Kulicke & Soffa Industries (Kulicke & Soffa Industries) Interest Coverage

: 76.95 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

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. Kulicke & Soffa Industries's Operating Income for the three months ended in Dec. 2023 was $1.7 Mil. Kulicke & Soffa Industries's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Kulicke & Soffa Industries's interest coverage for the quarter that ended in Dec. 2023 was 76.95. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kulicke & Soffa Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Kulicke & Soffa Industries's Interest Coverage or its related term are showing as below:

KLIC' s Interest Coverage Range Over the Past 10 Years
Min: 10.52 Med: 106.75 Max: 2266.43
Current: 391.1

KLIC's Interest Coverage is ranked better than
86.75% of 619 companies
in the Semiconductors industry
Industry Median: 19.52 vs KLIC: 391.10

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

Kulicke & Soffa Industries Interest Coverage Historical Data

The historical data trend for Kulicke & Soffa Industries'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.

Kulicke & Soffa Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

10.52

34.10

1,891.96

2,266.43

429.38

Kulicke & Soffa Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																347.71	394.66	340.94	749.00	76.95

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.

Kulicke & Soffa Industries Interest Coverage Distribution

For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kulicke & Soffa Industries's Interest Coverage falls into.

Kulicke & Soffa Industries 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.

Kulicke & Soffa Industries's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Kulicke & Soffa Industries's Interest Expense was $-0.1 Mil. Its Operating Income was $61.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $41.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	60.972	/	-0.142
	=	429.38

Kulicke & Soffa Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Kulicke & Soffa Industries's Interest Expense was $-0.0 Mil. Its Operating Income was $1.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $41.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.693	/	-0.022
	=	76.95

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

Kulicke & Soffa Industries (NAS:KLIC) 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 .

Kulicke & Soffa Industries Interest Coverage Related Terms

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

Kulicke & Soffa Industries (Kulicke & Soffa Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kulicke & Soffa Industries Inc (NAS:KLIC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KU1:Germany

Address

1005 Virginia Drive, Fort Washington, Philadelphia, PA, USA, 19034

Website

https://www.kns.com

Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company has four reportable segments which includes Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services. Its Ball Bonding Equipment segment which generates the majority of the revenue for the company includes results of the company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment. The majority of its customers are located in the Asia-pacific region.

Executives

Lester A Wong	officer: Senior Vice President	23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Nelson Munpun Wong	officer: Vice President	23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Stephen Ray Drake	officer: Vice President	23A SERANGOON NORTH AVENUE 5 #01-01, SINGAPORE U0 554369
Fusen Ernie Chen	director	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Robert Nestor Chylak	officer: Vice President	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Denise Dignam	director	C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801
Chan Pin Chong	officer: Senior Vice President	23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Chin Hu Lim	director	23A, SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Zamir Shai Soloveizik	officer: Vice President	23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Jon A Olson	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Gregory F Milzcik	director	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
David Jeffrey Richardson	director	LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Kong Peter T M	director	KULICKE AND SOFFA INDUSTRIES INC., 1005 VIRGINIA DRIVE, FT. WASHINGTON PA 19034
Brian R Bachman	director	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Thiam Hong Lim	officer: Vice President	23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369