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Skyworks Solutions has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Skyworks Solutions Inc shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.Skyworks Solutions's Interest Coverage for the quarter that ended in Jun. 2024 was 20.00. Skyworks Solutions's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.33. As of today, Skyworks Solutions's Altman Z-Score is 7.10.
For the Semiconductors subindustry, Skyworks Solutions's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the Semiconductors industry and Technology sector, Skyworks Solutions's Financial Strength distribution charts can be found below:
* The bar in red indicates where Skyworks Solutions's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Skyworks Solutions's Interest Expense for the months ended in Jun. 2024 was $-7 Mil. Its Operating Income for the months ended in Jun. 2024 was $132 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,181 Mil.
Skyworks Solutions's Interest Coverage for the quarter that ended in Jun. 2024 is
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2024 ) | / | Interest Expense (Q: Jun. 2024 ) |
= | -1 | * | 132 | / | -6.6 | |
= | 20.00 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Skyworks Solutions's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (19.7 | + | 1181.1) | / | 3622 | |
= | 0.33 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Skyworks Solutions has a Z-score of 7.10, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 7.1 is strong.
* 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.
Skyworks Solutions (NAS:SWKS) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Skyworks Solutions has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Skyworks Solutions's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Carlos S Bori | officer: VP, Sales & Marketing | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Reza Kasnavi | officer: SVP, Tech. & Manufacturing | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Philip Matthew Carter | officer: VP, Corp. Controller | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Robert A Schriesheim | director | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Liam Griffin | officer: VP, Sales and Marketing | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Karilee A Durham | officer: SVP, Human Resources | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Robert John Terry | officer: VP, General Counsel &Secretary | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Kris Sennesael | officer: SVP & Chief Financial Officer | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
Kevin L Beebe | director | ONE ALLIED DRIVE, LITTLE ROCK AR 72202 |
Maryann Turcke | director | C/O NORTHERN STAR INVESTMENT CORP. II, 405 LEXINGTON AVENUE, NEW YORK NY 10174 |
Suzanne E. Mcbride | director | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
Eric Guerin | director | 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169 |
Timothy R Furey | director | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
P Mcglade David | director | 5260 CALIFORNIA AVENUE, IRVINE CA 92617 |
David J Aldrich | director, officer: President and CEO | 20 SYLVAN ROAD, WOBURN MA 01801 |
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