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Ampoc Far-East Co (TPE:2493) Interest Coverage : 6,350.74 (As of Mar. 2024)


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What is Ampoc Far-East Co 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. Ampoc Far-East Co's Operating Income for the three months ended in Mar. 2024 was NT$197 Mil. Ampoc Far-East Co's Interest Expense for the three months ended in Mar. 2024 was NT$-0 Mil. Ampoc Far-East Co's interest coverage for the quarter that ended in Mar. 2024 was 6,350.74. 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. Ampoc Far-East Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Ampoc Far-East Co's Interest Coverage or its related term are showing as below:

TPE:2493' s Interest Coverage Range Over the Past 10 Years
Min: 759.58   Med: 7049.06   Max: 140460.33
Current: 6198.27


TPE:2493's Interest Coverage is ranked better than
96.33% of 627 companies
in the Semiconductors industry
Industry Median: 19.46 vs TPE:2493: 6198.27

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


Ampoc Far-East Co Interest Coverage Historical Data

The historical data trend for Ampoc Far-East Co'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.

Ampoc Far-East Co Interest Coverage Chart

Ampoc Far-East Co 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 2,578.62 3,907.80 6,850.01 17,329.77 7,248.10

Ampoc Far-East Co 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 14,170.56 10,340.30 4,575.43 5,761.46 6,350.74

Competitive Comparison of Ampoc Far-East Co's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Ampoc Far-East Co'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.


Ampoc Far-East Co's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ampoc Far-East Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ampoc Far-East Co's Interest Coverage falls into.



Ampoc Far-East Co 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.

Ampoc Far-East Co'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, Ampoc Far-East Co's Interest Expense was NT$-0 Mil. Its Operating Income was NT$848 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$155 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*848.028/-0.117
=7,248.10

Ampoc Far-East Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Ampoc Far-East Co's Interest Expense was NT$-0 Mil. Its Operating Income was NT$197 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$118 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*196.873/-0.031
=6,350.74

* 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.


Ampoc Far-East Co  (TPE:2493) 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 .


Ampoc Far-East Co Interest Coverage Related Terms

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Ampoc Far-East Co (TPE:2493) Business Description

Traded in Other Exchanges
N/A
Address
17th floor Number 171, Sung-Teh Road, Taipei, TWN
Ampoc Far-East Co Ltd manufactures and markets Equipments, Instruments & Materials to PCB, LCD, IC, FAB and IC Packaging Industries. The Company derives revenue from the manufacture and sales of machinery and equipment as well as the agency and sales of electronic and chemical related products. Its product portfolio includes semiconductors, IC packaging, PCB's, flat panel display and MEMS, IC wafer semiconductor process application.

Ampoc Far-East Co (TPE:2493) Headlines

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