What is Global-Tech Advanced Innovations 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. Global-Tech Advanced Innovations's
Operating Income
for the
six
months ended in Sep. 2015 was $-5.47 Mil. Global-Tech Advanced Innovations's Interest Expense for the
six
months ended in Sep. 2015 was $0.00 Mil.
Global-Tech Advanced Innovations 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 Global-Tech Advanced Innovations's Interest Coverage or its related term are showing as below:
GAI's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 19.975 * 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 Global-Tech Advanced Innovations's Interest Coverage
For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.
Global-Tech Advanced Innovations's Interest Coverage Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Global-Tech Advanced Innovations's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Global-Tech Advanced Innovations'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 .
Global-Tech Advanced Innovations Interest Coverage Related Terms
Thank you for viewing the detailed overview of Global-Tech Advanced Innovations's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description
Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.
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