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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. Nasdaq's Operating Income for the three months ended in Sep. 2024 was $480 Mil. Nasdaq's Interest Expense for the three months ended in Sep. 2024 was $-98 Mil. Nasdaq's interest coverage for the quarter that ended in Sep. 2024 was 4.90. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nasdaq's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Nasdaq'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.
Nasdaq Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 9.44 | 14.14 | 13.56 | 13.84 | 6.64 |
Nasdaq Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Interest Coverage | Get a 7-Day Free Trial | 4.66 | 4.54 | 4.32 | 4.88 | 4.90 |
For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.
For the Capital Markets industry and Financial Services sector, Nasdaq's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nasdaq's Interest Coverage falls into.
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.
Nasdaq'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, Nasdaq's Interest Expense was $-272 Mil. Its Operating Income was $1,806 Mil. And its Long-Term Debt & Capital Lease Obligation was $10,580 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 1806 | / | -272 | |
= | 6.64 |
Nasdaq's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as
Here, for the three months ended in Sep. 2024, Nasdaq's Interest Expense was $-98 Mil. Its Operating Income was $480 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,758 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2024 ) | / | Interest Expense (Q: Sep. 2024 ) |
= | -1 | * | 480 | / | -98 | |
= | 4.90 |
* 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.
Nasdaq (NAS:NDAQ) 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 .
Thank you for viewing the detailed overview of Nasdaq's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
John Zecca | officer: Executive Vice President | 151 W. 42ND STREET, NEW YORK NY 10036 |
Bradley J Peterson | officer: Executive Vice President | ONE LIBERTY PLAZA, NEW YORK NY 10006 |
Adenza Parent, Lp | director, 10 percent owner | ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150 |
Bryan Everard Smith | officer: Executive Vice President | 151 W. 42ND STREET, NEW YORK NY 10036 |
Borse Dubai Ltd | 10 percent owner | LEVEL 7, PRECINCT BLDG 5, GATE DISTRICT, PO BOX 506690, DUBAI INTL FINANCIAL CTR, DUBAI C0 00000 |
Spaht Paul Holden Jr. | director | 600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111 |
Thoma Bravo Ugp, Llc | director, 10 percent owner | 110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606 |
Ann M Dennison | officer: Controller and Prin Acctg Ofcr | ONE LIBERTY PLAZA, NEW YORK NY 10006 |
Johan Torgeby | director | 151 W. 42ND STREET, NEW YORK NY 10036 |
Jeffery W Yabuki | director | 255 FISERV DRIVE, BROOKFIELD WI 53045 |
Adena T Friedman | officer: Executive Vice President | 1801 K STREET, N.W., WASHINGTON DC 20006 |
Michael R Splinter | director | |
Steven D Black | director | C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
Michelle Lynn Daly | officer: Controller and Prin Acctg Ofcr | 151 W. 42ND STREET, NEW YORK NY 10036 |
Brendan Brothers | officer: Interim Head of AFC | 151 W. 42ND STREET, NEW YORK NY 10036 |
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