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Vishay Precision Group Interest Coverage

: 26.76 (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. Vishay Precision Group's Operating Income for the three months ended in Jun. 2022 was $11.5 Mil. Vishay Precision Group's Interest Expense for the three months ended in Jun. 2022 was $-0.4 Mil. Vishay Precision Group's interest coverage for the quarter that ended in Jun. 2022 was 26.76. The higher the ratio, the stronger the company's financial strength is.

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

VPG' s Interest Coverage Range Over the Past 10 Years
Min: 9.71   Med: 17.92   Max: 42.73
Current: 25.58


VPG's Interest Coverage is ranked better than
52.55% of 1669 companies
in the Hardware industry
Industry Median: 21.68 vs VPG: 25.58

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


Vishay Precision Group Interest Coverage Historical Data

The historical data trend for Vishay Precision Group'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.

Vishay Precision Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.32 23.21 21.23 19.04 24.28

Vishay Precision Group 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 26.90 22.15 27.22 25.84 26.76

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Vishay Precision Group'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.

   

Vishay Precision Group Interest Coverage Distribution

For the Hardware industry and Technology sector, Vishay Precision Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vishay Precision Group's Interest Coverage falls into.



Vishay Precision Group 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.

Vishay Precision Group's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Vishay Precision Group's Interest Expense was $-1.2 Mil. Its Operating Income was $29.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $85.9 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*29.869/-1.23
=24.28

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

Here, for the three months ended in Jun. 2022, Vishay Precision Group's Interest Expense was $-0.4 Mil. Its Operating Income was $11.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $82.5 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*11.455/-0.428
=26.76

* 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.


Vishay Precision Group  (NYSE:VPG) 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 .


Vishay Precision Group Interest Coverage Related Terms

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


Vishay Precision Group Business Description

Vishay Precision Group logo
Traded in Other Exchanges
N/A
Address
3 Great Valley Parkway, Suite 150, Malvern, PA, USA, 19355
Vishay Precision Group Inc manufactures and markets sensors, and sensor-based measurement systems, as well as specialty resistors and strain gages based on proprietary technology. The company provides precision products and solutions, many of which are designed-in by customers, specializing in the growing markets of stress, force, weight, pressure, and current measurements. Its most products and solutions are primarily based upon proprietary foil technology and are produced as part of a vertically integrated structure. The product segments of the group are Foil Technology Products, Force Sensors and Weighing and Control Systems. It has a business presence in the United States and other countries.
Executives
Lerner Bruce A. director C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Reibstein Saul director C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Clarke Janet M director EXPRESSJET HOLDINGS, INC. 700 N SAM HOUSTON PRKWY W, SUITE 200 HOUSTON TX 77067
Zandman Marc director C/O VISHAY INTERTECHNOLOGY, INC. 63 LINCOLN HIGHWAY MALVERN PA 19355
Talbert Timothy director 3152 CASWELL DR TROY MI 48084
Tal Amir officer: SVP and CAO C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Cummins Wes director 4505 LORRAINE AVE DALLAS TX 75205
Gulati Sejal Shah director C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Clancy William M officer: Exec. VP/CFO 3 GREAT VALLEY PKWY MALVERN PA 19355
Shoshani Ziv director, officer: President & CEO C/O VISHAY INTERTECHNOLOGY, INC. 63 LANCASTER AVE MALVERN PA 19355
Wood Cary B director 425 NORTH MARTINGALE ROAD SUITE 1000 SCHAUMBURG IL 60173
Desilets Roland B officer: General Counsel & Secretary 3 GREAT VALLEY PARKWAY SUITE 150 MALVERN PA 19355
Nokomis Capital, L.l.c. 10 percent owner PO BOX 155 4347 W. NORTHWEST HWY, SUITE 130 DALLAS TX 75220
Hendrickson Brett 10 percent owner 300 CRESCENT COURT SUITE 1740 DALLAS TX 75201
Broydo Samuel director C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355

Vishay Precision Group Headlines

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