GT Advanced Technologies (GT Advanced Technologies) Interest Coverage : 0 (At Loss) (As of Jun. 2014)

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What is GT Advanced Technologies 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. GT Advanced Technologies's Operating Income for the three months ended in Jun. 2014 was $-81.7 Mil. GT Advanced Technologies's Interest Expense for the three months ended in Jun. 2014 was $-10.6 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 GT Advanced Technologies's Interest Coverage or its related term are showing as below:

GTAT's Interest Coverage is not ranked ^*
in the Semiconductors industry.
Industry Median: 20.13
* 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.

GT Advanced Technologies Interest Coverage Historical Data

The historical data trend for GT Advanced Technologies'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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GT Advanced Technologies Interest Coverage Chart

GT Advanced Technologies Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Dec13

Interest Coverage

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54.83

104.09

94.27

21.95

GT Advanced Technologies Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Interest Coverage	Get a 7-Day Free Trial															2.58	-	-	-	-

Competitive Comparison of GT Advanced Technologies's Interest Coverage

For the Semiconductors subindustry, GT Advanced Technologies'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.

GT Advanced Technologies's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GT Advanced Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GT Advanced Technologies's Interest Coverage falls into.

GT Advanced Technologies 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.

GT Advanced Technologies's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, GT Advanced Technologies's Interest Expense was $-31.8 Mil. Its Operating Income was $-85.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $283.9 Mil.

GT Advanced Technologies did not have earnings to cover the interest expense.

GT Advanced Technologies's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Here, for the three months ended in Jun. 2014, GT Advanced Technologies's Interest Expense was $-10.6 Mil. Its Operating Income was $-81.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $294.2 Mil.

GT Advanced Technologies did not have earnings to cover the interest expense.

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

GT Advanced Technologies (OTCPK:GTAT) 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 .

GT Advanced Technologies Interest Coverage Related Terms

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

GT Advanced Technologies (GT Advanced Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GT Advanced Technologies Inc (OTCPK:GTAT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

243 Daniel Webster Highway, Merrimack, NH, USA, 03054

Website

http://www.gtat.com

GT Advanced Technologies Inc is a diversified technology company producing advanced materials and equipment for the global consumer electronics, power electronics, solar and LED industries. It operates the company as one business unit comprised of three business segments, sapphire business, polysilicon business and photovoltaic, or PV, business. the company's principal products include Polysilicon Technologies and Equipment, Silicon Crystal Growth Equipment, Sapphire Crystal Growth Equipment, Advanced Sapphire Material, Silicon Carbide Crystal Growth Equipment. The company generates the majority of its revenue from polysilicon business.

Executives

Ray John J. Iii	director	C/O GREYLOCK PARTNERS, LLC, 780 FIFTH AVENUE, NAPLES FL 34102
Richard E Newsted	director	C/O GT ADVANCED TECHNOLOGIES INC, 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054
Thomas Gutierrez	director, officer: President and CEO	C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Matthew E Massengill	director	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Noel G Watson	director	C/O JACOBS ENGINEERING GROUP INC, 1111 S ARROYO PKWY, PASADENA CA 91105
John Michal Conaway	director	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
Kathleen A Cote	director	12061 BLUEMONT WAY, RESTON VA 20190
Thomas Jr Wroe	director
Robert E Switz	director	13625 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344
Fmr Llc	other: Edward C. Johnson 3d	245 SUMMER STREET, BOSTON MA 02210
John Granara	officer: VP Finance, Controller, CAO	A123 SYSTEMS INC. ARSENAL ON THE CHARLES, 321 ARSENAL STREET, WATERTOWN MA 02472
Mary L Petrovich	director
David C Gray	officer: Chief Strategy/New Bus.Officer	C/O GT SOLAR INTERNATIONAL, INC., 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054
Cheryl A Diuguid	officer: VP, GM, Sapphire Materials/Eq.	C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Fusen Ernie Chen	director	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034