservative, investing, and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web; publishing operating segment includes two businesses: (1) Regnery Publishing and Salem Books and Salem Author Services, a self-publishing service for authors through Xulon Press and Mill City Press.

Executives

Jacki L Pick	director	6400 N BELT LINE ROAD, IRVING TX 75063
Eugene Allen Power	officer: President Broadcast Media	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Epperson 2022 Gst Trust	10 percent owner	3780 WILL SCARLET ROAD, WINSTON SALEM NC 27104
Epperson Stuart W. Jr.	director, 10 percent owner	4880 SANTA ROSA RD., CAMARILLO CA 93012
Stuart W Epperson	10 percent owner	3780 WILL SCARLET RD, WINSTON SALEM NC 27104
Evan D Masyr	officer: V.P. and Corporate Controller	4880 SANTA ROSA ROAD, STE 300, CAMARILLO CA 93012
David P Santrella	officer: President - Broadcast Media	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Christopher J Henderson	officer: SVP, General Counsel & Secy	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
David Evans	officer: Senior Vice President and CFO	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Atsinger Edward G Iii	director, 10 percent owner, officer: CEO and President	4880 SANTA ROSA RD, CAMARILLO CA 93012
Heather W Grizzle	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93010
James Keet Lewis	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Edward C. Atsinger	director	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Jonathan Venverloh	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Eric H Halvorson	director	4880 SANTA ROSA RD, CAMARILLO CA 93012