Meta Platforms Inc.

NASDAQ META

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Meta Platforms Inc. EBITDA Coverage Ratio 1 year YoY Change (%) for the year ending December 31, 2023: -37.02%

Meta Platforms Inc. EBITDA Coverage Ratio 1 year YoY Change (%) is -37.02% for the year ending December 31, 2023, a -151.88% change year over year. The EBITDA Coverage Ratio measures a company's ability to cover its interest expenses with its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). It indicates the company's capacity to meet interest obligations from its operational earnings. A higher ratio suggests better coverage and financial stability, indicating that the company generates sufficient cash flow to cover its interest expenses. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Meta Platforms Inc. EBITDA Coverage Ratio for the year ending December 31, 2022 was 203.41, a 71.36% change year over year.
Meta Platforms Inc. EBITDA Coverage Ratio for the year ending December 31, 2021 was 118.70, a 101.77% change year over year.
Meta Platforms Inc. EBITDA Coverage Ratio for the year ending December 31, 2020 was 58.83, a -96.04% change year over year.
Meta Platforms Inc. EBITDA Coverage Ratio for the year ending December 31, 2019 was 1,486.35, a -54.23% change year over year.

NASDAQ: META

Meta Platforms Inc.

CEO	Mr. Mark Elliot Zuckerberg
IPO Date	May 18, 2012
Location	United States
Headquarters	1601 Willow Road, Menlo Park, CA, United States, 94025
Employees	69,329
Sector	Communication Services
Industry	Internet content & information

Description

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California

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