Market Cap : 11.46 B | Enterprise Value : 12.65 B | PE Ratio : 15.03 | PB Ratio : 2.67 |
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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. Qorvo's Operating Income for the three months ended in Jun. 2022 was $102 Mil. Qorvo's Interest Expense for the three months ended in Jun. 2022 was $-17 Mil. Qorvo's interest coverage for the quarter that ended in Jun. 2022 was 5.90. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Qorvo'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 Qorvo'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 Semiconductors subindustry, Qorvo'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 Semiconductors industry and Technology sector, Qorvo's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Qorvo'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.
Qorvo's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as
Here, for the fiscal year that ended in Mar. 2022, Qorvo's Interest Expense was $-63 Mil. Its Operating Income was $1,226 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,047 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Mar. 2022 ) | / | Interest Expense (A: Mar. 2022 ) |
= | -1 | * | 1226.069 | / | -63.326 | |
= | 19.36 |
Qorvo's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, Qorvo's Interest Expense was $-17 Mil. Its Operating Income was $102 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,047 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 101.859 | / | -17.252 | |
= | 5.90 |
* 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 Qorvo's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Brown Grant | officer: VP of Treasury & Interim CFO | 7628 THORNDIKE ROAD GREENSBORO NC 27409 |
Chesley Philip | officer: Pres. Infra & Defense | 7628 THORNDIKE ROAD GREENSBORO NC 27409 |
Bruner Judy | director | C/O SANDISK CORPORATION 601 MCCARTHY BLVD. MILPITAS CA 95035 |
Fego Paul J | officer: VP, Global Operations | 15 SECOR ROAD PO BOX 5226 BROOKFIELD CT 06804 |
Spradley Susan Louise | director | C/O NORTEL NETWORKS 8200 DIXIE ROAD STE 100 BRAMPTON ONTARIO A6 L6T 5PT |
Murphy Mark J. | officer: Chief Financial Officer | DELPHI AUTOMOTIVE PLC 5725 DELPHI DRIVE TROY MI 48098 |
Harrison Gina | officer: VP and Corporate Controller | 7628 THORNDIKE ROAD GREENSBORO NC 27409 |
Quinsey Ralph | director | C/O TRIQUINT SEMICONDUCTOR INC 2300 NE BROOKWOOD PKWY HILLSBORO OR 97124 |
Laber Michael J. | officer: VP and Corporate Controller | 2300 NE BROOKWOOD PARKWAY HILLSBORO OR 97124 |
Buhaly Steven J | officer: CFO and Secretary | 1195 NW LOMPTON DRIVE BEAVESTON OR 97006 |
Dileo Daniel A | director | C/O RF MICRO DEVICES 7628 THORNDIKE ROAD GREENSBORO NC 27409 |
Gibson C Scott | director | PMB 316, PO BOX 30,000 JACKSON WY 83002 |
Nelson Roderick | director | 2300 NE BROOKWOOD PARKWAY HILLSBORO OR 97124 |
Ho David H Y | director | 5500 WAYZATA BOULEVARD SUITE 600 GOLDEN VALLEY MN 55416 |
Wilkinson Walter H | director | C/O RF MICRO DEVICES, INC. 7628 THORNDIKE ROAD GREENSBORO NC 27409 |
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By GuruFocusNews 12-09-2021
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