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Nuvoton Technology (TPE:4919) Interest Coverage : 45.46 (As of Mar. 2024)


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What is Nuvoton 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. Nuvoton Technology's Operating Income for the three months ended in Mar. 2024 was NT$460 Mil. Nuvoton Technology's Interest Expense for the three months ended in Mar. 2024 was NT$-10 Mil. Nuvoton Technology's interest coverage for the quarter that ended in Mar. 2024 was 45.46. The higher the ratio, the stronger the company's financial strength is.

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

TPE:4919' s Interest Coverage Range Over the Past 10 Years
Min: 4.62   Med: 244.46   Max: No Debt
Current: 38.1


TPE:4919's Interest Coverage is ranked better than
62.38% of 614 companies
in the Semiconductors industry
Industry Median: 20.035 vs TPE:4919: 38.10

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


Nuvoton Technology Interest Coverage Historical Data

The historical data trend for Nuvoton 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.

Nuvoton Technology Interest Coverage Chart

Nuvoton Technology 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 41.08 4.62 48.40 127.11 37.14

Nuvoton Technology 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 41.45 37.26 45.92 22.08 45.46

Competitive Comparison of Nuvoton Technology's Interest Coverage

For the Semiconductors subindustry, Nuvoton 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.


Nuvoton Technology's Interest Coverage Distribution in the Semiconductors Industry

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

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



Nuvoton 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.

Nuvoton 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, Nuvoton Technology's Interest Expense was NT$-46 Mil. Its Operating Income was NT$1,700 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,242 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1699.682/-45.759
=37.14

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

Here, for the three months ended in Mar. 2024, Nuvoton Technology's Interest Expense was NT$-10 Mil. Its Operating Income was NT$460 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,141 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*460.078/-10.121
=45.46

* 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.


Nuvoton Technology  (TPE:4919) 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 .


Nuvoton Technology Interest Coverage Related Terms

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


Nuvoton Technology (TPE:4919) Business Description

Traded in Other Exchanges
N/A
Address
No. 4, Creation Road III, Hsinchu Science Park, Hsinchu, TWN, 300
Nuvoton Technology Corp focuses on the research and development, design, and sales of integrated circuits and wafers. It operates in two segments: General IC products and Foundry service. The company's product lines consist of Consumer Electronics Integrated Circuits (IC) and Computer IC. It also offers microcontrollers, microprocessors, audio, computer, and cloud computing IC applications. The vast majority of its revenue comes from the General IC segment.

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