SNCR (Synchronoss Technologies) Interest Coverage : 1.82 (As of Dec. 2024)

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What is Synchronoss 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. Synchronoss Technologies's Operating Income for the three months ended in Dec. 2024 was $8.5 Mil. Synchronoss Technologies's Interest Expense for the three months ended in Dec. 2024 was $-4.6 Mil. Synchronoss Technologies's interest coverage for the quarter that ended in Dec. 2024 was 1.82. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Synchronoss Technologies Inc interest coverage is 1.48, which is low.

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

SNCR' s Interest Coverage Range Over the Past 10 Years
Min: 0.21 Med: 0.85 Max: 1.48
Current: 1.48

SNCR's Interest Coverage is ranked worse than
92.69% of 1656 companies
in the Software industry
Industry Median: 28.075 vs SNCR: 1.48

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

Synchronoss Technologies Interest Coverage Historical Data

The historical data trend for Synchronoss 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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Synchronoss Technologies Interest Coverage Chart

Synchronoss Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.21

1.48

Synchronoss Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															1.20	1.54	1.42	1.15	1.82

Competitive Comparison of Synchronoss Technologies's Interest Coverage

For the Software - Infrastructure subindustry, Synchronoss 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.

Synchronoss Technologies's Interest Coverage Distribution in the Software Industry

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

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

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Synchronoss 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.

Synchronoss Technologies's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Synchronoss Technologies's Interest Expense was $-15.6 Mil. Its Operating Income was $23.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $201.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	23.111	/	-15.607
	=	1.48

Synchronoss Technologies's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Synchronoss Technologies's Interest Expense was $-4.6 Mil. Its Operating Income was $8.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $201.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	8.456	/	-4.635
	=	1.82

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

Synchronoss Technologies (NAS:SNCR) 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 .

Synchronoss Technologies Interest Coverage Related Terms

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

Synchronoss Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synchronoss Technologies Inc (NAS:SNCR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

H6K0:Germany

Address

200 Crossing Boulevard, 8th Floor, Bridgewater, NJ, USA, 08807

Website

https://www.synchronoss.com

Synchronoss Technologies Inc is a provider of white-label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Synchronoss Personal CloudTM solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. The Synchronoss Personal CloudTM platform is a secure and scalable, white-label platform that allows its customers' subscribers to backup and protect, engage with, and manage their personal content. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.

Executives

Jeffrey George Miller	officer: Chief Commercial Officer	C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Martin Francis Bernstein	director	C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Lou Ferraro	officer: EVP and CFO	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Christina Gabrys	officer: SVP and CLO	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Patrick Joseph Doran	officer: EVP & Chief Technology Officer	750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Stephen G Waldis	director, officer: President & C.E.O.	750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Laurie Harris	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
Kristin S. Rinne	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807
Christopher K. Hill	officer: EVP & Chief Commercial Officer	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Taylor C Greenwald	officer: Chief Financial Officer	C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BOULEVARD, 3RD FLOOR, BRIDGEWATER NJ 08807
David D Clark	officer: Chief Financial Officer	FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brc Partners Management Gp, Llc	10 percent owner	11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025