Vishay Precision Group (Vishay Precision Group) Interest Coverage

: 15.86 (As of Dec. 2023)

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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. Vishay Precision Group's Operating Income for the three months ended in Dec. 2023 was $12.4 Mil. Vishay Precision Group's Interest Expense for the three months ended in Dec. 2023 was $-0.8 Mil. Vishay Precision Group's interest coverage for the quarter that ended in Dec. 2023 was 15.86. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vishay Precision Group's Interest Coverage or its related term are showing as below:

VPG' s Interest Coverage Range Over the Past 10 Years
Min: 9.71 Med: 17.92 Max: 24.28
Current: 10.97

VPG's Interest Coverage is ranked worse than
52.69% of 1598 companies
in the Hardware industry
Industry Median: 12.69 vs VPG: 10.97

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

Vishay Precision Group Interest Coverage Historical Data

The historical data trend for Vishay Precision Group'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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Vishay Precision Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

21.23

19.04

24.28

19.97

10.95

Vishay Precision Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																15.41	10.07	11.02	8.32	15.86

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Vishay Precision Group'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.

Vishay Precision Group Interest Coverage Distribution

For the Hardware industry and Technology sector, Vishay Precision Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vishay Precision Group's Interest Coverage falls into.

Vishay Precision Group 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.

Vishay Precision Group'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, Vishay Precision Group's Interest Expense was $-4.0 Mil. Its Operating Income was $43.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $54.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	43.514	/	-3.974
	=	10.95

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

Here, for the three months ended in Dec. 2023, Vishay Precision Group's Interest Expense was $-0.8 Mil. Its Operating Income was $12.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $54.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.357	/	-0.779
	=	15.86

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

Vishay Precision Group (NYSE:VPG) 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 .

Vishay Precision Group Interest Coverage Related Terms

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

Vishay Precision Group (Vishay Precision Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vishay Precision Group Inc (NYSE:VPG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Great Valley Parkway, Suite 150, Malvern, PA, USA, 19355

Website

https://www.vpgsensors.com

Vishay Precision Group Inc manufactures and markets sensors, and sensor-based measurement systems, as well as specialty resistors and strain gages based on proprietary technology. The company provides precision products and solutions, many of which are designed-in by customers, specializing in the growing markets of stress, force, weight, pressure, and current measurements. The company reports in three product segments: Sensors segment, Weighing Solutions segment, and Measurement Systems segment. It has a business presence in the United States and other countries. It generates majority revenue from United States.

Executives

Wes Cummins	director	4505 LORRAINE AVE, DALLAS TX 75205
William M Clancy	officer: Exec. VP/CFO	3 GREAT VALLEY PKWY, MALVERN PA 19355
Bruce A. Lerner	director	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Saul Reibstein	director	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Janet M Clarke	director	EXPRESSJET HOLDINGS, INC., 700 N SAM HOUSTON PRKWY W, SUITE 200, HOUSTON TX 77067
Marc Zandman	director	C/O VISHAY INTERTECHNOLOGY, INC., 63 LINCOLN HIGHWAY, MALVERN PA 19355
Timothy Talbert	director	3152 CASWELL DR, TROY MI 48084
Amir Tal	officer: SVP and CAO	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Sejal Shah Gulati	director	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Ziv Shoshani	director, officer: President & CEO	C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Cary B Wood	director	425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Roland B Desilets	officer: General Counsel & Secretary	3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Brett Hendrickson	10 percent owner	300 CRESCENT COURT, SUITE 1740, DALLAS TX 75201
Samuel Broydo	director	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355