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Circle Entertainment (Circle Entertainment) Interest Coverage : 0 (At Loss) (As of Dec. 2014)


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What is Circle Entertainment 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. Circle Entertainment's Operating Income for the three months ended in Dec. 2014 was $-0.53 Mil. Circle Entertainment's Interest Expense for the three months ended in Dec. 2014 was $-0.19 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 Circle Entertainment's Interest Coverage or its related term are showing as below:


CEXE's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.74
* 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.


Circle Entertainment Interest Coverage Historical Data

The historical data trend for Circle Entertainment'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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Circle Entertainment Interest Coverage Chart

Circle Entertainment Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Interest Coverage
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Circle Entertainment Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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Competitive Comparison of Circle Entertainment's Interest Coverage

For the Entertainment subindustry, Circle Entertainment'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.


Circle Entertainment's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Circle Entertainment's Interest Coverage distribution charts can be found below:

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



Circle Entertainment 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.

Circle Entertainment's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, Circle Entertainment's Interest Expense was $-0.75 Mil. Its Operating Income was $-2.52 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Circle Entertainment did not have earnings to cover the interest expense.

Circle Entertainment's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Here, for the three months ended in Dec. 2014, Circle Entertainment's Interest Expense was $-0.19 Mil. Its Operating Income was $-0.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Circle Entertainment 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.


Circle Entertainment  (OTCPK:CEXE) 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 .


Circle Entertainment Interest Coverage Related Terms

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


Circle Entertainment (Circle Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
70 East 55th Street, New York, NY, USA, 10022
Circle Entertainment Inc is involved in the development of location-based entertainment line of business.
Executives
John Miller director STARVEST MANAGEMENT, 750 LEXINGTON AVENUE, NEW YORK NY 10022

Circle Entertainment (Circle Entertainment) Headlines

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