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Meyer Burger Technology AG (Meyer Burger Technology AG) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Meyer Burger Technology AG 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. Meyer Burger Technology AG's Operating Income for the six months ended in Dec. 2023 was $-222.8 Mil. Meyer Burger Technology AG's Interest Expense for the six months ended in Dec. 2023 was $-14.0 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 Meyer Burger Technology AG's Interest Coverage or its related term are showing as below:


MYBRF's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 19.83
* 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.


Meyer Burger Technology AG Interest Coverage Historical Data

The historical data trend for Meyer Burger Technology AG'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.

Meyer Burger Technology AG Interest Coverage Chart

Meyer Burger Technology AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Meyer Burger Technology AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Meyer Burger Technology AG's Interest Coverage

For the Solar subindustry, Meyer Burger Technology AG'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.


Meyer Burger Technology AG's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Meyer Burger Technology AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Meyer Burger Technology AG's Interest Coverage falls into.



Meyer Burger Technology AG 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.

Meyer Burger Technology AG'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, Meyer Burger Technology AG's Interest Expense was $-29.4 Mil. Its Operating Income was $-287.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $377.2 Mil.

Meyer Burger Technology AG did not have earnings to cover the interest expense.

Meyer Burger Technology AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Meyer Burger Technology AG's Interest Expense was $-14.0 Mil. Its Operating Income was $-222.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $377.2 Mil.

Meyer Burger Technology AG 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.


Meyer Burger Technology AG  (OTCPK:MYBRF) 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 .


Meyer Burger Technology AG Interest Coverage Related Terms

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Meyer Burger Technology AG (Meyer Burger Technology AG) Business Description

Traded in Other Exchanges
Address
Schorenstrasse 39, Gwatt (Thun), CHE, CH-3645
Meyer Burger Technology AG operates in the technology sector of Switzerland. Its business involves building equipment to produce solar cells, modules, and systems. Meyer's activities are divided into reportable segments, Photovoltaics, Specialized Technologies, Cells, and Modules. With its main focus on providing equipment for the solar industry, its proceeds come from the Photovoltaics segment. It covers the entire photovoltaic value chain comprising the processes involved in the conversion of sunlight into solar energy. In addition, the company also serves other markets such as optoelectronics and semiconductors, which are a part of its Specialized Technologies segment. Meyer sells its products world wide and derives a majority of its revenue from its Asian market.

Meyer Burger Technology AG (Meyer Burger Technology AG) Headlines