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Sunplus Innovation Technology (ROCO:5236) Interest Coverage : 827.02 (As of Mar. 2024)


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What is Sunplus Innovation Technology 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. Sunplus Innovation Technology's Operating Income for the three months ended in Mar. 2024 was NT$120 Mil. Sunplus Innovation Technology's Interest Expense for the three months ended in Mar. 2024 was NT$-0 Mil. Sunplus Innovation Technology's interest coverage for the quarter that ended in Mar. 2024 was 827.02. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sunplus Innovation Technology Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:5236' s Interest Coverage Range Over the Past 10 Years
Min: 95.71   Med: 721.84   Max: 2989.05
Current: 669.86


ROCO:5236's Interest Coverage is ranked better than
89.89% of 613 companies
in the Semiconductors industry
Industry Median: 20.13 vs ROCO:5236: 669.86

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


Sunplus Innovation Technology Interest Coverage Historical Data

The historical data trend for Sunplus Innovation Technology'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.

Sunplus Innovation Technology Interest Coverage Chart

Sunplus Innovation Technology Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 243.14 1,240.03 2,989.05 2,388.64 721.84

Sunplus Innovation Technology Quarterly Data
Dec18 Jun19 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 3,258.64 6,558.20 14,050.55 245.72 827.02

Competitive Comparison of Sunplus Innovation Technology's Interest Coverage

For the Semiconductors subindustry, Sunplus Innovation Technology'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.


Sunplus Innovation Technology's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunplus Innovation Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunplus Innovation Technology's Interest Coverage falls into.



Sunplus Innovation Technology 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.

Sunplus Innovation Technology'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, Sunplus Innovation Technology's Interest Expense was NT$-1 Mil. Its Operating Income was NT$474 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*474.251/-0.657
=721.84

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

Here, for the three months ended in Mar. 2024, Sunplus Innovation Technology's Interest Expense was NT$-0 Mil. Its Operating Income was NT$120 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$20 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*119.918/-0.145
=827.02

* 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.


Sunplus Innovation Technology  (ROCO:5236) 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 .


Sunplus Innovation Technology Interest Coverage Related Terms

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


Sunplus Innovation Technology (ROCO:5236) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Li-Hsin 1st Road, A2, 3rd Floor, Hsinchu Science Park, Taiwan, TWN, 300
Sunplus Innovation Technology Inc is engaged in the business of developing, manufacturing, and marketing the Microcontrollers and System-on-Chips with embedded software solutions targeting Human Interface Devices, PC External HDD/ODD Drives, PC/NB Camera and Industry Control market segments. The product portfolio includes Web camera controllers, NB camera controllers, IOT camera controllers, and other products.

Sunplus Innovation Technology (ROCO:5236) Headlines

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