Gaming Realms (LSE:GMR) Interest Coverage : 133.23 (As of Dec. 2023)

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What is Gaming Realms 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. Gaming Realms's Operating Income for the six months ended in Dec. 2023 was £2.93 Mil. Gaming Realms's Interest Expense for the six months ended in Dec. 2023 was £-0.02 Mil. Gaming Realms's interest coverage for the quarter that ended in Dec. 2023 was 133.23. 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. Gaming Realms PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Gaming Realms's Interest Coverage or its related term are showing as below:

LSE:GMR' s Interest Coverage Range Over the Past 10 Years
Min: 3.42 Med: 12.47 Max: 120.23
Current: 120.2

LSE:GMR's Interest Coverage is ranked better than
85.43% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs LSE:GMR: 120.20

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

Gaming Realms Interest Coverage Historical Data

The historical data trend for Gaming Realms'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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Gaming Realms Interest Coverage Chart

Gaming Realms Annual Data

Trend

Sep13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.42

12.47

120.23

Gaming Realms Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.70	12.34	12.56	107.18	133.23

Competitive Comparison of Gaming Realms's Interest Coverage

For the Gambling subindustry, Gaming Realms'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.

Gaming Realms's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gaming Realms's Interest Coverage distribution charts can be found below:

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

Gaming Realms 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.

Gaming Realms'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, Gaming Realms's Interest Expense was £-0.04 Mil. Its Operating Income was £5.29 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.13 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5.29	/	-0.044
	=	120.23

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

Here, for the six months ended in Dec. 2023, Gaming Realms's Interest Expense was £-0.02 Mil. Its Operating Income was £2.93 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.13 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.931	/	-0.022
	=	133.23

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

Gaming Realms (LSE:GMR) 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 .

Gaming Realms Interest Coverage Related Terms

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

Gaming Realms (LSE:GMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Realms PLC (LSE:GMR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PSDMF:USA GMR.GB:UK RNE1:Germany

Address

Two Valentine Place, London, GBR, SE1 8QH

Website

https://www.gamingrealms.com

Gaming Realms PLC is a gaming company. It develops, publishes and licenses next-generation mobile gaming content. The company creates and publishes real money and social games for mobile, with operations in the UK, the U.S and Canada. The group has two continuing reportable operating segments Licensing - brand and content licensing to partners in Europe and the U.S, and Social Publishing - providing freemium games to the U.S and Europe. The company's geographical segment includes the UK, including Channel Islands, the U.S and Rest of the world. It generates the majority of its revenue from Social Publishing segment.

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