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Starry Group Holdings (Starry Group Holdings) Interest Coverage : 0 (At Loss) (As of Sep. 2022)


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What is Starry Group Holdings 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. Starry Group Holdings's Operating Income for the three months ended in Sep. 2022 was $-62.10 Mil. Starry Group Holdings's Interest Expense for the three months ended in Sep. 2022 was $-8.58 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 Starry Group Holdings's Interest Coverage or its related term are showing as below:


STRYQ's Interest Coverage is not ranked *
in the Telecommunication Services industry.
Industry Median: 4.59
* 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.


Starry Group Holdings Interest Coverage Historical Data

The historical data trend for Starry Group Holdings'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.

Starry Group Holdings Interest Coverage Chart

Starry Group Holdings Annual Data
Trend Dec19 Dec20 Dec21
Interest Coverage
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Starry Group Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Starry Group Holdings's Interest Coverage

For the Telecom Services subindustry, Starry Group Holdings'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.


Starry Group Holdings's Interest Coverage Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Starry Group Holdings's Interest Coverage distribution charts can be found below:

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



Starry Group Holdings 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.

Starry Group Holdings's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Starry Group Holdings's Interest Expense was $-24.74 Mil. Its Operating Income was $-129.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $191.60 Mil.

Starry Group Holdings did not have earnings to cover the interest expense.

Starry Group Holdings's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Starry Group Holdings's Interest Expense was $-8.58 Mil. Its Operating Income was $-62.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $229.20 Mil.

Starry Group Holdings 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.


Starry Group Holdings  (OTCPK:STRYQ) 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 .


Starry Group Holdings Interest Coverage Related Terms

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


Starry Group Holdings (Starry Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
38 Chauncy Street, Suite 200, Boston, MA, USA, 02111
Starry Group Holdings Inc is connecting people and communities to high-speed, broadband internet using innovative, wideband hybrid-fiber fixed wireless technology. It is deploying gigabit-capable broadband to the home without bundles, data caps, or long-term contracts. The company is building a platform for the future by putting customers first, protecting privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority.
Executives
Tiger Global Management Llc 10 percent owner 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Michael Pasciak officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Coleman Charles P Iii 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Management Ix, Ltd. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Performance Ix, L.p. 10 percent owner C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Private Investment Partners Ix, L.p. 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Scott L Shleifer 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Firstmark Horizon Sponsor Llc director, 10 percent owner 100 5TH AVE, 3RD FLOOR, NEW YORK NY 10011
Amish A Jani director, 10 percent owner
Richard R Heitzmann director, 10 percent owner 500 NYALA FARM ROAD, WESTPORT CT 06880
James Chiddix director C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 33408
Joseph T Lipowski officer: See Remarks C/O LOJACK CORPORATION, 200 LOWDERBROOK DRIVE, SUITE 1000, WESTWOOD MA 02090
William J Lundregan officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Jeremy R Mackechnie officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Alexis Cedric Moulle-berteaux officer: See Remarks C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111

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