Market Cap : 38.29 B | Enterprise Value : 39.45 B | PE Ratio : 52.99 | PB Ratio : 3.52 |
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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. Illumina's Operating Income for the three months ended in Mar. 2022 was $184 Mil. Illumina's Interest Expense for the three months ended in Mar. 2022 was $-6 Mil. Illumina's interest coverage for the quarter that ended in Mar. 2022 was 30.67. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Illumina's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Illumina'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.
For the Diagnostics & Research subindustry, Illumina'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.
For the Medical Diagnostics & Research industry and Healthcare sector, Illumina's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Illumina's Interest Coverage falls into.
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. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Illumina's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Illumina's Interest Expense was $-61 Mil. Its Operating Income was $-123 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,469 Mil.
Illumina did not have earnings to cover the interest expense. |
Illumina's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as
Here, for the three months ended in Mar. 2022, Illumina's Interest Expense was $-6 Mil. Its Operating Income was $184 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,044 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 184 | / | -6 | |
= | 30.67 |
* 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.
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 .
Thank you for viewing the detailed overview of Illumina's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Flatley Jay T | director | 9885 TOWNE CENTRE DR SAN DIEGO CA 92121 |
Tousi Susan H | officer: SVP Product Development | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Reeves Kathryne Gambrell | officer: SVP, Chief Marketing Officer | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Goswami Joydeep | officer: SVP Corp Business Development | SUMITOMO FUDOSAN MITA TWIN BLDG EAST WING 4-2-8 SHIBAURA MINATO-KU TOKYO M0 1080023 |
Dadswell Charles | officer: SVP & General Counsel | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Desouza Francis A | director, officer: President and CEO | 350 ELLIS STREET MOUNTAIN VIEW CA 94043 |
Van Oene Mark | officer: SVP Chief Commercial Officer | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Ragusa Robert P | officer: SVP, Global Quality & Ops | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RAGUSA ROBERT P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Mcginnis Karen K | officer: VP, Chief Accounting Officer | INSIGHT ENTERPRISES INC 1305 WEST AUTO DRIVE TEMPE AZ 85284 |
Hoyt Aimee L | officer: SVP, Chief People Officer | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Ronaghi Mostafa | officer: SVP, Entrepreneurial Devlopmt | 9885 TOWNE CENTRE DRIVE SAN DIEGO CA 92121 |
Aravanis Alexander | officer: SVP, Chief Technology Officer | 5200 ILLUMINA WAY SAN DIEGO CA 92122 |
Siegel Susan E | director | 3000 SAND HILL ROAD BLDG 3 STE 290 MENLO PARK CA 94025 |
Thompson John Wendell | director | C/O MICROSOFT CORPORATION ONE MICROSOFT WAY REDMOND WA 98053 |
Epstein Robert S | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: EPSTEIN ROBERT S a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
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