SMART Global Holdings (SMART Global Holdings) Interest Coverage : 0.14 (As of Nov. 2023)

SMART Global Holdings Interest Coverage Chart

SMART Global Holdings Annual Data
	Trend	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Interest Coverage		Get a 7-Day Free Trial				4.17	2.76	0.97	4.46	1.56

SMART Global Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Coverage	Get a 7-Day Free Trial															2.18	2.10	0.74	1.04	0.14

Competitive Comparison of SMART Global Holdings's Interest Coverage

For the Semiconductors subindustry, SMART Global Holdings'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.

SMART Global Holdings's Interest Coverage Distribution in the Semiconductors Industry

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

* The bar in red indicates where SMART Global Holdings's Interest Coverage falls into.

SMART Global Holdings 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

SMART Global Holdings's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, SMART Global Holdings's Interest Expense was $-36 Mil. Its Operating Income was $57 Mil. And its Long-Term Debt & Capital Lease Obligation was $821 Mil.

SMART Global Holdings's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the three months ended in Nov. 2023, SMART Global Holdings's Interest Expense was $-10 Mil. Its Operating Income was $1 Mil. And its Long-Term Debt & Capital Lease Obligation was $813 Mil.

* 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.

SMART Global Holdings  (NAS:SGH) 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 .

SMART Global Holdings Interest Coverage Related Terms

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SMART Global Holdings (SMART Global Holdings) Business Description