Immersion (Immersion) Interest Coverage

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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. Immersion's Operating Income for the three months ended in Dec. 2023 was $5.04 Mil. Immersion's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Immersion has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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

IMMR' s Interest Coverage Range Over the Past 10 Years
Min: 7.53 Med: No Debt Max: No Debt
Current: 7.53

IMMR's Interest Coverage is ranked worse than
71.35% of 1602 companies
in the Software industry
Industry Median: 29.54 vs IMMR: 7.53

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

Immersion Interest Coverage Historical Data

The historical data trend for Immersion'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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Immersion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Immersion 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															22.67	No Debt	No Debt	2.74	No Debt

Competitive Comparison

For the Software - Application subindustry, Immersion'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.

Immersion Interest Coverage Distribution

For the Software industry and Technology sector, Immersion's Interest Coverage distribution charts can be found below:

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

Immersion 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.

Immersion'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, Immersion's Interest Expense was $0.00 Mil. Its Operating Income was $17.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Immersion had no debt ⁽¹⁾.

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

Here, for the three months ended in Dec. 2023, Immersion's Interest Expense was $0.00 Mil. Its Operating Income was $5.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Immersion had no debt ⁽¹⁾.

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

Immersion (NAS:IMMR) 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 .

Immersion Interest Coverage Related Terms

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Immersion (Immersion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Immersion Corp (NAS:IMMR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

IMV:Germany

Address

2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180

Website

https://www.immersion.com

Immersion Corp is focused on the creation, design, development, and licensing of innovative haptic technologies that allow people to use its sense of touch more fully as they engage with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Korea.

Executives

Aaron Akerman	officer: Chief Financial Officer	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
J Michael Dodson	officer: Chief Financial Officer	1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Emily Hoffman	director	2999 N.E. 191ST STREET, SUITE 610, AVENTURA FL 33180
Francis Jose	officer: General Counsel	385 RIVER OAKS PARKWAY, APT # 2106, SAN JOSE CA 95134
Eric Singer	10 percent owner	323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
William C Martin	officer: Chief Strategy Officer	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Childress Frederick Wasch	director	330 TOWNSEND STREET, SUITE 234, SAN FRANCISCO CA 94107
Elias Nader	director	1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Sumit Agarwal	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Mary Dotz	director	280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Jared Smith	officer: Interim CEO/VP Worldwide Sales	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Special Opportunities Fund Ii, Lp	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Rudolf Okada	officer: General Counsel	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Opportunities Fund, Lp Series One	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Sharon E Holt	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134