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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. Analog Devices's Operating Income for the three months ended in Jul. 2024 was $504 Mil. Analog Devices's Interest Expense for the three months ended in Jul. 2024 was $-85 Mil. Analog Devices's interest coverage for the quarter that ended in Jul. 2024 was 5.91. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Analog Devices's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Analog Devices'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.
Analog Devices Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 7.89 | 8.02 | 9.61 | 17.73 | 15.05 |
Analog Devices Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Interest Coverage | Get a 7-Day Free Trial | 13.74 | 10.45 | 7.81 | 5.09 | 5.91 |
For the Semiconductors subindustry, Analog Devices'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.
For the Semiconductors industry and Technology sector, Analog Devices's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Analog Devices's Interest Coverage falls into.
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.
Analog Devices's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as
Here, for the fiscal year that ended in Oct. 2023, Analog Devices's Interest Expense was $-265 Mil. Its Operating Income was $3,984 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,902 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Oct. 2023 ) | / | Interest Expense (A: Oct. 2023 ) |
= | -1 | * | 3983.822 | / | -264.641 | |
= | 15.05 |
Analog Devices's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as
Here, for the three months ended in Jul. 2024, Analog Devices's Interest Expense was $-85 Mil. Its Operating Income was $504 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,656 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jul. 2024 ) | / | Interest Expense (Q: Jul. 2024 ) |
= | -1 | * | 503.601 | / | -85.179 | |
= | 5.91 |
* 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.
Analog Devices (NAS:ADI) 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 .
Thank you for viewing the detailed overview of Analog Devices's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Vincent Roche | officer: V.P., WORLDWIDE SALES | |
Edward H. Frank | director | C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121 |
Gregory M Bryant | officer: Executive Vice President | 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054 |
James Champy | director | C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075 |
Michael Sondel | officer: CAO (principal acct. officer) | ONE TECHNOLOGY WAY, NORWOOD MA 02062 |
Vivek Jain | officer: SVP, Global Operations | 120 SAN GABRIEL DRIVE, SUNNYVALE CA 94086 |
James Michael Mollica | officer: Interim CFO | C/O ANALOG DEVICES, INC., ONE ANALOG WAY, WILMINGTON MA 01887 |
Prashanth Mahendra-rajah | officer: SVP, Finance & CFO | C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855 |
Kenton J Sicchitano | director | ONE TECHNOLOGY WAY, C/O ANALOG DEVICES, INC., NORWOOD MA 02062 |
Stephen M Jennings | director | LTX CORPORATION, UNIVERSITY AVE, WESTWOOD MA 02090 |
Tunc Doluca | director | |
Ray Stata | director, officer: CHAIRMAN | |
Andre' Andonian | director | ONE ANALOG WAY, WILMINGTON MA 01887 |
Bruce R Evans | director | C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Mercedes Johnson | director | MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716 |
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