Asset Entities (Asset Entities) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Asset Entities 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. Asset Entities's Operating Income for the three months ended in Dec. 2023 was $-1.35 Mil. Asset Entities's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Asset Entities has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Asset Entities 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 Asset Entities's Interest Coverage or its related term are showing as below:

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

ASST's Interest Coverage is ranked better than
98.72% of 312 companies
in the Interactive Media industry
Industry Median: 33.795 vs ASST: 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.

Asset Entities Interest Coverage Historical Data

The historical data trend for Asset Entities'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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Asset Entities Interest Coverage Chart

Asset Entities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

Asset Entities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Asset Entities's Interest Coverage

For the Internet Content & Information subindustry, Asset Entities'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.

Asset Entities's Interest Coverage Distribution in the Interactive Media Industry

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

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

Asset Entities 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.

Asset Entities'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, Asset Entities's Interest Expense was $0.00 Mil. Its Operating Income was $-4.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Asset Entities had no debt ⁽¹⁾.

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

Here, for the three months ended in Dec. 2023, Asset Entities's Interest Expense was $0.00 Mil. Its Operating Income was $-1.35 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Asset Entities had no debt ⁽¹⁾.

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

Asset Entities (NAS:ASST) 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 .

Asset Entities Interest Coverage Related Terms

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

Asset Entities (Asset Entities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Asset Entities Inc (NAS:ASST) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Crescent Court, 7th Floor, Dallas, TX, USA, 75201

Website

https://assetentities.com

Asset Entities Inc is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. Its services consist of Discord investment education and entertainment, social media and marketing, and AE.360.DDM services are based on the effective use of Discord as well as other social media including TikTok, Twitter, Instagram, and YouTube.

Executives

Michael Gaubert	director, 10 percent owner, officer: Executive Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
James Sheldon Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Kavous Sarkhani	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Elham Nejad	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Jennifer Joan Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Richard Alfred Burton	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Scott Kelley Mcdonald	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kd Holdings Group, Llc	10 percent owner	4313 OAK KNOLL DRIVE, PLANO TX 75093
Asset Entities Holdings, Llc	10 percent owner	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Richard Benavides	10 percent owner	5934 WALNUT HILL ROAD, DALLAS TX 75230
Arshia Sarkhani	director, 10 percent owner, officer: CEO and President	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Matthew Krueger	10 percent owner, officer: CFO, Treasurer and Secretary	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kyle Fairbanks	director, 10 percent owner, officer: Executive Vice-Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Arman Sarkhani	10 percent owner, officer: Chief Operating Officer	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Jack John A Ii	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201