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Creatd (Creatd) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Creatd 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. Creatd's Operating Income for the three months ended in Sep. 2023 was $-1.92 Mil. Creatd's Interest Expense for the three months ended in Sep. 2023 was $-0.96 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 Creatd's Interest Coverage or its related term are showing as below:


CRTD's Interest Coverage is not ranked *
in the Interactive Media industry.
Industry Median: 36.48
* 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.


Creatd Interest Coverage Historical Data

The historical data trend for Creatd'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.

Creatd Interest Coverage Chart

Creatd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Creatd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - - - - -

Competitive Comparison of Creatd's Interest Coverage

For the Internet Content & Information subindustry, Creatd'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.


Creatd's Interest Coverage Distribution in the Interactive Media Industry

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

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



Creatd 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.

Creatd'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, Creatd's Interest Expense was $-5.49 Mil. Its Operating Income was $-25.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.12 Mil.

Creatd did not have earnings to cover the interest expense.

Creatd's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Creatd's Interest Expense was $-0.96 Mil. Its Operating Income was $-1.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.91 Mil.

Creatd 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.


Creatd  (OTCPK:CRTD) 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 .


Creatd Interest Coverage Related Terms

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


Creatd (Creatd) Business Description

Traded in Other Exchanges
N/A
Address
419 Lafayette Street, 6th Floor, New York, NY, USA, 10003
Jerrick Media Holdings Inc is a technology and digital media company. It develops and markets branded digital content and e-commerce properties. It is also produces and distributes premium digital media across multiple platforms for targeted demographics.
Executives
Jeremy Frommer director, officer: Chief Executive Officer 202 S. DEAN STREET, ENGLEWOOD NJ 07631
Justin Fontaine Maury officer: President 75 STERLING BLVD APT. 543, ENGLEWOOD NJ 07631
Chelsea Pullano officer: CHIEF FINANCIAL OFFICER C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Laurie Weisberg director C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Bradford Justus director 224 ROBIN WAY, MENLO PARK CA 94025
Lorraine Hendrickson director 718 INLET WATERS CIRCLE, JUPITER FL 33477
Joanna Bloor director 4343 SEQUOYAH ROAD, OAKLAND CA 94605
Eric Ellis Goldberg 10 percent owner PO BOX 580, AQUEBOGUE NY 11931
Leonard M Schiller director
Mark Richard Patterson director C/O JERRICK MEDIA HOLDINGS INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Labrena Martin director 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Mark Standish director C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Arthur Rosen 10 percent owner 50 RIVERSIDE BLVD., APT. 20B, NEW YORK NY 10069
Andrew Fleming Taffin director 32 RIDGEVIEW AVENUE, ATLANTIC HIGHLANDS NJ 07716
Rick Schwartz officer: President 202 S. DEAN STREET, ENGLEWOOD NJ 07631