Nerdy (NRDY) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Nerdy 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. Nerdy's Operating Income for the three months ended in Dec. 2023 was $-10.2 Mil. Nerdy's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Nerdy 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. Nerdy 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 Nerdy's Interest Coverage or its related term are showing as below:

NRDY' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

NRDY's Interest Coverage is ranked better than
98.87% of 1598 companies
in the Software industry
Industry Median: 29.35 vs NRDY: No Debt

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

Nerdy Interest Coverage Historical Data

The historical data trend for Nerdy'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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Nerdy Interest Coverage Chart

Nerdy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Nerdy Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial												No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nerdy's Interest Coverage

For the Software - Application subindustry, Nerdy'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.

Nerdy's Interest Coverage Distribution in the Software Industry

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

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

Nerdy 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.

Nerdy'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, Nerdy's Interest Expense was $0.0 Mil. Its Operating Income was $-57.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Nerdy had no debt ⁽¹⁾.

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

Here, for the three months ended in Dec. 2023, Nerdy's Interest Expense was $0.0 Mil. Its Operating Income was $-10.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Nerdy had no debt ⁽¹⁾.

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

Nerdy (NYSE:NRDY) 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 .

Nerdy Interest Coverage Related Terms

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

Nerdy (NRDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nerdy Inc (NYSE:NRDY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 S. Hanley Road, Suite 300, St. Louis, MO, USA, 63105

Website

https://www.nerdy.com

Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its comprehensive learning destination provides learning experiences across various subjects and multiple formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

Executives

Jason H. Pello	officer: Chief Financial Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Christopher C. Swenson	officer: Chief Legal Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Charles K. Cohn	director, officer: Chief Executive Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Heidi Robinson	officer: Chief Product Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Tpg Gp A, Llc	director, 10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Light Street Mercury Master Fund, L.p.	10 percent owner	525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Stuart Udell	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Christopher P Marshall	director	250 MIDDLEFIELD RD, MENLO PARK CA 94025
Jon Winkelried	director, 10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Gregory Mrva	officer: President	C/O CITADEL BROADCASTING CORPORATION, 7201 W. LAKE MEAD BLVD. 400, LAS VEGAS NV 89128
Technology Crossover Management Viii, Ltd.	10 percent owner, other: Member of a 13(d) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Technology Crossover Manangement Viii, L.p.	10 percent owner, other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii (a), L.p.	other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii, L.p.	10 percent owner, other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Catherine Beaudoin	director	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105