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Sino-American Silicon Products (ROCO:5483) Interest Coverage : 16.92 (As of Mar. 2024)


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What is Sino-American Silicon Products 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. Sino-American Silicon Products's Operating Income for the three months ended in Mar. 2024 was NT$4,351 Mil. Sino-American Silicon Products's Interest Expense for the three months ended in Mar. 2024 was NT$-257 Mil. Sino-American Silicon Products's interest coverage for the quarter that ended in Mar. 2024 was 16.92. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sino-American Silicon Products's Interest Coverage or its related term are showing as below:

ROCO:5483' s Interest Coverage Range Over the Past 10 Years
Min: 0.24   Med: 38.34   Max: 140.83
Current: 21.85


ROCO:5483's Interest Coverage is ranked better than
51.8% of 612 companies
in the Semiconductors industry
Industry Median: 20.035 vs ROCO:5483: 21.85

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


Sino-American Silicon Products Interest Coverage Historical Data

The historical data trend for Sino-American Silicon Products'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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Sino-American Silicon Products Interest Coverage Chart

Sino-American Silicon Products Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.64 89.84 140.83 54.40 47.59

Sino-American Silicon Products Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 36.89 31.85 26.13 24.10 16.92

Competitive Comparison of Sino-American Silicon Products's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Sino-American Silicon Products'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.


Sino-American Silicon Products's Interest Coverage Distribution in the Semiconductors Industry

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

* The bar in red indicates where Sino-American Silicon Products's Interest Coverage falls into.



Sino-American Silicon Products 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.

Sino-American Silicon Products's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Sino-American Silicon Products's Interest Expense was NT$-534 Mil. Its Operating Income was NT$25,411 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$43,648 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*25411.407/-533.992
=47.59

Sino-American Silicon Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Sino-American Silicon Products's Interest Expense was NT$-257 Mil. Its Operating Income was NT$4,351 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$32,092 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*4350.77/-257.107
=16.92

* 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.


Sino-American Silicon Products  (ROCO:5483) 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 .


Sino-American Silicon Products Interest Coverage Related Terms

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Sino-American Silicon Products (ROCO:5483) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Industrial East Road 2, 4th Floor, Science Based Industrial Park, Hsinchu, TWN
Founded in 1981, Sino-American Silicon Products Inc., or SAS is a holding company specializing in the semiconductor industry. Its crown jewel is its 51% stake in silicon wafer producer GlobalWafers, which was carved out in 2011. GlobalWafers runs 17 production sites in nine countries across Asia, North America, and Europe. Other notable investments include Advanced Wireless Semiconductor Company, or AWSC, and Taiwan Specialty Materials. SAS started selling renewable energy to power grids in October 2022. SAS is headquartered in Hsinchu, Taiwan. SAS employs more than 8,000 people through its subsidiaries.

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