Interleaved zero-voltage switching boost converters have been known for over 20 years. However, the influence of parasitic capacitance of transistors has not been described. In this paper the converter is analyzed and the equation for voltage ratio is derived for any number of converter phases. First a general description of the topology, including main voltage and current waveforms, is provided. Subsequently the converter is analyzed and conditions for soft switching are derived. Next the analysis results are compared to measurements of an experimental converter setup. Discrepancies are identified and the influence of parasitic capacitance is analyzed. By considering the parasitic capacitance the difference between experimental and analytical results of voltage ratio is reduced from 0.2 to less than 0.05.