What is Electro Scientific Industries 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. Electro Scientific Industries's
Operating Income
for the
three
months ended in Dec. 2018 was $8.2 Mil. Electro Scientific Industries's Interest Expense for the
three
months ended in Dec. 2018 was $0.0 Mil.
GuruFocus does not calculate 's interest coverage with the available data.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Electro Scientific Industries's Interest Coverage or its related term are showing as below:
ESIO's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.19 * Ranked among companies with meaningful Interest Coverage only.
* 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.
Competitive Comparison of Electro Scientific Industries's Interest Coverage
For the Semiconductors subindustry, Electro Scientific Industries'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.
Electro Scientific Industries's Interest Coverage Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Electro Scientific Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Electro Scientific Industries'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:
* 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.
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 .
Electro Scientific Industries Interest Coverage Related Terms
Thank you for viewing the detailed overview of Electro Scientific Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Electro Scientific Industries (Electro Scientific Industries) Business Description
Electro Scientific Industries Inc is a manufacturer of electronic components. The company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products, and component products. The interconnect, semiconductor and component products are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device.
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