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Sigma Designs (Sigma Designs) Interest Coverage : 0 (At Loss) (As of Jan. 2018)


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What is Sigma Designs 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. Sigma Designs's Operating Income for the three months ended in Jan. 2018 was $-25.45 Mil. Sigma Designs's Interest Expense for the three months ended in Jan. 2018 was $-1.39 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 Sigma Designs's Interest Coverage or its related term are showing as below:


SIGM's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.52
* 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.


Sigma Designs Interest Coverage Historical Data

The historical data trend for Sigma Designs'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.

Sigma Designs Interest Coverage Chart

Sigma Designs Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt -

Sigma Designs Quarterly Data
Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18
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 -

Competitive Comparison of Sigma Designs's Interest Coverage

For the Semiconductors subindustry, Sigma Designs'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.


Sigma Designs's Interest Coverage Distribution in the Semiconductors Industry

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

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



Sigma Designs 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.

Sigma Designs's Interest Coverage for the fiscal year that ended in Jan. 2018 is calculated as

Here, for the fiscal year that ended in Jan. 2018, Sigma Designs's Interest Expense was $-2.47 Mil. Its Operating Income was $-57.67 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Sigma Designs did not have earnings to cover the interest expense.

Sigma Designs's Interest Coverage for the quarter that ended in Jan. 2018 is calculated as

Here, for the three months ended in Jan. 2018, Sigma Designs's Interest Expense was $-1.39 Mil. Its Operating Income was $-25.45 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Sigma Designs 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.


Sigma Designs  (OTCPK:SIGM) 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 .


Sigma Designs Interest Coverage Related Terms

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


Sigma Designs (Sigma Designs) Business Description

Traded in Other Exchanges
N/A
Address
47467 Fremont Boulevard, Fremont, CA, USA, 94538
Sigma Designs Incorporated is a global integrated semiconductor solutions provider offering media platforms for use in the home entertainment and home control markets. Semiconductors are manufactured and developed by Sigma Designs for end-product manufacturers, original equipment manufacturers, and original design manufacturers. Revenue for the semiconductor company is also derived from technology licenses, software development kits, engineering support services, and engineering development. Target markets for Sigma Designs include Smart TV, Media Connectivity, Set-Top Box, and Internet of Things Devices. Products are offered worldwide through multiple channels, including direct sales force, manufacturer representative, and independent distributors.
Executives
George Soros 10 percent owner C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Soros Fund Management Llc 10 percent owner 250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Robert Soros 10 percent owner C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 38, NEW YORK NY 10019
Saleel Awsare director C/O SIGMA DESIGN, INC., 47467 FREMONT BLVD., FREMONT CA 94538
Pete Thompson director 1778 MCCARTHY BLVD, MILPITAS CA 95035
J Michael Dodson director 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Elias Nader officer: Chief Financial Officer 1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Tor Braham director C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Mark J Bonney director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
Eric Singer director 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
Patrick Little director 2100 LOGIC DRIVE SAN JOSE CA 95124
Maury Austin director 955 EAST ARQUES AVENUE, SUNNYVALE CA 94085-4521