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Ubiquiti Inc. develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified informa...
The following section summarizes insights on Ubiquiti Networks Inc's Interest Coverage Ratio:
We've identified the following companies as similar to Ubiquiti Networks Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
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Metrics similar to Interest Coverage Ratio in the risk category include:
A ratio used to assess a firm's ability to pay interest expenses based on operating profits (EBIT).
Interest Coverage Ratio is defined as:
Interest Coverage Ratio = EBIT / Interest Expense
Interest Coverage Ratio for Ubiquiti is calculated as follows:
EBIT [ 597.6 M ]
(/) Interest Expense [ 57.701 M ]
(=) Interest Coverage Ratio [ 10.4x ]
The tables below summarizes the trend in Ubiquiti’s interest coverage ratio over the last five years:
| Fiscal Year | EBIT | Interest Expense | Interest Coverage Ratio |
|---|---|---|---|
| 2020-06-30 | 478.2 M | 28.002 M | 17.1x |
| 2021-06-30 | 742.6 M | 14.938 M | 49.7x |
| 2022-06-30 | 462.3 M | 17.815 M | 25.9x |
| 2023-06-30 | 544.6 M | 58.224 M | 9.4x |
| 2024-06-30 | 499 M | 75.169 M | 6.6x |
The tables below summarizes the trend in Ubiquiti’s interest coverage ratio over the last four quarters:
| Fiscal Quarter | EBIT | Interest Expense | Interest Coverage Ratio |
|---|---|---|---|
| 2024-03-31 | 111.2 M | 18.87 M | 5.9x |
| 2024-06-30 | 138.4 M | 16.813 M | 8.2x |
| 2024-09-30 | 169.2 M | 10.578 M | 16.0x |
| 2024-12-31 | 178.8 M | 11.44 M | 15.6x |
Times Interest Earned or Interest Coverage measures a company’s ability to meet its debt obligations. If the interest coverage is below 1, the company is not generating enough earnings from its operations to meet interest obligations and indicates that the company is probably using its cash balance or additional borrowings to cover the shortfall. A ratio near 2.5x warrants a closer look.
Earnings before interest and taxes, or EBIT, used in the numerator is adjusted for one-time and non-recurring items to present a clearer view of future earnings. Interest expense can be found on the Income Statement and is used in the denominator.
The chart above depicts the distribution of interest coverage ratio for companies operating in the Information Technology sector in the Developed economic region. Over 2,090 companies were considered in this analysis, and 2,013 had meaningful values. The average interest coverage ratio of companies in the sector is 24.2x with a standard deviation of 128.5x.
Ubiquiti Networks Inc's Interest Coverage Ratio of 10.4x ranks in the 67.3% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,097 |
| Included Constituents | 2,013 |
| Min | -428.1x |
| Max | 1,075.1x |
| Median | 1.8x |
| Mean | 24.2x |
| Standard Deviation | 128.5x |
You can find companies with similar interest coverage ratio using this stock screener.