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Msscorps Co (TPE:6830) Interest Coverage : 3.77 (As of Mar. 2024)


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What is Msscorps Co 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. Msscorps Co's Operating Income for the three months ended in Mar. 2024 was NT$20 Mil. Msscorps Co's Interest Expense for the three months ended in Mar. 2024 was NT$-5 Mil. Msscorps Co's interest coverage for the quarter that ended in Mar. 2024 was 3.77. The higher the ratio, the stronger the company's financial strength is.

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

TPE:6830' s Interest Coverage Range Over the Past 10 Years
Min: 15.01   Med: 26.7   Max: 33.81
Current: 17.57


TPE:6830's Interest Coverage is ranked worse than
51.83% of 627 companies
in the Semiconductors industry
Industry Median: 19.46 vs TPE:6830: 17.57

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


Msscorps Co Interest Coverage Historical Data

The historical data trend for Msscorps Co'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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Msscorps Co Interest Coverage Chart

Msscorps Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 15.01 28.59 33.81 31.48 21.53

Msscorps Co Quarterly Data
Dec18 Dec19 Jun20 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 14.55 27.58 28.56 16.29 3.77

Competitive Comparison of Msscorps Co's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Msscorps Co'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.


Msscorps Co's Interest Coverage Distribution in the Semiconductors Industry

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

* The bar in red indicates where Msscorps Co's Interest Coverage falls into.



Msscorps Co 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.

Msscorps Co'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, Msscorps Co's Interest Expense was NT$-16 Mil. Its Operating Income was NT$345 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$896 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*345.436/-16.045
=21.53

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

Here, for the three months ended in Mar. 2024, Msscorps Co's Interest Expense was NT$-5 Mil. Its Operating Income was NT$20 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,260 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*20.439/-5.421
=3.77

* 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.


Msscorps Co  (TPE:6830) 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 .


Msscorps Co Interest Coverage Related Terms

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


Msscorps Co (TPE:6830) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, 8th Floor, No.178, Section 2, Hsinchu, TWN, 300046
Msscorps Co Ltd engages in the test and analysis of electronic materials, electronics components manufacturing, wholesale of electronic materials, retail sale of electronic materials, international trade, and product designing. It provides semiconductor materials analysis, chemical engineering analysis, semiconductor devices failure analysis services, and other services.

Msscorps Co (TPE:6830) Headlines

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