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Gigalane Co (XKRX:049080) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Gigalane Co 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. Gigalane Co's Operating Income for the three months ended in Mar. 2024 was ₩-2,081 Mil. Gigalane Co's Interest Expense for the three months ended in Mar. 2024 was ₩-163 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 Gigalane Co's Interest Coverage or its related term are showing as below:


XKRX:049080's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.035
* 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.


Gigalane Co Interest Coverage Historical Data

The historical data trend for Gigalane Co'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.

* Premium members only.

Gigalane Co Interest Coverage Chart

Gigalane Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.14 - -

Gigalane Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 - - - - -

Competitive Comparison of Gigalane Co's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Gigalane Co'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.


Gigalane Co's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Gigalane Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gigalane Co's Interest Coverage falls into.



Gigalane Co 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.

Gigalane Co'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, Gigalane Co's Interest Expense was ₩-573 Mil. Its Operating Income was ₩-11,774 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩495 Mil.

Gigalane Co did not have earnings to cover the interest expense.

Gigalane Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Gigalane Co's Interest Expense was ₩-163 Mil. Its Operating Income was ₩-2,081 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩353 Mil.

Gigalane Co did not have earnings to cover the interest expense.

* 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.


Gigalane Co  (XKRX:049080) 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 .


Gigalane Co Interest Coverage Related Terms

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


Gigalane Co (XKRX:049080) Business Description

Traded in Other Exchanges
N/A
Address
61, Dongtansandan 10-gil, Hwaseong-si,, Gyeonggi-do, Hwaseong, KOR, 445170
Gigalane Co Ltd manufactures and sells semiconductor equipment in South Korea and internationally. Its main products are DRIE Etcher, ICP Etcher, Saw filter Etcher, and Nono imprinter. Its products are used in LED, MEMS, Power devices. It operates through the RF division, semiconductor equipment manufacturing division, and semiconductor equipment trading division.

Gigalane Co (XKRX:049080) Headlines

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