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SolarEdge Technologies Interest Coverage

: 0.64 (As of Dec. 2020)
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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. SolarEdge Technologies's Operating Income for the three months ended in Dec. 2020 was USD14 Mil. SolarEdge Technologies's Interest Expense for the three months ended in Dec. 2020 was USD-23 Mil. SolarEdge Technologies's interest coverage for the quarter that ended in Dec. 2020 was 0.64. The higher the ratio, the stronger the company's financial strength is.

NAS:SEDG' s Interest Coverage Range Over the Past 10 Years
Min: 3.63   Med: 46.39   Max: No Debt
Current: 3.63

3.63
No Debt

NAS:SEDG's Interest Coverage is ranked lower than
82% of the 592 Companies
in the Semiconductors industry.

( Industry Median: 23.31 vs. NAS:SEDG: 3.63 )

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

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

SolarEdge Technologies Annual Data
Jun12 Jun13 Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 53.24 54.98 39.53 16.74

SolarEdge Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 N/A 4.08 N/A N/A 0.64

Competitive Comparison
* 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.


SolarEdge Technologies Interest Coverage Distribution

* 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.


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. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, SolarEdge Technologies's Interest Expense was USD-9 Mil. Its Operating Income was USD143 Mil. And its Long-Term Debt & Capital Lease Obligation was USD635 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*142.561/-8.515
=16.74

SolarEdge Technologies's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Here, for the three months ended in Dec. 2020, SolarEdge Technologies's Interest Expense was USD-23 Mil. Its Operating Income was USD14 Mil. And its Long-Term Debt & Capital Lease Obligation was USD635 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2020 )/Interest Expense (Q: Dec. 2020 )
=-1*14.427/-22.685
=0.64

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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


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