Take-Two Interactive Software (NAS:TTWO) Interest Coverage

: 0 (At Loss) (As of Jun. 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. Take-Two Interactive Software's Operating Income for the three months ended in Jun. 2023 was $-204 Mil. Take-Two Interactive Software's Interest Expense for the three months ended in Jun. 2023 was $-25 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 Take-Two Interactive Software's Interest Coverage or its related term are showing as below:

TTWO's Interest Coverage is not ranked ^*
in the Interactive Media industry.
Industry Median: 43.52
* 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.

Take-Two Interactive Software Interest Coverage Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

25.11

81.07

59.38

19.33

Take-Two Interactive Software Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage																-	-	-	-	-

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

Annual Data Quarterly Data

Take-Two Interactive Software Interest Coverage Distribution

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

* The bar in red indicates where Take-Two Interactive Software's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Take-Two Interactive Software 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.

Take-Two Interactive Software's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Take-Two Interactive Software's Interest Expense was $-144 Mil. Its Operating Income was $-1,165 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,080 Mil.

Take-Two Interactive Software did not have earnings to cover the interest expense.

Take-Two Interactive Software's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Take-Two Interactive Software's Interest Expense was $-25 Mil. Its Operating Income was $-204 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,059 Mil.

Take-Two Interactive Software did not have earnings to cover the interest expense.

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

Take-Two Interactive Software (NAS:TTWO) 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 .

Take-Two Interactive Software Interest Coverage Related Terms

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Take-Two Interactive Software (NAS:TTWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Take-Two Interactive Software Inc (NAS:TTWO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

TTWO:Mexico TKE:Germany T1TW34:Brazil TTWO:Austria

Address

110 West 44th Street, New York, NY, USA, 10036

Website

https://www.take2games.com

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.

Executives

William B Gordon	director
Ellen F Siminoff	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Laverne Evans Srinivasan	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Daniel P Emerson	officer: General Counsel	622 BROADWAY, NEW YORK NY 10012
Susan Tolson	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Benjamim Feder	officer: Chief Executive Officer	C/O ZELNICKMEDIA CORPORATION, 650 5TH AVENUE, NEW YORK NY 10019
Karl Slatoff	officer: Executive Vice President	C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Strauss Zelnick	director, officer: Executive Chairman	C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Lainie Goldstein	officer: Chief Financial Officer	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Seth D Krauss	officer: Exec VP and General Counsel	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012