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Applied Micro Circuits (Applied Micro Circuits) Interest Coverage : No Debt (1) (As of Sep. 2016)


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What is Applied Micro Circuits 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. Applied Micro Circuits's Operating Income for the three months ended in Sep. 2016 was $-4.7 Mil. Applied Micro Circuits's Interest Expense for the three months ended in Sep. 2016 was $0.0 Mil. Applied Micro Circuits has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Applied Micro Circuits's Interest Coverage or its related term are showing as below:


AMCC's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.41
* Ranked among companies with meaningful Interest Coverage only.

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


Applied Micro Circuits Interest Coverage Historical Data

The historical data trend for Applied Micro Circuits'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.

* Premium members only.

Applied Micro Circuits Interest Coverage Chart

Applied Micro Circuits Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Applied Micro Circuits Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 No Debt No Debt - No Debt No Debt

Competitive Comparison of Applied Micro Circuits's Interest Coverage

For the Semiconductors subindustry, Applied Micro Circuits'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.


Applied Micro Circuits's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Applied Micro Circuits's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Applied Micro Circuits's Interest Coverage falls into.



Applied Micro Circuits 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.

Applied Micro Circuits's Interest Coverage for the fiscal year that ended in Mar. 2016 is calculated as

Here, for the fiscal year that ended in Mar. 2016, Applied Micro Circuits's Interest Expense was $0.0 Mil. Its Operating Income was $-35.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Applied Micro Circuits had no debt (1).

Applied Micro Circuits's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Applied Micro Circuits's Interest Expense was $0.0 Mil. Its Operating Income was $-4.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Applied Micro Circuits had no debt (1).

* 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.


Applied Micro Circuits  (NAS:AMCC) 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 .


Applied Micro Circuits Interest Coverage Related Terms

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


Applied Micro Circuits (Applied Micro Circuits) Business Description

Traded in Other Exchanges
N/A
Address
Applied Micro Circuits Corp was incorporated and commenced operations in California in 1979 and was reincorporated in Delaware in 1987. The Company is engaged in providing silicon solutions for next-generation cloud infrastructure and data centers, as well as connectivity products for edge, metro and long haul communications equipment. Its products include the X-Gene ARM 64-bit Server on a Chip solution, or X-Gene. The X-Gene family of products targets existing and emerging hyperscale cloud, scientific and high-performance computing and enterprise applications. It also offers embedded computing products based on Power Architecture, sometimes referred to as PowerPC products. The Company's HeliX family of embedded products is based on the ARM Instruction Set Architecture. The Company's embedded processor products are deployed in applications such as control- and data-plane management, wireless access points, residential gateways, wireless base stations, storage controllers, network attached storage, network switches and routing products, and multi-function printers. The Company's connectivity portion provides high-speed, high-bandwidth, high-reliability communications products. Its connectivity products include devices for Optical Transport Network (OTN) equipment and physical layer (PHY) devices that transmit and receive signals in a very high speed serial format. Its embedded computing products are deployed in applications in markets such as control- and data-plane functionality, wireless access points, residential gateways, wireless base-stations, storage controllers, network attached storage, network switches and routing products, and multi-function printers. The Company holds approximately 348 issued patents which cover aspects of the design and architecture of its integrated circuit ("IC") and enterprise storage products. The Company's registered trademarks include AppliedMicro, AMCC, APM, X-Gene, Server on a Chip, Cloud Server, OTNsec, Arming the Cloud and Hard Silicon, among others. It is subject to a variety of federal, state and local governmental regulations related to the use, storage, discharge and disposal of toxic, volatile or otherwise hazardous chemicals that were used in its manufacturing process.
Executives
Duston Williams director C/O NUTANIX, INC., 1740 TECHNOLOGY DRIVE, SUITE 150, SAN JOSE CA 95110
Paul R Gray director 63 LA CUESTA ORINDA CA 94563
Martin S Mcdermut officer: Vice President and CFO C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Karen M Rogge officer: Interim CFO APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054
Shiva Kumar Natarajan officer: VP Corporate Controller 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Hk Desai director 26650 ALISO VIEJO PARKWAY, ALISO VIEJO CA 92656
Mark Wadlington officer: VP Worldwide Sales 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Donald A Colvin director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Julie Sullivan director 6290 SEQUENCE DRIVE SAN DIEGO CA 92121
Hooshmand Kambiz officer: President & CEO 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
David B Wright director C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Harvey White director
Johnson Franklin P Jr director
David Rickey director, officer: COB and CEO
Stephen M Smith officer: CFO