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Cablevision Systems (Cablevision Systems) Interest Coverage : 1.69 (As of Mar. 2016)


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What is Cablevision Systems 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. Cablevision Systems's Operating Income for the three months ended in Mar. 2016 was $251 Mil. Cablevision Systems's Interest Expense for the three months ended in Mar. 2016 was $-148 Mil. Cablevision Systems's interest coverage for the quarter that ended in Mar. 2016 was 1.69. The higher the ratio, the stronger the company's financial strength is.

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


CVC's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.915
* 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.


Cablevision Systems Interest Coverage Historical Data

The historical data trend for Cablevision Systems'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.

Cablevision Systems Interest Coverage Chart

Cablevision Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 1.05 1.16 1.60 1.45

Cablevision Systems Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 1.54 1.68 1.25 1.34 1.69

Competitive Comparison of Cablevision Systems's Interest Coverage

For the Broadcasting subindustry, Cablevision Systems'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.


Cablevision Systems's Interest Coverage Distribution in the Media - Diversified Industry

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

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



Cablevision Systems 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.

Cablevision Systems's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Cablevision Systems's Interest Expense was $-586 Mil. Its Operating Income was $848 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,620 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2015 )/Interest Expense (A: Dec. 2015 )
=-1*848.471/-585.764
=1.45

Cablevision Systems's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Here, for the three months ended in Mar. 2016, Cablevision Systems's Interest Expense was $-148 Mil. Its Operating Income was $251 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,511 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2016 )/Interest Expense (Q: Mar. 2016 )
=-1*251.255/-148.482
=1.69

* 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.


Cablevision Systems  (NYSE:CVC) 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 .


Cablevision Systems Interest Coverage Related Terms

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


Cablevision Systems (Cablevision Systems) Business Description

Traded in Other Exchanges
N/A
Address
Cablevision Systems Corp is a Delaware corporation which was organized in 1997. It operates through its subsidiary, CSC Holdings. CSC Holdings is a cable operator in the United States. It also provides high-speed data and Voice over Internet Protocol services using its television broadband network; and Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area. One of its subsidiaries also operates a newspaper publishing business. It also owns a cable television advertising sales business and regional news and other local programming services businesses. The Company classifies its operations into three reportable segments: Cable, consisting principally of video, high-speed data, and VoIP services; Lightpath; and Other, consisting principally of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, the News 12 Networks, which provides regional news programming services, Cablevision Media Sales Corporation, a cable television advertising company, and MSG Varsity, a program service dedicated to showcasing high school sports and activities and other local programming. The Company's cable television systems are operated in New York, New Jersey, and Connecticut under non-exclusive franchise agreements, where required by the franchising authority, with state and/or municipal or county franchising authorities. The Company's competitors include Verizon Communications, Inc., AT&T Inc., RCN Corporation, among others. Its cable television systems are subject to federal, state and local regulations.
Executives
Matthew John Dolan other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan 2009 Family Trust Fbo Kathleen M. Dolan other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Cfd 2010 Grandchildren Trust Fbo Aidan Dolan other: Member of 13D Group KNICKERBOCKER GROUP LLC, PO BOX 420, OYSTER BAY NY 11771
Cfd 2010 Grandchildren Trust Fbo Quentin Dolan other: Member of 13D Group KNICKERBOCKER GROUP LLC, PO BOX 420, OYSTER BAY NY 11771
Kathleen Margaret Dolan other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Patrick F. Dolan other: Member of 13D Group DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Cfd 2010 Grandchildren Trust Fbo Descendants Of Kathleen M. Dolan other: Member of 13D Group DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Cfd 2010 Grandchildren Trust Fbo Descendants Of Marianne E. Dolan Weber other: Member of 13D Group DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Cfd 2010 Grandchildren Trust Fbo Descendants Of Patrick F. Dolan other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Cfd 2010 Grandchildren Trust Fbo Descendants Of Deborah A. Dolan-sweeney other: Member of 13D Group DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Mary S Dolan other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
David M Dolan other: Member of 13D Group 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Paul Joseph Dolan director, other: Member of 13D Group TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Ryan Dolan 1989 Trust other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Tara Dolan 1989 Trust other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112

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