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Zen Voce (ROCO:3581) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Zen Voce 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. Zen Voce's Operating Income for the three months ended in Mar. 2024 was NT$-1 Mil. Zen Voce's Interest Expense for the three months ended in Mar. 2024 was NT$-3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

ROCO:3581' s Interest Coverage Range Over the Past 10 Years
Min: 3.97   Med: 18.45   Max: 76.31
Current: 3.97


ROCO:3581's Interest Coverage is ranked worse than
78.7% of 629 companies
in the Semiconductors industry
Industry Median: 19.83 vs ROCO:3581: 3.97

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


Zen Voce Interest Coverage Historical Data

The historical data trend for Zen Voce'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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Zen Voce Interest Coverage Chart

Zen Voce 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 12.20 18.79 19.64 18.10 6.37

Zen Voce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.31 2.09 10.49 3.48 -

Competitive Comparison of Zen Voce's Interest Coverage

For the Semiconductors subindustry, Zen Voce'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.


Zen Voce's Interest Coverage Distribution in the Semiconductors Industry

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

* The bar in red indicates where Zen Voce's Interest Coverage falls into.



Zen Voce 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.

Zen Voce'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, Zen Voce's Interest Expense was NT$-11 Mil. Its Operating Income was NT$67 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$26 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*67.354/-10.572
=6.37

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

Here, for the three months ended in Mar. 2024, Zen Voce's Interest Expense was NT$-3 Mil. Its Operating Income was NT$-1 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$20 Mil.

Zen Voce did not have earnings to cover the 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.

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


Zen Voce  (ROCO:3581) 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 .


Zen Voce Interest Coverage Related Terms

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


Zen Voce (ROCO:3581) Business Description

Traded in Other Exchanges
N/A
Address
No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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