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Advanced Wireless & Antenna (ROCO:6818) Interest Coverage : 6.43 (As of Dec. 2023)


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What is Advanced Wireless & Antenna 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. Advanced Wireless & Antenna's Operating Income for the six months ended in Dec. 2023 was NT$26.0 Mil. Advanced Wireless & Antenna's Interest Expense for the six months ended in Dec. 2023 was NT$-4.0 Mil. Advanced Wireless & Antenna's interest coverage for the quarter that ended in Dec. 2023 was 6.43. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Advanced Wireless & Antenna's Interest Coverage or its related term are showing as below:

ROCO:6818' s Interest Coverage Range Over the Past 10 Years
Min: 1.61   Med: 1.77   Max: 1.93
Current: 1.61


ROCO:6818's Interest Coverage is ranked worse than
90.81% of 1589 companies
in the Hardware industry
Industry Median: 12.78 vs ROCO:6818: 1.61

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


Advanced Wireless & Antenna Interest Coverage Historical Data

The historical data trend for Advanced Wireless & Antenna'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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Advanced Wireless & Antenna Interest Coverage Chart

Advanced Wireless & Antenna Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
- 1.93 - - 1.61

Advanced Wireless & Antenna Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 6.43

Competitive Comparison of Advanced Wireless & Antenna's Interest Coverage

For the Electronic Components subindustry, Advanced Wireless & Antenna'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.


Advanced Wireless & Antenna's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Advanced Wireless & Antenna's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Advanced Wireless & Antenna's Interest Coverage falls into.



Advanced Wireless & Antenna 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.

Advanced Wireless & Antenna'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, Advanced Wireless & Antenna's Interest Expense was NT$-7.7 Mil. Its Operating Income was NT$12.3 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$48.5 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*12.345/-7.687
=1.61

Advanced Wireless & Antenna's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Advanced Wireless & Antenna's Interest Expense was NT$-4.0 Mil. Its Operating Income was NT$26.0 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$48.5 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*25.978/-4.041
=6.43

* 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.


Advanced Wireless & Antenna  (ROCO:6818) 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 .


Advanced Wireless & Antenna Interest Coverage Related Terms

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Advanced Wireless & Antenna (ROCO:6818) Business Description

Traded in Other Exchanges
N/A
Address
Beixin Road., Xindian District, B2F, Number 207-1, Sec 3, New Taipei City, Taipei, TWN, 231
Advanced Wireless & Antenna Inc is engaged in designing and manufacturing the electronic components for IT, digital home appliances, and portable devices. Its products include V2X, IOT, IT and Networking.

Advanced Wireless & Antenna (ROCO:6818) Headlines

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