Music Licensing (Music Licensing) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Music Licensing 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. Music Licensing's Operating Income for the three months ended in Jun. 2023 was $93.2 Mil. Music Licensing's Interest Expense for the three months ended in Jun. 2023 was $0.0 Mil. Music Licensing has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Music Licensing 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 Music Licensing's Interest Coverage or its related term are showing as below:

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

SONG's Interest Coverage is ranked better than
99.68% of 619 companies
in the Media - Diversified industry
Industry Median: 11.09 vs SONG: 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.

Music Licensing Interest Coverage Historical Data

The historical data trend for Music Licensing'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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Music Licensing Interest Coverage Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Interest Coverage

No Debt

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23
Interest Coverage	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Music Licensing's Interest Coverage

For the Entertainment subindustry, Music Licensing'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.

Music Licensing's Interest Coverage Distribution in the Media - Diversified Industry

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

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

Music Licensing 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.

Music Licensing's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Music Licensing's Interest Expense was $0.0 Mil. Its Operating Income was $-0.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Music Licensing had no debt ⁽¹⁾.

Music Licensing's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Music Licensing's Interest Expense was $0.0 Mil. Its Operating Income was $93.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Music Licensing had no debt ⁽¹⁾.

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

Music Licensing (OTCPK:SONG) 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 .

Music Licensing Interest Coverage Related Terms

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Music Licensing (Music Licensing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.