SolarEdge Technologies (SolarEdge Technologies) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is SolarEdge Technologies 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. SolarEdge Technologies's Operating Income for the three months ended in Dec. 2023 was $-205 Mil. SolarEdge Technologies's Interest Expense for the three months ended in Dec. 2023 was $-4 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 SolarEdge Technologies's Interest Coverage or its related term are showing as below:

SEDG' s Interest Coverage Range Over the Past 10 Years
Min: 5.78 Med: 53.24 Max: No Debt
Current: 5.78

SEDG's Interest Coverage is ranked worse than
70.3% of 623 companies
in the Semiconductors industry
Industry Median: 20.41 vs SEDG: 5.78

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

SolarEdge Technologies Interest Coverage Historical Data

The historical data trend for SolarEdge Technologies'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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SolarEdge Technologies Interest Coverage Chart

SolarEdge Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

44.19

44.76

59.43

63.58

17.03

SolarEdge Technologies 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															N/A	N/A	N/A	-	-

Competitive Comparison of SolarEdge Technologies's Interest Coverage

For the Solar subindustry, SolarEdge Technologies'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.

SolarEdge Technologies's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SolarEdge Technologies's Interest Coverage distribution charts can be found below:

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

SolarEdge Technologies 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.

SolarEdge Technologies'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, SolarEdge Technologies's Interest Expense was $-4 Mil. Its Operating Income was $72 Mil. And its Long-Term Debt & Capital Lease Obligation was $714 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	71.519	/	-4.199
	=	17.03

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

Here, for the three months ended in Dec. 2023, SolarEdge Technologies's Interest Expense was $-4 Mil. Its Operating Income was $-205 Mil. And its Long-Term Debt & Capital Lease Obligation was $714 Mil.

SolarEdge Technologies did not have earnings to cover the interest expense.

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

SolarEdge Technologies (NAS:SEDG) 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 .

SolarEdge Technologies Interest Coverage Related Terms

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

SolarEdge Technologies (SolarEdge Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarEdge Technologies Inc (NAS:SEDG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SEDG:Mexico 2ED:Germany 2ED:Germany 2ED:Germany SEDG:Austria

Address

1 HaMada Street, Post Box 12001, Herziliya Pituach, ISR, 4673335

Website

https://www.solaredge.com

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

Executives

Marcel Gani	director	142 ALMENDRAL AVE, ATHERTON CA 94027
More Avery	director	5930 ROYAL LANE SUITE E-120, DALLAS TX 75230
Ronen Faier	officer: Chief Financial Officer	MARVA 11, HERZLIA L3 46417
Dana Rebecca Gross	director	C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Meir Adest	officer: VP, Core Technologies	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Uri Bechor	officer: Chief Operating Officer	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Zvi Lando	officer: Vice President, Global Sales	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Rachel Prishkolnik	officer: VP, GC and Corporate Secretary	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Dirk Hoke	director	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Doron Inbar	director	C/O CARMEL VENTURES, 12 ABBA EBAN AVENUE, HERZELIYA L3 46725
Yoav Galin	officer: VP, Research and Development	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Tal Payne	director	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Betsy S Atkins	director
Jonathan Cheifetz	director	9 EIN YAKOV ST., TEL AVIV L3 65155
Lior Handelsman	officer: VP, Marktng and Prod Strategy	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335