N-able (N-able) Interest Coverage : 2.83 (As of Dec. 2023)

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What is N-able 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. N-able's Operating Income for the three months ended in Dec. 2023 was $21.8 Mil. N-able's Interest Expense for the three months ended in Dec. 2023 was $-7.7 Mil. N-able's interest coverage for the quarter that ended in Dec. 2023 was 2.83. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for N-able's Interest Coverage or its related term are showing as below:

NABL' s Interest Coverage Range Over the Past 10 Years
Min: 0.54 Med: 1.42 Max: 2.51
Current: 2.32

NABL's Interest Coverage is ranked worse than
88.45% of 1602 companies
in the Software industry
Industry Median: 29.35 vs NABL: 2.32

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

N-able Interest Coverage Historical Data

The historical data trend for N-able'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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N-able Interest Coverage Chart

N-able Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.08

1.20

1.63

2.51

2.32

N-able Quarterly Data
	Dec18	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													2.24	1.99	2.10	2.35	2.83

Competitive Comparison of N-able's Interest Coverage

For the Information Technology Services subindustry, N-able'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.

N-able's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where N-able's Interest Coverage falls into.

N-able 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.

N-able'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, N-able's Interest Expense was $-30.3 Mil. Its Operating Income was $70.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $364.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	70.319	/	-30.252
	=	2.32

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

Here, for the three months ended in Dec. 2023, N-able's Interest Expense was $-7.7 Mil. Its Operating Income was $21.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $364.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	21.811	/	-7.72
	=	2.83

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

N-able (NYSE:NABL) 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 .

N-able Interest Coverage Related Terms

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

N-able (N-able) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » N-able Inc (NYSE:NABL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Corporate Drive, Suite 400, Burlington, MA, USA, 01803

Website

https://www.n-able.com

N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.

Executives

Peter C Anastos	officer: EVP, General Cnsl, Secretary	N-ABLE, INC., 301 EDGEWATER DRIVE, SUITE 306, WAKEFIELD MA 01880
John Pagliuca	director, officer: President and CEO	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Tim James O'brien	officer: EVP, Chief Financial Officer	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Frank Colletti	officer: Exec VP, Worldwide Sales	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Ann Johnson	director	C/O N-ABLE, INC., 301 EDGEWATER DRIVE #305, WAKEFIELD MA 01880
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