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Synaptics Interest Coverage

: 14.00 (As of Jun. 2022)
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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. Synaptics's Operating Income for the three months ended in Jun. 2022 was $125 Mil. Synaptics's Interest Expense for the three months ended in Jun. 2022 was $-9 Mil. Synaptics's interest coverage for the quarter that ended in Jun. 2022 was 14.00. The higher the ratio, the stronger the company's financial strength is.

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

SYNA' s Interest Coverage Range Over the Past 10 Years
Min: 0.54   Med: 13.19   Max: No Debt
Current: 13.56


SYNA's Interest Coverage is ranked worse than
70.45% of 687 companies
in the Semiconductors industry
Industry Median: 45.51 vs SYNA: 13.56

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


Synaptics Interest Coverage Historical Data

The historical data trend for Synaptics'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.

* Premium members only.

Synaptics Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.54 4.53 4.07 12.71

Synaptics Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.34 10.51 14.51 14.84 14.00

Competitive Comparison

For the Semiconductors subindustry, Synaptics'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.

   

Synaptics Interest Coverage Distribution

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

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



Synaptics 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.


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

Synaptics's Interest Coverage for the fiscal year that ended in Jun. 2022 is calculated as

Here, for the fiscal year that ended in Jun. 2022, Synaptics's Interest Expense was $-29 Mil. Its Operating Income was $369 Mil. And its Long-Term Debt & Capital Lease Obligation was $976 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2022 )/Interest Expense (A: Jun. 2022 )
=-1*368.7/-29
=12.71

Synaptics's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Synaptics's Interest Expense was $-9 Mil. Its Operating Income was $125 Mil. And its Long-Term Debt & Capital Lease Obligation was $976 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*124.6/-8.9
=14.00

* 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.


Synaptics  (NAS:SYNA) 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 .


Synaptics Interest Coverage Related Terms

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


Synaptics Business Description

Synaptics logo
Traded in Other Exchanges
Address
1251 McKay Drive, San Jose, CA, USA, 95131
Synaptics is a global producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices.
Executives
Lee Vivie director 126 SIERRA POINT ROAD BRISBANE CA 94005
Stein Craig Browning officer: Please see remarks C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Kummrow Patricia Lorraine director C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Hardman Susan J director 1001 MURPHY RANCH ROAD MILPITAS CA 95035
Kumin Phillip Ralph officer: See Remarks C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Mori Janice Satsumi officer: See Remarks C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Butler Dean Warren officer: See Remarks C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Hurlston Michael E. director, officer: See remarks below 5300 CALIFORNIA AVENUE IRVINE CA 92617
Allgood Kiva A. director C/O SYNAPTICS INCORPORATED 1251 MCKAY DRIVE SAN JOSE CA 95131
Awsare Saleel officer: See Remarks C/O SIGMA DESIGN, INC. 47467 FREMONT BLVD. FREMONT CA 94538
Nolan Kermit officer: See Remarks 1251 MCKAY DRIVE SAN JOSE CA 95131
Lu Yu-lun Richard officer: SVP & GM, Mobile Division 1251 MCKAY DRIVE SAN JOSE CA 95131
Liu Shawn Tsai-shyang officer: See Remarks 1251 MCKAY DRIVE SAN JOSE CA 95131
Wadlington Mark officer: SVP, Worldwide Sales 215 MOFFETT PARK DRIVE SUNNYVALE CA 94089
Ali Wajid officer: Senior VP and CFO 400 N MCCARTHY BLVD MILPITAS CA 95035

Synaptics Headlines

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