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Vishay Intertechnology (Vishay Intertechnology) Interest Coverage : 12.06 (As of Dec. 2023)


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What is Vishay Intertechnology 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. Vishay Intertechnology's Operating Income for the three months ended in Dec. 2023 was $78 Mil. Vishay Intertechnology's Interest Expense for the three months ended in Dec. 2023 was $-6 Mil. Vishay Intertechnology's interest coverage for the quarter that ended in Dec. 2023 was 12.06. The higher the ratio, the stronger the company's financial strength is.

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

VSH' s Interest Coverage Range Over the Past 10 Years
Min: 6.67   Med: 10.63   Max: 35.93
Current: 19.34


VSH's Interest Coverage is ranked worse than
50.48% of 624 companies
in the Semiconductors industry
Industry Median: 19.975 vs VSH: 19.34

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


Vishay Intertechnology Interest Coverage Historical Data

The historical data trend for Vishay Intertechnology'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.

Vishay Intertechnology Interest Coverage Chart

Vishay Intertechnology 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 8.51 6.67 26.67 35.93 19.34

Vishay Intertechnology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 30.14 30.97 21.02 16.10 12.06

Competitive Comparison of Vishay Intertechnology's Interest Coverage

For the Semiconductors subindustry, Vishay Intertechnology'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.


Vishay Intertechnology's Interest Coverage Distribution in the Semiconductors Industry

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

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



Vishay Intertechnology 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.

Vishay Intertechnology'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, Vishay Intertechnology's Interest Expense was $-25 Mil. Its Operating Income was $486 Mil. And its Long-Term Debt & Capital Lease Obligation was $921 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*486.144/-25.131
=19.34

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

Here, for the three months ended in Dec. 2023, Vishay Intertechnology's Interest Expense was $-6 Mil. Its Operating Income was $78 Mil. And its Long-Term Debt & Capital Lease Obligation was $921 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*77.83/-6.454
=12.06

* 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.


Vishay Intertechnology  (NYSE:VSH) 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 .


Vishay Intertechnology Interest Coverage Related Terms

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


Vishay Intertechnology (Vishay Intertechnology) Business Description

Traded in Other Exchanges
Address
63 Lancaster Avenue, Malvern, PA, USA, 19355-2143
Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer worldwide. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.
Executives
Marc Zandman director, officer: ExecChairman & Chief Bus Dev C/O VISHAY INTERTECHNOLOGY, INC., 63 LINCOLN HIGHWAY, MALVERN PA 19355
Abraham Ludomirski director SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355
Joel Smejkal director, officer: President and CEO 63 LANCASTER AVE, MALVERN PA 19355
Roy Shoshani officer: EVP & Chief Technical Officer 63 LANCASTER AVE, MALVERN PA 19355
Peter Henrici officer: EVP - Corporate Development 63 LANCASTER AVE, MALVERN PA 19355
Lori Lipcaman officer: EVP & Chief Financial Officer C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVENUE, MALVERN PA 19355
Jeffrey Allen Webster officer: EVP & Chief Operating Officer 63 LANCASTER AVE, MALVERN PA 19355
Andreas Randebrock officer: EVP - Global Human Resources 63 LANCASTER AVE, MALVERN PA 19355
Gerald Paul director, officer: President and CEO
Raanan Zilberman director 63 LANCASTER AVE, MALVERN PA 19355
Michiko Kurahashi director 63 LANCASTER AVE, MALVERN PA 19355
Renee B Booth director C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355
Ziv Shoshani director, officer: Exec. VP and COO C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355
Ruta Zandman director
Michael J Cody director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748