IPG Photonics (IPG Photonics) Interest Coverage

: N/A (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

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. IPG Photonics's Operating Income for the three months ended in Dec. 2023 was $29 Mil. IPG Photonics's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. IPG Photonics Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

IPGP's Interest Coverage is not ranked ^*
in the Semiconductors industry.
Industry Median: 20.44
* Ranked among companies with meaningful Interest Coverage only.

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

IPG Photonics Interest Coverage Historical Data

The historical data trend for IPG Photonics'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.

IPG Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

191.82

N/A

IPG Photonics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																N/A	N/A	N/A	N/A	N/A

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.

IPG Photonics Interest Coverage Distribution

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

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

IPG Photonics 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.

IPG Photonics'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, IPG Photonics's Interest Expense was $0 Mil. Its Operating Income was $232 Mil. And its Long-Term Debt & Capital Lease Obligation was $14 Mil.

GuruFocus does not calculate IPG Photonics's interest coverage with the available data.

IPG Photonics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, IPG Photonics's Interest Expense was $0 Mil. Its Operating Income was $29 Mil. And its Long-Term Debt & Capital Lease Obligation was $14 Mil.

GuruFocus does not calculate IPG Photonics's interest coverage with the available data.

The higher the ratio, the stronger the company's Financial Strength is.

IPG Photonics (NAS:IPGP) 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 .

IPG Photonics Interest Coverage Related Terms

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

IPG Photonics (IPG Photonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IPG Photonics Corp (NAS:IPGP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

IPF:Germany

Address

377 Simarano Drive, Marlborough, MA, USA, 01752

Website

https://www.ipgphotonics.com

IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.

Executives

Eric Meurice	director	% VERIGY LTD, 5301 STEVENS CREEK BLVD, SANTA CLARA CA 95051
Valentin Gapontsev Trust I	10 percent owner	50 OLD WEBSTER ROAD, OXFORD MA 01540
Tang Agnes	director	C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Kolleen T Kennedy	director	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Alexander Ovtchinnikov	officer: Vice President	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Jeanmarie F. Desmond	director	C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Eugene A Shcherbakov	director, officer: Managing Director of IPG Laser	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Gregory R Beecher	director	C/OTERADYNE INC, 600 RIVERPARK DRIVE, NORTH READING MA 01864
Timothy Pv Mammen	officer: Vice President & CFO	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Ip Fibre Devices Ltd	10 percent owner	660 MAIN STREET, STURBRIDGE MA 01566
Trevor Ness	officer: VP World-Wide Sales and Mktg.	C/O 50 OLD WEBSTER ROAD, OXFORD MA 01540
Igor Samartsev	director, officer: Acting GM of NTO IRE-Polus	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Angelo P Lopresti	officer: VP, Secretary & Gen Counsel	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Felix I Stukalin	officer: SVP, North America Operations
Natalia Pavlova	director	3 ORCHARD HILL ROAD, WESTBOROUGH MA 01581