MKS Instruments (MKS Instruments) Interest Coverage : 1.22 (As of Dec. 2023)

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What is MKS Instruments 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. MKS Instruments's Operating Income for the three months ended in Dec. 2023 was $110 Mil. MKS Instruments's Interest Expense for the three months ended in Dec. 2023 was $-90 Mil. MKS Instruments's interest coverage for the quarter that ended in Dec. 2023 was 1.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MKS Instruments's Interest Coverage or its related term are showing as below:

MKSI' s Interest Coverage Range Over the Past 10 Years
Min: 1.08 Med: 14.9 Max: 1918.13
Current: 1.08

MKSI's Interest Coverage is ranked worse than
93.21% of 1606 companies
in the Hardware industry
Industry Median: 12.52 vs MKSI: 1.08

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

MKS Instruments Interest Coverage Historical Data

The historical data trend for MKS Instruments'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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MKS Instruments Interest Coverage Chart

MKS Instruments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

6.09

16.14

29.60

3.80

1.08

MKS Instruments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.07	0.09	1.67	1.29	1.22

Competitive Comparison of MKS Instruments's Interest Coverage

For the Scientific & Technical Instruments subindustry, MKS Instruments'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.

MKS Instruments's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MKS Instruments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MKS Instruments's Interest Coverage falls into.

MKS Instruments 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.

MKS Instruments'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, MKS Instruments's Interest Expense was $-356 Mil. Its Operating Income was $384 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,901 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	384	/	-356
	=	1.08

MKS Instruments's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, MKS Instruments's Interest Expense was $-90 Mil. Its Operating Income was $110 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,901 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110	/	-90
	=	1.22

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

MKS Instruments (NAS:MKSI) 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 .

MKS Instruments Interest Coverage Related Terms

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

MKS Instruments (MKS Instruments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MKS Instruments Inc (NAS:MKSI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MKT:Germany MKT:Germany

Address

2 Tech Drive, Suite 201, Andover, MA, USA, 01810

Website

https://www.mksinst.com

MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.

Executives

Gerard G Colella	officer: VP Global Business Operations	6 SHATTUCK RD, ANDOVER MA 01810
Elizabeth Mora	director	C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Jacqueline F Moloney	director	222 MERRIMACK STREET, LOWELL MA 01852
David Philip Henry	officer: SVP, Corp Mkt, PMO & Glob Svc	MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Seth H Bagshaw	officer: Vice President, CFO
Kathleen Flaherty Burke	officer: Sr. VP, GC & Secretary	MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Cap Iv, L.l.c.	10 percent owner	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Cap Iv General Partner, L.p.	10 percent owner	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Carlyle Asia Partners Iv, L.p.	10 percent owner	1001 PENNSYLVANIA AVENUE, NW, SUITE 220, WASHINGTON DC 20004
Carlyle Partners Vi Cayman Holdings, L.p.	10 percent owner	C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Carlyle Group Inc.	10 percent owner	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Geoffrey Wild	director	108 CHERRY HILL DRIVE, BEVERLY MA 01915
Tc Group Vi Cayman, L.p.	10 percent owner	C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Cg Subsidiary Holdings L.l.c.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Tc Group Vi Cayman, L.l.c.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004