Gentex (Gentex) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Gentex 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. Gentex's Operating Income for the three months ended in Dec. 2023 was $133 Mil. Gentex's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Gentex has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Gentex Corp has no debt.

(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 Gentex's Interest Coverage or its related term are showing as below:

GNTX' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

GNTX's Interest Coverage is ranked better than
99.61% of 1031 companies
in the Vehicles & Parts industry
Industry Median: 7.77 vs GNTX: No Debt

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

Gentex Interest Coverage Historical Data

The historical data trend for Gentex'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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Gentex Interest Coverage Chart

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Gentex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gentex's Interest Coverage

For the Auto Parts subindustry, Gentex'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.

Gentex's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gentex's Interest Coverage distribution charts can be found below:

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

Gentex 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.

Gentex'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, Gentex's Interest Expense was $0 Mil. Its Operating Income was $496 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Gentex had no debt ⁽¹⁾.

Gentex's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Gentex's Interest Expense was $0 Mil. Its Operating Income was $133 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Gentex had no debt ⁽¹⁾.

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

Gentex (NAS:GNTX) 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 .

Gentex Interest Coverage Related Terms

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

Gentex (Gentex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (NAS:GNTX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GTX:Germany

Address

600 North Centennial Street, Zeeland, MI, USA, 49464

Website

https://www.gentex.com

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is based in Zeeland, Michigan.

Executives

Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Kathleen Starkoff	director	4304 SUNBURY ROAD, GALENA OH 43021-9318
Gary F Goode	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
James A Hollars	director	23880 MESSINA COURT, BONITA SPRINGS FL 34134
Richard O Schaum	director	388 WARREN COURT, BIRMINGHAM MI 48009
Neil Boehm	officer: Chief Technology Officer	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Scott P Ryan	officer: General Counsel	7592 KIRKWOOD TRAIL SE, ALTO MI 49302
Steven R Downing	officer: Chief Financial Officer	14814 CREEK EDGE DRIVE, HOLLAND MI 49424
James H Wallace	director	2625 WYNDBEND BLVD, POWELL OH 43065
John A Mulder	director	16680 LYONHURST CIRCLE, NORTHVILLE MI 48167
Ling Zang	director	6291 SHENANDOAH PARK AVE, SALT LAKE CITY UT 84121
Matthew Chiodo	officer: Vice President of Sales	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Kevin C Nash	officer: Chief Accounting Officer	2608 104TH AVENUE, ZEELAND MI 49464
Frederick A Sotok	director
Brian C Walker	director