Galaxy Digital (TSX:GLXY) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Galaxy Digital 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. Galaxy Digital's Operating Income for the three months ended in Dec. 2024 was C$-1.03 Mil. Galaxy Digital's Interest Expense for the three months ended in Dec. 2024 was C$0.00 Mil. Galaxy Digital has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Galaxy Digital Inc has no debt.

(1) 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.

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

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

TSX:GLXY's Interest Coverage is ranked better than
98.45% of 452 companies
in the Capital Markets industry
Industry Median: 22.41 vs TSX:GLXY: 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.

Galaxy Digital Interest Coverage Historical Data

The historical data trend for Galaxy Digital'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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Galaxy Digital Interest Coverage Chart

Galaxy Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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No Debt

Galaxy Digital Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Galaxy Digital's Interest Coverage

For the Capital Markets subindustry, Galaxy Digital'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.

Galaxy Digital's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Galaxy Digital's Interest Coverage distribution charts can be found below:

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

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Galaxy Digital 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.

Galaxy Digital's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Galaxy Digital's Interest Expense was C$0.00 Mil. Its Operating Income was C$-4.55 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Galaxy Digital had no debt ⁽¹⁾.

Galaxy Digital's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Galaxy Digital's Interest Expense was C$0.00 Mil. Its Operating Income was C$-1.03 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Galaxy Digital had no debt ⁽¹⁾.

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

Galaxy Digital (TSX:GLXY) 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 .

Galaxy Digital Interest Coverage Related Terms

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

Galaxy Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Galaxy Digital Inc (TSX:GLXY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GLXY:USA 0P0:Germany 0P0:Germany

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.galaxy.com

Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment.

Executives

Michael Ashe	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Richard Tavoso	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Bill Koutsouras	Director
Erin Brown	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Christopher Charles Ferraro	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Damien Richard Paul Vanderwilt	Director
Stephen S. Kurz	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Dominic Docherty	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Andrew Neal Siegel	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Samuel Eli Englebardt	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Jason Peter Urban	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Kim Maxfield Pillemer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gregory Wasserman	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Alan Wisniewski	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Michael Edward Novogratz	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer