Fastly (Fastly) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Fastly 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. Fastly's Operating Income for the three months ended in Mar. 2024 was $-46.3 Mil. Fastly's Interest Expense for the three months ended in Mar. 2024 was $-0.6 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 Fastly's Interest Coverage or its related term are showing as below:

FSLY's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.36
* 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.

Fastly Interest Coverage Historical Data

The historical data trend for Fastly'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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Fastly Interest Coverage Chart

Fastly Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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Fastly Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Fastly's Interest Coverage

For the Software - Application subindustry, Fastly'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.

Fastly's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Fastly's Interest Coverage distribution charts can be found below:

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

Fastly 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.

Fastly'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, Fastly's Interest Expense was $-4.1 Mil. Its Operating Income was $-193.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $393.6 Mil.

Fastly did not have earnings to cover the interest expense.

Fastly's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Fastly's Interest Expense was $-0.6 Mil. Its Operating Income was $-46.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $391.1 Mil.

Fastly did not have earnings to cover the interest expense.

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

Fastly (NYSE:FSLY) 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 .

Fastly Interest Coverage Related Terms

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

Fastly (Fastly) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fastly Inc (NYSE:FSLY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FSLY:Mexico 2Y7:Germany 2Y7:Germany F1SL34:Brazil

Address

475 Brannan Street, Suite 300, San Francisco, CA, USA, 94107

Website

https://www.fastly.com

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2022.

Executives

Ronald W Kisling	officer: Chief Financial Officer	2400 BRIDGE PARKWAY, REDWOOD SHORES CA 940651166
Artur Bergman	director, 10 percent owner, officer: Chief Executive Officer	C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Brett Shirk	officer: Chief Revenue Officer	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Todd Nightingale	director, officer: CEO	C/O FASTLY, INC., 475 BRANNAN SUITE 300, SAN FRANCISCO CA 94107
David Hornik	director, 10 percent owner	2480 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Joshua Bixby	officer: President	C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Richard Devon Daniels	director	3005 TASMAN DRIVE, SANTA CLARA CA 95054
Paul Luongo	officer: General Counsel	C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Vanessa C. Smith	director	C/O FASTLY, 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Adriel G Lares	officer: Chief Financial Officer	C/O FASTLY, INC., 475 BRANNAN STREET, SUITE 300, SAN FRANCISCO CA 94107
Charles J Meyers	director	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Paula Loop	director	C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Abdiel Qualified Master Fund Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Lp	10 percent owner	C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016