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Freedom Hldg (Freedom Hldg) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Freedom Hldg 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. Freedom Hldg's Operating Income for the three months ended in Mar. 2024 was $-0.02 Mil. Freedom Hldg's Interest Expense for the three months ended in Mar. 2024 was $-0.00 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 Freedom Hldg's Interest Coverage or its related term are showing as below:


FHLD's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.54
* 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.


Freedom Hldg Interest Coverage Historical Data

The historical data trend for Freedom Hldg'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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Freedom Hldg Interest Coverage Chart

Freedom Hldg Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Sep20 Sep21 Sep22 Sep23
Interest Coverage
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Freedom Hldg Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Freedom Hldg's Interest Coverage

For the Broadcasting subindustry, Freedom Hldg'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.


Freedom Hldg's Interest Coverage Distribution in the Media - Diversified Industry

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

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



Freedom Hldg 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.

Freedom Hldg's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Freedom Hldg's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.13 Mil.

Freedom Hldg did not have earnings to cover the interest expense.

Freedom Hldg's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Freedom Hldg's Interest Expense was $-0.00 Mil. Its Operating Income was $-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.13 Mil.

Freedom Hldg 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.


Freedom Hldg  (OTCPK:FHLD) 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 .


Freedom Hldg Interest Coverage Related Terms

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


Freedom Hldg (Freedom Hldg) Business Description

Traded in Other Exchanges
N/A
Address
6461 N 100 E, Ossian, IN, USA, 46777
Freedom Hldg Inc specializes in the identification and development of technologies with commercial applications. Its Launch TV Network Company is a full entertainment network, with sports, cooking, music, and cartoons for kids, as well as other programs.
Executives
Robert W Carteaux director 6615 BROTHERHOOD WAY, FORT WAYNE IN 46825
Brian K Kistler director, 10 percent owner, officer: Principle Executive Officer 215 NORTH JEFFERSON, OSSIAN IN 46777
Stan P Lipp director 6615 BROTHERHOOD WAY, FORT WAYNE IN 46825
Rodney J Sinn director, 10 percent owner 6615 BROTHERHOOD WAY, FORT WAYNE IN 46825
Gregory K Fields director 6615 BROTHERHOOD WAY, FORT WAYNE IN 46825
Robin W Hunt director, officer: Principal Financial Officer 6615 BROTHERHOOD WAY, FORT WAYNE IN 46825