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Silicon Laboratories (Silicon Laboratories) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Silicon Laboratories 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. Silicon Laboratories's Operating Income for the three months ended in Mar. 2024 was $-59.1 Mil. Silicon Laboratories's Interest Expense for the three months ended in Mar. 2024 was $-0.5 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 Silicon Laboratories's Interest Coverage or its related term are showing as below:


SLAB's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.19
* 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.


Silicon Laboratories Interest Coverage Historical Data

The historical data trend for Silicon Laboratories'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.

Silicon Laboratories Interest Coverage Chart

Silicon Laboratories Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 17.74 -

Silicon Laboratories Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only 11.82 10.76 8.99 - -

Competitive Comparison of Silicon Laboratories's Interest Coverage

For the Semiconductors subindustry, Silicon Laboratories'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.


Silicon Laboratories's Interest Coverage Distribution in the Semiconductors Industry

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

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



Silicon Laboratories 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.

Silicon Laboratories'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, Silicon Laboratories's Interest Expense was $-5.6 Mil. Its Operating Income was $-24.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.8 Mil.

Silicon Laboratories did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Silicon Laboratories's Interest Expense was $-0.5 Mil. Its Operating Income was $-59.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Silicon Laboratories 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.


Silicon Laboratories  (NAS:SLAB) 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 .


Silicon Laboratories Interest Coverage Related Terms

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


Silicon Laboratories (Silicon Laboratories) Business Description

Traded in Other Exchanges
Address
400 West Cesar Chavez, Austin, TX, USA, 78701
Silicon Laboratories Inc develops semiconductors, software, and system solutions for the "Internet of Things," Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, mixed-signal analog intensive products, consisting of diverse product areas, which the company groups into four categories: Internet of Things, broadcast, infrastructure and access. The Internet of Things category is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, China, Taiwan, and the Rest of world.
Executives
Robert Matthew Johnson officer: SR VP & GM, IOT 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Christy Wyatt director C/O QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Nina Richardson director C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William G Bock director, officer: President 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Robert J Conrad director 400 W CESAR CHAVEZ, AUSTIN TX 78701
Brandon Tolany officer: Sr VP of Worldwide Sales 400 WEST CESAR CHAVEZ STREET, AUSTIN TX 78701
Sherri R Luther director 111 SW FIFTH AVE SUITE 700, PORTLAND OR 97204
Navdeep S Sooch director 400 W CESAR CHAVEZ, AUSTIN TX 78701
Jack R Lazar director 400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701
Sumit Sadana director 47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Mark D Mauldin officer: CHIEF ACCOUNTING OFFICER 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Daniel Mark Thompson officer: SR VP & GM, INFRA & Automotive 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
John C Hollister officer: Sr VP and CFO 400 W CESAR CHAVEZ, AUSTIN TX 78701
George Tyson Tuttle director, officer: CEO 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Sandeep P Kumar officer: SVP, Worldwide Operations 400 W CESAR CHAVEZ, AUSTIN TX 78701