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Workiva (Workiva) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Workiva 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. Workiva's Operating Income for the three months ended in Dec. 2023 was $-9.5 Mil. Workiva's Interest Expense for the three months ended in Dec. 2023 was $-3.2 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 Workiva's Interest Coverage or its related term are showing as below:


WK's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.35
* Ranked among companies with meaningful Interest Coverage only.

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


Workiva Interest Coverage Historical Data

The historical data trend for Workiva'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.

Workiva Interest Coverage Chart

Workiva Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Workiva Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Workiva's Interest Coverage

For the Software - Application subindustry, Workiva'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.


Workiva's Interest Coverage Distribution in the Software Industry

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

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



Workiva 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.

Workiva'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, Workiva's Interest Expense was $-53.6 Mil. Its Operating Income was $-94.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $787.4 Mil.

Workiva did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Workiva's Interest Expense was $-3.2 Mil. Its Operating Income was $-9.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $787.4 Mil.

Workiva did not have earnings to cover the interest expense.

* 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.

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


Workiva  (NYSE:WK) 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 .


Workiva Interest Coverage Related Terms

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


Workiva (Workiva) Business Description

Traded in Other Exchanges
Address
2900 University Boulevard, Ames, IA, USA, 50010
Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. The firm derives its revenue in the form of subscription and support fees and the remainder from professional services.
Executives
Jill Klindt officer: VP & CAO 2900 UNIVERSITY BLVD, AMES IA 50010
Brandon Ziegler officer: Senior Vice President, other: Gen Counsel & Corp. Secretary C/O WORKIVA INC., 2900 UNIVERSITY BLVD., AMES IA 50010
Robert H Herz director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael D. Hawkins officer: EVP, Sales 2900 UNIVERSITY BLVD., AMES IA 50010
Junko Swain officer: SVP, Chief Accounting Officer 2900 UNIVERSITY BLVD., AMES IA 50010
Michael M Crow director 20 W. 9TH STREET, KANSAS CITY MO 64105
Brigid A Bonner director C/O ANALYSTS INTERNATIONAL CORPORATION, 3601 WEST 76TH STREET, EDINA MN 55435
Mithun Banarjee officer: EVP, Global Client Services 2900 UNIVERSITY BOULEVARD, AMES IA 50010
Jeff D Trom 10 percent owner, officer: Executive VP & CTO 2900 UNIVERSITY BLVD., AMES IA 50010
Martin J Vanderploeg director, 10 percent owner, officer: President & COO 2900 UNIVERSITY BLVD., AMES IA 50010
Julie Iskow officer: EVP & Chief Operating Officer 2900 UNIVERSITY BOULEVARD, AMES X1 50010
J Stuart Miller officer: Executive VP, Treasurer & CFO 2900 UNIVERSITY BLVD., AMES IA 50010
Eugene S Katz director 8 GOLDSBOROUGH ST., EASTON MD 21601
Troy M. Calkins officer: Executive VP, Secretary & GC 55 WEST MONROE, SUITE 3150, CHICAGO IL 60603
Scott G. Ryan officer: Executive VP, Global Sales 2900 UNIVERSITY BOULEVARD, AMES IA 50010

Workiva (Workiva) Headlines

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