Opera (OPRA) Interest Coverage : 137.85 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Opera 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. Opera's Operating Income for the three months ended in Mar. 2024 was $19.6 Mil. Opera's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. Opera's interest coverage for the quarter that ended in Mar. 2024 was 137.85. 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. Opera Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

OPRA' s Interest Coverage Range Over the Past 10 Years
Min: 1.15 Med: 159.58 Max: 501.43
Current: 501.43

OPRA's Interest Coverage is ranked better than
76.9% of 316 companies
in the Interactive Media industry
Industry Median: 34.915 vs OPRA: 501.43

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

Opera Interest Coverage Historical Data

The historical data trend for Opera'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.

* Premium members only.

Opera Interest Coverage Chart

Opera Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.15

159.58

172.28

Opera Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															37.50	156.71	188.40	-	137.85

Competitive Comparison of Opera's Interest Coverage

For the Internet Content & Information subindustry, Opera'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.

Opera's Interest Coverage Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Opera's Interest Coverage distribution charts can be found below:

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

Opera 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.

Opera'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, Opera's Interest Expense was $-0.4 Mil. Its Operating Income was $63.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	63.572	/	-0.369
	=	172.28

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

Here, for the three months ended in Mar. 2024, Opera's Interest Expense was $-0.1 Mil. Its Operating Income was $19.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	19.574	/	-0.142
	=	137.85

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

Opera (NAS:OPRA) 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 .

Opera Interest Coverage Related Terms

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

Opera (OPRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Opera Ltd (NAS:OPRA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2V8:Germany 2V8:Germany

Address

Vitaminveien 4, Oslo, NOR, 0485

Website

https://www.opera.com

Opera Ltd is a global internet brand with a large, engaged and growing base. It offers users around the globe a range of products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. The newest addition of browsers is the beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.