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Grade Upon Technology (ROCO:6739) Interest Coverage : 386.37 (As of Dec. 2023)


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What is Grade Upon 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. Grade Upon Technology's Operating Income for the six months ended in Dec. 2023 was NT$34.8 Mil. Grade Upon Technology's Interest Expense for the six months ended in Dec. 2023 was NT$-0.1 Mil. Grade Upon Technology's interest coverage for the quarter that ended in Dec. 2023 was 386.37. 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. Grade Upon Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:6739' s Interest Coverage Range Over the Past 10 Years
Min: 21.84   Med: 76.3   Max: 827.62
Current: 138.45


ROCO:6739's Interest Coverage is ranked better than
76.49% of 621 companies
in the Semiconductors industry
Industry Median: 20.85 vs ROCO:6739: 138.45

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


Grade Upon Technology Interest Coverage Historical Data

The historical data trend for Grade Upon 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.

Grade Upon Technology Interest Coverage Chart

Grade Upon Technology Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - 21.84 36.11 76.30 138.45

Grade Upon Technology Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.10 - 170.85 86.32 386.37

Competitive Comparison of Grade Upon Technology's Interest Coverage

For the Semiconductors subindustry, Grade Upon 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.


Grade Upon Technology's Interest Coverage Distribution in the Semiconductors Industry

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

* The bar in red indicates where Grade Upon Technology's Interest Coverage falls into.



Grade Upon 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.

Grade Upon 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, Grade Upon Technology's Interest Expense was NT$-0.5 Mil. Its Operating Income was NT$71.7 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$35.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*71.716/-0.518
=138.45

Grade Upon Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Grade Upon Technology's Interest Expense was NT$-0.1 Mil. Its Operating Income was NT$34.8 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$35.3 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*34.773/-0.09
=386.37

* 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.


Grade Upon Technology  (ROCO:6739) 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 .


Grade Upon Technology Interest Coverage Related Terms

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


Grade Upon Technology (ROCO:6739) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Baotai 6th Road, Hsinchu County, Zhubei, TWN, 30244
Grade Upon Technology Corp is specializing in R&D and design for industrial process equipment and monitoring equipment as the core technology of its IC Design. Its products include IoT fast platform, LG16 / LG216 Liquid flow sensor / Flowmeter, SLQ-HC60 flow meter, ASL-1600 Liquid Flow Meter, MSD online system among others.

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