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Adevinta ASA (OSL:ADE) Interest Coverage : 3.67 (As of Dec. 2023)


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What is Adevinta ASA 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. Adevinta ASA's Operating Income for the three months ended in Dec. 2023 was kr886 Mil. Adevinta ASA's Interest Expense for the three months ended in Dec. 2023 was kr-242 Mil. Adevinta ASA's interest coverage for the quarter that ended in Dec. 2023 was 3.67. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Adevinta ASA's Interest Coverage or its related term are showing as below:

OSL:ADE' s Interest Coverage Range Over the Past 10 Years
Min: 2.43   Med: 5.59   Max: 24.89
Current: 4.15


OSL:ADE's Interest Coverage is ranked worse than
82.43% of 313 companies
in the Interactive Media industry
Industry Median: 37.1 vs OSL:ADE: 4.15

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Adevinta ASA Interest Coverage Historical Data

The historical data trend for Adevinta ASA'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.

* Premium members only.

Adevinta ASA Interest Coverage Chart

Adevinta ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 24.89 12.30 3.20 2.43 4.14

Adevinta ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.83 3.65 4.68 4.52 3.67

Competitive Comparison of Adevinta ASA's Interest Coverage

For the Internet Content & Information subindustry, Adevinta ASA'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.


Adevinta ASA's Interest Coverage Distribution in the Interactive Media Industry

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

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



Adevinta ASA 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.

Adevinta ASA'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, Adevinta ASA's Interest Expense was kr-966 Mil. Its Operating Income was kr4,003 Mil. And its Long-Term Debt & Capital Lease Obligation was kr21,122 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4003.48/-966.357
=4.14

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

Here, for the three months ended in Dec. 2023, Adevinta ASA's Interest Expense was kr-242 Mil. Its Operating Income was kr886 Mil. And its Long-Term Debt & Capital Lease Obligation was kr21,122 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*885.827/-241.589
=3.67

* 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.


Adevinta ASA  (OSL:ADE) 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 .


Adevinta ASA Interest Coverage Related Terms

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


Adevinta ASA (OSL:ADE) Business Description

Traded in Other Exchanges
Address
Grensen 5, P.O. Box 490, Sentrum, Oslo, NOR, NO-0105
Adevinta ASA is a Global online classifieds company with generalist, real estate, cars, jobs, and other internet marketplaces. It focuses on connecting buyers seeking goods or services with a large base of sellers. The company's local brands include leboncoin in France, InfoJobs and Fotocasa in Spain, OLX in Brazil, Subito in Italy, and Jofogas in Hungary, among many others. Its geographical segment includes France; Spain; Brazil; Global Markets and others. The company derives a majority of revenue from France.

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