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Wiwynn (TPE:6669) Interest Coverage : 17.83 (As of Mar. 2024)


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What is Wiwynn 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. Wiwynn's Operating Income for the three months ended in Mar. 2024 was NT$5,857 Mil. Wiwynn's Interest Expense for the three months ended in Mar. 2024 was NT$-329 Mil. Wiwynn's interest coverage for the quarter that ended in Mar. 2024 was 17.83. The higher the ratio, the stronger the company's financial strength is.

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

TPE:6669' s Interest Coverage Range Over the Past 10 Years
Min: 8.7   Med: 21.95   Max: 36.92
Current: 16.37


TPE:6669's Interest Coverage is ranked better than
54.45% of 1583 companies
in the Hardware industry
Industry Median: 12.57 vs TPE:6669: 16.37

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


Wiwynn Interest Coverage Historical Data

The historical data trend for Wiwynn'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.

Wiwynn Interest Coverage Chart

Wiwynn Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.22 36.92 31.98 20.23 16.64

Wiwynn 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.49 13.13 11.08 27.75 17.83

Competitive Comparison of Wiwynn's Interest Coverage

For the Computer Hardware subindustry, Wiwynn'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.


Wiwynn's Interest Coverage Distribution in the Hardware Industry

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

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



Wiwynn 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.

Wiwynn'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, Wiwynn's Interest Expense was NT$-953 Mil. Its Operating Income was NT$15,863 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$9,631 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*15862.728/-953.143
=16.64

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

Here, for the three months ended in Mar. 2024, Wiwynn's Interest Expense was NT$-329 Mil. Its Operating Income was NT$5,857 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$10,166 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*5856.504/-328.536
=17.83

* 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.


Wiwynn  (TPE:6669) 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 .


Wiwynn Interest Coverage Related Terms

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


Wiwynn (TPE:6669) Business Description

Traded in Other Exchanges
N/A
Address
Xintai 5th Road, 8th Floor, 90, Section 1, Xizhi District, Taipei, TWN, 221-02
Wiwynn Corp is a Taiwan based cloud infrastructure provider. The company is a cloud-enabling service company that is engaged in research, development, design, testing, and sales of products, semi-products, peripheral equipments and parts of computer and peripheral equipments, data storage media, electric appliances and media products, information software, export business relating to the business of the company, management consult services, information software services, and data processing services. The company derives revenue from manufacturing and sale of servers and storage in cloud infrastructure and hyperscale data center.

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