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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. Houlihan Lokey's Operating Income for the three months ended in Jun. 2024 was $96 Mil. Houlihan Lokey's Interest Expense for the three months ended in Jun. 2024 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Houlihan Lokey's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Houlihan Lokey'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.
Houlihan Lokey Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
Houlihan Lokey Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
For the Capital Markets subindustry, Houlihan Lokey'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.
For the Capital Markets industry and Financial Services sector, Houlihan Lokey's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Houlihan Lokey's Interest Coverage falls into.
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.
Houlihan Lokey's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as
Here, for the fiscal year that ended in Mar. 2024, Houlihan Lokey's Interest Expense was $0 Mil. Its Operating Income was $363 Mil. And its Long-Term Debt & Capital Lease Obligation was $415 Mil.
GuruFocus does not calculate Houlihan Lokey's interest coverage with the available data. |
Houlihan Lokey's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Here, for the three months ended in Jun. 2024, Houlihan Lokey's Interest Expense was $0 Mil. Its Operating Income was $96 Mil. And its Long-Term Debt & Capital Lease Obligation was $435 Mil.
GuruFocus does not calculate Houlihan Lokey's interest coverage with the available data. |
* 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.
Houlihan Lokey (NYSE:HLI) 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 .
Thank you for viewing the detailed overview of Houlihan Lokey's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Gillian Beth Zucker | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BOULEVARD, 5TH FLOOR, LOS ANGELES AR 90067 |
Christopher M Crain | officer: GENERAL COUNSEL | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Scott L Beiser | director, officer: CHIEF EXECUTIVE OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Irwin Gold | director, 10 percent owner, officer: EXECUTIVE CHAIRMAN | |
David A Preiser | director, officer: CO-PRESIDENT | |
J Lindsey Alley | officer: CHIEF FINANCIAL OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Robert A Schriesheim | director | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Todd J Carter | director | 700 CANAL STREET, THIRD FLOOR, STAMFORD CT 06902 |
Paul Andrew Zuber | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Scott Joseph Adelson | director, officer: CO-PRESIDENT | 1930 CENTURY PARK WEST, LOS ANGELES CA 90067 |
Ekpedeme M Bassey | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Cyrus D. Walker | director | C/O MARIPOSA CAPITAL, LLC, 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139 |
Orix Hlhz Holding Llc | 10 percent owner | 1717 MAIN STREET, SUITE 900, DALLAS TX 75201 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Jacqueline B Kosecoff | director | 5960 HEISLEY ROAD, MENTOR OH 44060 |
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