Mobileye Global (Mobileye Global) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Mobileye Global 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. Mobileye Global's Operating Income for the three months ended in Mar. 2024 was $-238 Mil. Mobileye Global's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Mobileye Global has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Mobileye Global Inc has no debt.

(1) 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.

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

MBLY' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

MBLY's Interest Coverage is ranked better than
99.81% of 1038 companies
in the Vehicles & Parts industry
Industry Median: 7.75 vs MBLY: No Debt

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

Mobileye Global Interest Coverage Historical Data

The historical data trend for Mobileye Global'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.

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Mobileye Global Interest Coverage Chart

Mobileye Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

Mobileye Global Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Mobileye Global's Interest Coverage

For the Auto Parts subindustry, Mobileye Global'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.

Mobileye Global's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mobileye Global's Interest Coverage distribution charts can be found below:

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

Mobileye Global 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.

Mobileye Global'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, Mobileye Global's Interest Expense was $0 Mil. Its Operating Income was $-33 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Mobileye Global had no debt ⁽¹⁾.

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

Here, for the three months ended in Mar. 2024, Mobileye Global's Interest Expense was $0 Mil. Its Operating Income was $-238 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Mobileye Global had no debt ⁽¹⁾.

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

Mobileye Global (NAS:MBLY) 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 .

Mobileye Global Interest Coverage Related Terms

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

Mobileye Global (Mobileye Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mobileye Global Inc (NAS:MBLY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Mobileye B.V., P.O. Box 45157, Har Hotzvim, 13 Hartom Street, Jerusalem, ISR, 9777513

Website

https://www.mobileye.com

Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.

Executives

Claire C. Mccaskill	director	C/O MOBILEYE GLOBAL INC., HAR HOTZVIM, 13 HARTOM STREET, BOX 45157, JERUSALEM L3 97775
Patrick P Gelsinger	director	VMWARE, INC., 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Shai Shalev-shwartz	officer: Chief Technology Officer	C/O MOBILEYE GLOBAL INC., HAR HOTZVIM, 13 HARTOM STREET, BOX 45157, JERUSALEM L3 97775
Gavriel Hayon	officer: See Remarks	C/O MOBILEYE GLOBAL INC., HAR HOTZVIM, 13 HARTOM STREET, BOX 45157, JERUSALEM L3 97775
Amnon Shashua	director, officer: CEO and President	C/O MOBILEYE N.V., HAR HOTZVIM, 13 HARTOM STREET, NO. 45157, JERUSALEM L3 97775
Rojansky Moran Shemesh	officer: Acting Chief Financial Officer	C/O MOBILEYE B.V., HAR HOTZVIM,, 13 HARTOM STREET, P.O. BOX 45157,, JERUSALEM L3 9777513
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Nimrod Nehushtan	officer: SVP Bus Dev & Str & Co-Mgr REM	C/O MOBILEYE B.V., HAR HOTZVIM, 13 HARTOM STREET, JERUSALEM L3 9777513
Frank D Yeary	director	C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD., RN4-151, SANTA CLARA CA 95054
Safroadu Yeboah-amankwah	director	C/O MOBILEYE GLOBAL INC., HAR HOTZVIM, 13 HARTOM STREET, BOX 45157, JERUSALEM L3 97775
Christine M Pambianchi	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Eyal Desheh	director	C/O MOBILEYE GLOBAL INC., HAR HOTZVIM, 13 HARTOM STREET, BOX 45157, JERUSALEM L3 97775
General Atlantic Partners (lux), Scsp	10 percent owner	55 EAST 52ND STREET, FLOOR 33, NEW YORK NY 10055
General Atlantic (me), L.p.	10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY, LP, 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Huntsman Jon M Jr	director	500 HUNTSMAN WAY, SALT LAKE CITY UT 84108