Eastman Kodak Co (Eastman Kodak Co) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Eastman Kodak Co 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. Eastman Kodak Co's Operating Income for the three months ended in Dec. 2023 was $-8 Mil. Eastman Kodak Co's Interest Expense for the three months ended in Dec. 2023 was $-16 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 Eastman Kodak Co's Interest Coverage or its related term are showing as below:

KODK' s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 1.6 Max: 2.4
Current: 0.46

KODK's Interest Coverage is ranked worse than
97.85% of 792 companies
in the Business Services industry
Industry Median: 13.34 vs KODK: 0.46

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Eastman Kodak Co Interest Coverage Historical Data

The historical data trend for Eastman Kodak Co'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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Eastman Kodak Co Interest Coverage Chart

Eastman Kodak Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.31

Eastman Kodak Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.55	1.27	1.36	0.21	-

Competitive Comparison of Eastman Kodak Co's Interest Coverage

For the Specialty Business Services subindustry, Eastman Kodak Co'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.

Eastman Kodak Co's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Eastman Kodak Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Eastman Kodak Co's Interest Coverage falls into.

Eastman Kodak Co 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.

Eastman Kodak Co'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, Eastman Kodak Co's Interest Expense was $-52 Mil. Its Operating Income was $16 Mil. And its Long-Term Debt & Capital Lease Obligation was $481 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	16	/	-52
	=	0.31

Eastman Kodak Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Eastman Kodak Co's Interest Expense was $-16 Mil. Its Operating Income was $-8 Mil. And its Long-Term Debt & Capital Lease Obligation was $481 Mil.

Eastman Kodak Co did not have earnings to cover the interest expense.

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

Eastman Kodak Co (NYSE:KODK) 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 .

Eastman Kodak Co Interest Coverage Related Terms

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Eastman Kodak Co (Eastman Kodak Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Eastman Kodak Co (NYSE:KODK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KODN:Germany

Address

343 State Street, Rochester, NY, USA, 14650

Website

https://www.kodak.com

Eastman Kodak Co is a United States-based company. The company operates via several business segments: Traditional Printing, Digital Printing, Brand and Advanced Materials and Chemicals. The Traditional Printing segment which derives the majority of revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of the total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.

Executives

Philippe D Katz	director	160 BROADWAY, NEW YORK NY 10038
David Bovenzi	director	C/O EASTMAN KODAK COMPANY, 343 STATE STREET, ROCHESTER NY 14650
Michael Sileck	director	C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902
Randy Vandagriff	officer: Vice President	EASTMAN KODAK COMPANY, 343 STATE STREET, ROCHESTER NY 14650
Kennedy Lewis Investment Management Llc	director	80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
Kennedy Lewis Capital Partners Master Fund Lp	director	80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
Kennedy Lewis Capital Partners Master Fund Iii Lp	director	111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120
Kennedy Lewis Gp Iii Llc	director	111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120
Kathleen B. Lynch	director	C/O EASTMAN KODAK COMPANY, 343 STATE STREET, ROCHESTER NY 14650
Richard T Michaels	officer: CAO and Corp. Controller	C/O EASTMAN KODAK COMPANY, 343 STATE STREET, ROCHESTER NY 14650
Darren Richman	director	80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
David Chene	director	80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
Kennedy Lewis Management Lp	director	225 LIBERTY STREET, SUITE 4210, NEW YORK NY 10281
Klm Gp Llc	director	80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
Kennedy Lewis Investment Holdings Llc	director	111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120