Viasystems Group (FRA:VY7) Interest Coverage : 0.48 (As of Mar. 2015)

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What is Viasystems Group 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. Viasystems Group's Operating Income for the three months ended in Mar. 2015 was €5.2 Mil. Viasystems Group's Interest Expense for the three months ended in Mar. 2015 was €-10.8 Mil. Viasystems Group's interest coverage for the quarter that ended in Mar. 2015 was 0.48. The higher the ratio, the stronger the company's financial strength is.

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

FRA:VY7' s Interest Coverage Range Over the Past 10 Years
Min: 0.04 Med: 1.59 Max: 9999.99
Current: 1.02

FRA:VY7's Interest Coverage is not ranked
in the Hardware industry.
Industry Median: 12.685 vs FRA:VY7: 1.02

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

Viasystems Group Interest Coverage Historical Data

The historical data trend for Viasystems 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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Viasystems Group Interest Coverage Chart

Viasystems Group Annual Data

Trend

Dec00

Dec01

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Coverage

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2.15

2.45

0.46

0.56

1.03

Viasystems Group Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Interest Coverage	Get a 7-Day Free Trial															0.49	0.81	-	2.86	0.48

Competitive Comparison of Viasystems Group's Interest Coverage

For the Electronic Components subindustry, Viasystems 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.

Viasystems Group's Interest Coverage Distribution in the Hardware Industry

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

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

Viasystems 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.

Viasystems Group'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, Viasystems Group's Interest Expense was €-38.4 Mil. Its Operating Income was €39.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €497.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2014 )	/	Interest Expense (A: Dec. 2014 )
	=	-1	*	39.463	/	-38.388
	=	1.03

Viasystems Group's Interest Coverage for the quarter that ended in Mar. 2015 is calculated as

Here, for the three months ended in Mar. 2015, Viasystems Group's Interest Expense was €-10.8 Mil. Its Operating Income was €5.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €565.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2015 )	/	Interest Expense (Q: Mar. 2015 )
	=	-1	*	5.189	/	-10.848
	=	0.48

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

Viasystems Group (FRA:VY7) 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 .

Viasystems Group Interest Coverage Related Terms

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

Viasystems Group (FRA:VY7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viasystems Group Inc (FRA:VY7) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.viasystems.com

Viasystems Group Inc is a Delaware Corporation formed in August 28, 1996. The Company is a provider of complex multi-layer printed circuit boards (PCBs) and electromechanical solutions (E-M Solutions). Its segment includes Printed Circuit Boards, which includesÂ PCB products; and Assembly, which includesÂ E-M Solutions products and services. Printed circuit boards serve as the electronic backbone of all electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into finished or semi-finished electronic equipment, which include custom and standard metal enclosures, metal cabinets, metal racks and sub-racks, backplanes, cable assemblies and busbars. Printed Circuit Boards serve all electronic equipment, providing the circuitry and mounting surfaces necessary to interconnect discrete electronic components, such as integrated circuits, capacitors and resistors. Electro-Mechanical Solutions include a products and services, mainly including assembly of backplanes, custom and standard metal enclosures, racks and sub-racks, cabinets, systems integration and assembly, final product testing and fulfillment. The Company's primary direct competitors are Compeq Manufacturing Co. Ltd., Flextronics Corporation, Gold Circuit Electronics Ltd., Kingboard Chemical Holdings Ltd., Nanya Technology Corp., Sanmina-SCI Corp. and TTM Technologies, Inc. It marketsÂ itsÂ products throughÂ itsÂ own sales and marketing organization and through relationships with independent sales agents around the world. Its sells its products to various end markets including Automotive, Industrial & instrumentation, Telecommunications, Computer and datacommunications, and Military and aerospace.

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