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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. Jakks Pacific's Operating Income for the three months ended in Mar. 2024 was $-21.3 Mil. Jakks Pacific's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Jakks Pacific'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 Jakks Pacific'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.
Jakks Pacific Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | 0.69 | 2.75 | 5.48 | 9.16 |
Jakks Pacific Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | - | 12.63 | 43.45 | - | - |
For the Leisure subindustry, Jakks Pacific'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 Travel & Leisure industry and Consumer Cyclical sector, Jakks Pacific's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Jakks Pacific'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.
Jakks Pacific'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, Jakks Pacific's Interest Expense was $-6.5 Mil. Its Operating Income was $59.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $16.7 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 59.107 | / | -6.451 | |
= | 9.16 |
Jakks Pacific's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Jakks Pacific's Interest Expense was $-0.1 Mil. Its Operating Income was $-21.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $16.0 Mil.
Jakks Pacific did not have earnings to cover the interest expense. |
* 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.
Jakks Pacific (NAS:JAKK) 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 Jakks Pacific's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Benefit Street Partners Llc | 10 percent owner | 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019 |
Lawrence I Rosen | 10 percent owner | 1578 SUSSEX TURNPIKE, BUILDING 5, RANDOLPH NJ 07689 |
Stephen G Berman | director, 10 percent owner, officer: CEO, President and Secretary | 22619 PACIFIC COAST HWY, MALIBU CA 90265 |
Lori Macpherson | director | C/O JAKKS PACIFIC INC., 2951 28TH ST., SANTA MONICA CA 90405 |
Thomas Gahan | 10 percent owner | 9 WEST 57TH STREET, SUITE 4700, NEW YORK NY 10019 |
John Joseph Mcgrath | officer: Chief Operating Officer | 22619 PACIFIC COAST HIGHWAY, MALIBU CA 90265 |
John Louis Kimble | officer: Chief Financial Officer | 49 8TH STREET, HERMOSA BEACH CA 90254 |
Carole Levine | director | C/O JAKKS PACIFIC INC., 2951 28TH STREET, SANTA MONICA CA 90405 |
Axar Capital Management L.p. | director, other: See Remarks | 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Axar Gp, Llc | director, other: See Remarks | C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Andrew Axelrod | director, other: See Remarks | C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Matthew T. Winkler | director | C/O JAKKS PACIFIC INC., 2951 28TH STREET, SANTA MONICA CA 90405 |
Brent T Novak | officer: Chief Financial Officer | C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302 |
Michael S Sitrick | director | 11777 SAN VICENTE BLVD SUITE 5500, LOS ANGELES CA 90049 |
Meisheng Cultural & Creative Corp., Ltd. | 10 percent owner | NANYAN DISTRICT, HI-TECH INDUSTRIAL PARK, XINCHANG, SHAOXING F4 312500 |
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