Snowflake (Snowflake) Interest Coverage

: N/A (As of Jan. 2024)

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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. Snowflake's Operating Income for the three months ended in Jan. 2024 was $-276 Mil. Snowflake's Interest Expense for the three months ended in Jan. 2024 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. Snowflake Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

SNOW's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.44
* 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.

Snowflake Interest Coverage Historical Data

The historical data trend for Snowflake'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.

Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

N/A

Snowflake Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage																N/A	N/A	N/A	N/A	N/A

Competitive Comparison

For the Software - Application subindustry, Snowflake'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.

Snowflake Interest Coverage Distribution

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

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

Snowflake 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.

Snowflake's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, Snowflake's Interest Expense was $0 Mil. Its Operating Income was $-1,095 Mil. And its Long-Term Debt & Capital Lease Obligation was $254 Mil.

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

Snowflake's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Snowflake's Interest Expense was $0 Mil. Its Operating Income was $-276 Mil. And its Long-Term Debt & Capital Lease Obligation was $254 Mil.

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

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

Snowflake (NYSE:SNOW) 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 .

Snowflake Interest Coverage Related Terms

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

Snowflake (Snowflake) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (NYSE:SNOW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SNOW:Mexico 0A93:UK 5Q5:Germany 5Q5:Germany 5Q5:Germany 5Q5:Germany S2NW34:Brazil SNWF:Austria

Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

Executives

Christian Kleinerman	officer: SVP, Product Management	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Christopher William Degnan	officer: Chief Revenue Officer	450 CONCAR DRIVE, SAN MATEO CA 94402
Frank Slootman	director, 10 percent owner, officer: CEO and Chairman	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Grzegorz Czajkowski	officer: SVP, Engineering and Support	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Benoit Dageville	director, 10 percent owner, officer: President of Products	450 CONCAR DRIVE, SAN MATEO CA 94402
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Michael L Speiser	director, 10 percent owner	755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005
Michael Scarpelli	10 percent owner, officer: Chief Financial Officer	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Mark D Mclaughlin	director	C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
John Dennis Mcmahon	director	C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Stephen B Burke	director	41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023
Jeremy Burton	director	C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Mark Garrett	director	106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025