GitLab (GitLab) Interest Coverage : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is GitLab 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. GitLab's Operating Income for the three months ended in Jan. 2024 was $-34.9 Mil. GitLab's Interest Expense for the three months ended in Jan. 2024 was $0.0 Mil. GitLab has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GitLab Inc has enough cash to cover all of its debt. Its financial situation is stable.

(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 GitLab's Interest Coverage or its related term are showing as below:

GTLB'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.

GitLab Interest Coverage Historical Data

The historical data trend for GitLab'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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GitLab Interest Coverage Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

No Debt

N/A

No Debt

GitLab Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial												N/A	N/A	N/A	N/A	No Debt

Competitive Comparison of GitLab's Interest Coverage

For the Software - Infrastructure subindustry, GitLab'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.

GitLab's Interest Coverage Distribution in the Software Industry

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

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

GitLab 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.

GitLab's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, GitLab's Interest Expense was $0.0 Mil. Its Operating Income was $-187.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

GitLab had no debt ⁽¹⁾.

GitLab's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, GitLab's Interest Expense was $0.0 Mil. Its Operating Income was $-34.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

GitLab had no debt ⁽¹⁾.

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

GitLab (NAS:GTLB) 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 .

GitLab Interest Coverage Related Terms

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

GitLab (GitLab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (NAS:GTLB) » Definitions » Interest Coverage

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Traded in Other Exchanges

GTLB:Mexico

Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Executives

Robin Schulman	officer: Chief Legal Officer & Corp Sec	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Sytse Sijbrandij	director, officer: Chief Executive Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Brian G Robins	officer: Chief Financial Officer	21355 RIDGETOP CIRCLE, ATTN: GENERAL COUNSEL, DULLES VA 20166
Erin Mannix	officer: Chief Accounting Officer	801 LAKEVIEW DRIVE, BLUE BELL PA 19422
Mark Porter	director	C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Susan L Bostrom	director
Iconiq Strategic Partners Iv, L.p.	10 percent owner	394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Matthew Jacobson	director, 10 percent owner	C/O DATADOG, INC., 45TH FLOOR, NEW YORK NY 10001
Iconiq Strategic Partners Iii, L.p.	10 percent owner	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Christopher Lee Weber	officer: Chief Revenue Officer	C/O UIPATH, INC., 452 5TH AVENUE, 22ND FLOOR, NEW YORK NY 10018
Michael Eugene Mcbride	officer: Chief Revenue Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Dale R Brown	officer: Principal Accounting Officer	1060 E ARQUES AVE, SUNNYVALE CA 94085
Gv 2021 Gp, L.l.c.	other: Member of 10% Group	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Divesh Makan	10 percent owner	C/O ICONIQ CAPITAL, 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Howard Hartenbaum	10 percent owner	2480 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025