Shutterstock (Shutterstock) Interest Coverage

: 3.73 (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. Shutterstock's Operating Income for the three months ended in Dec. 2023 was $2.1 Mil. Shutterstock's Interest Expense for the three months ended in Dec. 2023 was $-0.6 Mil. Shutterstock's interest coverage for the quarter that ended in Dec. 2023 was 3.73. The higher the ratio, the stronger the company's financial strength is.

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

SSTK' s Interest Coverage Range Over the Past 10 Years
Min: 36.85 Med: No Debt Max: No Debt
Current: 36.85

SSTK's Interest Coverage is ranked better than
50.48% of 315 companies
in the Interactive Media industry
Industry Median: 34.85 vs SSTK: 36.85

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

Shutterstock Interest Coverage Historical Data

The historical data trend for Shutterstock'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.

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Shutterstock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

1,613.52

84.05

36.85

Shutterstock Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																38.08	174.76	17.68	30.59	3.73

Competitive Comparison

For the Internet Content & Information subindustry, Shutterstock'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.

Shutterstock Interest Coverage Distribution

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

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

Shutterstock 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.

Shutterstock'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, Shutterstock's Interest Expense was $-1.9 Mil. Its Operating Income was $68.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $29.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	68.4	/	-1.856
	=	36.85

Shutterstock's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Shutterstock's Interest Expense was $-0.6 Mil. Its Operating Income was $2.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $29.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.124	/	-0.57
	=	3.73

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

Shutterstock (NYSE:SSTK) 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 .

Shutterstock Interest Coverage Related Terms

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

Shutterstock (Shutterstock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Shutterstock Inc (NYSE:SSTK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

S3T:Germany S3T:Germany

Address

350 Fifth Avenue, 20th Floor, New York, NY, USA, 10118

Website

https://www.shutterstock.com

Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, generates almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand, and the majority of the company's sales are derived from the company's shutterstock.com website. The firm's customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.

Executives

Jonathan Oringer	director, 10 percent owner, officer: Chief Executive Officer	C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Steven Ciardiello	officer: Chief Accounting Officer	269 HANCE ROAD, FAIR HAVEN NJ 07704
John Caine	officer: Global Head of eCommerce	350 FIFTH AVE, 20TH FLOOR, NEW YORK NY 10118
Paul J. Hennessy	director	C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Deirdre Mary Bigley	director	109 INWOOD AVENUE, MONTCLAIR NJ 07043
Jarrod Yahes	officer: Chief Financial Officer	425 W. 53RD STREET, PH1, NEW YORK NY 10119
Peter Silvio	officer: Chief Technology Officer	C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Stan Pavlovsky	director, officer: Chief Executive Officer	3316 LINCOLN AVE NE, RENTON WA 98056
Thomas R Evans	director	11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Alfonse L Upshaw	director	350 FIFTH AVENUE, 21ST FL, NEW YORK NY 10118
Abraham Moshe Muchnick	officer: Chief Product Officer	C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Rachna Bhasin	director	1855 GRIFFIN ROAD, B454, DANIA BEACH FL 33004
Martin Brodbeck	officer: Chief Technology Officer	26 BLAIR ROAD, ARMONK NY 10504
Louis Weiss	officer: Chief Marketing Officer	C/O VITAMIN SHOPPE, 2101 91ST STREET, NORTH BERGEN NJ 07047
Jeffrey Kane Weiser	officer: Chief Marketing Officer	314 S. GLENROY AVENUE, LOS ANGELES CA 90049