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Komeri Co (Komeri Co) Interest Coverage : 484.17 (As of Dec. 2023)


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What is Komeri Co Interest Coverage?

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. Komeri Co's Operating Income for the three months ended in Dec. 2023 was $44 Mil. Komeri Co's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Komeri Co's interest coverage for the quarter that ended in Dec. 2023 was 484.17. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Komeri Co's Interest Coverage or its related term are showing as below:

KMRIF' s Interest Coverage Range Over the Past 10 Years
Min: 35.27   Med: 96.12   Max: 424.79
Current: 424.79


KMRIF's Interest Coverage is ranked better than
93.17% of 761 companies
in the Retail - Cyclical industry
Industry Median: 7.8 vs KMRIF: 424.79

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


Komeri Co Interest Coverage Historical Data

The historical data trend for Komeri Co'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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Komeri Co Interest Coverage Chart

Komeri Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.68 226.34 246.29 361.72 424.89

Komeri Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial 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 142.23 603.10 450.17 484.17 152.22

Competitive Comparison of Komeri Co's Interest Coverage

For the Home Improvement Retail subindustry, Komeri Co'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.


Komeri Co's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Komeri Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Komeri Co's Interest Coverage falls into.



Komeri Co 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 (1).


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

Komeri Co's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Komeri Co's Interest Expense was $-0 Mil. Its Operating Income was $147 Mil. And its Long-Term Debt & Capital Lease Obligation was $106 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*147.438/-0.347
=424.89

Komeri Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Komeri Co's Interest Expense was $-0 Mil. Its Operating Income was $44 Mil. And its Long-Term Debt & Capital Lease Obligation was $69 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*43.575/-0.09
=484.17

* 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.


Komeri Co  (OTCPK:KMRIF) 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 .


Komeri Co Interest Coverage Related Terms

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


Komeri Co (Komeri Co) Business Description

Traded in Other Exchanges
Address
Shimizu 4501-1, Minami-ku, Niigata city, JPN, 950-1492
Komeri Co Ltd is a Japanese company operating a chain of home improvement stores. The firm organizes its activities into a home center unit and an other unit. The home center unit is composed of the Hard & Green, or the H&G, store brand. The hard merchandise includes hardware, general materials, and business materials, while the green merchandise includes gardening and agricultural goods. Home center also provides household goods, office and leisure goods, and kerosene. The other unit is further divided into logistics, information technology, credit cards, and other businesses. The majority of the company's revenue is derived from the hardware, general materials, and building materials product line, followed by gardening and agricultural goods and household goods product lines.

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