congatec Holding AG (congatec Holding AG) Interest Coverage : 239.50 (As of Jun. 2015)

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What is congatec Holding AG 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. congatec Holding AG's Operating Income for the six months ended in Jun. 2015 was $2.87 Mil. congatec Holding AG's Interest Expense for the six months ended in Jun. 2015 was $-0.01 Mil. congatec Holding AG's interest coverage for the quarter that ended in Jun. 2015 was 239.50. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for congatec Holding AG's Interest Coverage or its related term are showing as below:

CONG' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: 198.38
Current: 198.38

CONG's Interest Coverage is not ranked
in the Semiconductors industry.
Industry Median: 20.035 vs CONG: 198.38

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

congatec Holding AG Interest Coverage Historical Data

The historical data trend for congatec Holding AG'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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congatec Holding AG Interest Coverage Chart

congatec Holding AG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Interest Coverage

No Debt

24.26

108.53

120.18

congatec Holding AG Semi-Annual Data
	Dec12	Dec13	Jun14	Dec14	Jun15
Interest Coverage	No Debt	No Debt	80.38	169.35	239.50

Competitive Comparison of congatec Holding AG's Interest Coverage

For the Semiconductors subindustry, congatec Holding AG'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.

congatec Holding AG's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, congatec Holding AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where congatec Holding AG's Interest Coverage falls into.

congatec Holding AG 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.

congatec Holding AG's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, congatec Holding AG's Interest Expense was $-0.04 Mil. Its Operating Income was $4.57 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2014 )	/	Interest Expense (A: Dec. 2014 )
	=	-1	*	4.567	/	-0.038
	=	120.18

congatec Holding AG's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Here, for the six months ended in Jun. 2015, congatec Holding AG's Interest Expense was $-0.01 Mil. Its Operating Income was $2.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2015 )	/	Interest Expense (Q: Jun. 2015 )
	=	-1	*	2.874	/	-0.012
	=	239.50

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

congatec Holding AG (NAS:CONG) 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 .

congatec Holding AG Interest Coverage Related Terms

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congatec Holding AG (congatec Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » congatec Holding AG (NAS:CONG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.congatec.com

congatec Holding AG was formed on June 30, 2015 and registered in the commercial register of the local court of Munich. The Company supplies industrial computer modules. The Company through its subsidiaries is engaged in the design, development and delivery of high-performance embedded computing solutions that enable computing capabilities across system-level applications and end markets, including industrial automation, medical, entertainment, transportation and test and measurement. The Company's hardware solutions are overlaid with Basic Input Output System, or BIOS, software that tailors its solutions to specific end-market, application and customer requirements, while delivering benefits such as enhanced data throughput and system security as well as seamless integration within its customers' products. The Company provides COM portfolios across a range of form factors, or module sizes and shapes, including its COM Express, Qseven, XTX and ETX product families. The Company distinguishes its recently launched industrial single board computer, or Industrial SBC, product family as well as embedded design and manufacturing, or EDM, services, which provide customers with customized module solutions. The Company offers services ranging from procurement assistance to process management and support integrating modules into their end products. The Company operates in three geographical areas including Europe, the Middle East and Africa (EMEA); the Asia-Pacific region (APAC); and Americas. The Company sells its products through different channels, accompanied by necessary technical support resources provided from the nearest location. In the EMEA region, it relies on a mix of direct and indirect sales channels. In the Americas region, it focuses on direct business through employed sales and support staff, while in the APAC region it is engaged in distribution, reselling and end customers. In addition, it is engaged with external sales representatives dedicated to additional territories in Europe, Brazil and India. The Company has approximately over 400 customers in a variety of industries, including its industrial customers such as Bernecker + Rainer, or B&R, Bosch and Siemens, as well as its medical customers such as General Electric and Samsung. The Company faces competition from third-party competitors, including ADLink, Advantech, Kontron, MSC Technologies, Portwell, SECO and Technexion. The Company's operations and the activities around the world are subject to the laws and regulations of numerous countries, including the United States.

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