Meta Platforms Inc.

NASDAQ META

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Meta Platforms Inc. Interest Coverage Ratio 2 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 3.56%

Meta Platforms Inc. Interest Coverage Ratio 2 year CAGR is 3.56% for the Trailing 12 Months (TTM) ending March 31, 2024, a -89.11% change year over year. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Meta Platforms Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 124.19, a 17.00% change year over year.
Meta Platforms Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 106.15, a 50.44% change year over year.
Meta Platforms Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 70.56, a 148.67% change year over year.
Meta Platforms Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 28.37, a -14.29% 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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