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Kura Sushi USA (Kura Sushi USA) Interest Coverage : 0 (At Loss) (As of Feb. 2024)


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What is Kura Sushi USA 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. Kura Sushi USA's Operating Income for the three months ended in Feb. 2024 was $-1.7 Mil. Kura Sushi USA's Interest Expense for the three months ended in Feb. 2024 was $-0.0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Kura Sushi USA's Interest Coverage or its related term are showing as below:


KRUS's Interest Coverage is not ranked *
in the Restaurants industry.
Industry Median: 7.135
* Ranked among companies with meaningful Interest Coverage only.

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


Kura Sushi USA Interest Coverage Historical Data

The historical data trend for Kura Sushi USA'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.

* Premium members only.

Kura Sushi USA Interest Coverage Chart

Kura Sushi USA Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Coverage
Get a 7-Day Free Trial 8.84 - - - 4.81

Kura Sushi USA Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - 56.87 139.31 - -

Competitive Comparison of Kura Sushi USA's Interest Coverage

For the Restaurants subindustry, Kura Sushi USA'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.


Kura Sushi USA's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kura Sushi USA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kura Sushi USA's Interest Coverage falls into.



Kura Sushi USA 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.

Kura Sushi USA's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Kura Sushi USA's Interest Expense was $-0.1 Mil. Its Operating Income was $0.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $110.3 Mil.

Interest Coverage=-1* Operating Income (A: Aug. 2023 )/Interest Expense (A: Aug. 2023 )
=-1*0.332/-0.069
=4.81

Kura Sushi USA's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Kura Sushi USA's Interest Expense was $-0.0 Mil. Its Operating Income was $-1.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $118.9 Mil.

Kura Sushi USA did not have earnings to cover the interest expense.

* 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.


Kura Sushi USA  (NAS:KRUS) 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 .


Kura Sushi USA Interest Coverage Related Terms

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


Kura Sushi USA (Kura Sushi USA) Business Description

Traded in Other Exchanges
N/A
Address
17461 Derian Avenue, Suite 200, Irvine, California, DE, USA, 92614
Kura Sushi USA Inc is a Japanese restaurant company. It operates revolving sushi chain restaurants in the United States. It provides access to the revolving and express conveyor belts, on-demand ordering screen, plate slot, and the Bikkura-Pon rewards machine. The company offers several dishes, including Dashi Olive Salmon, Tomago, Sweet Shrimp, Tuna, Garlic Tuna Steak, Salmon, among others. Geographically, it derives revenue from the United States of America.
Executives
Brent Takao officer: See Remarks C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Carin Stutz director C/O BRINKER INTERNATIONAL, INC., 6820 LBJ FREEWAY, DALLAS TX 75240
Jeffrey J Uttz officer: Chief Financial Officer C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Shahin Allameh officer: Chief Operating Officer C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614
Benrubi Steven officer: Chief Financial Officer C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614
Hiroyuki Okamoto director C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Kim Ellis director C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Shintaro Asako director 1301 SECOND AVENUE, SUITE 4200, SEATTLE WA 98101
Manabu Kamei director, officer: Chief Operating Officer C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Hideto Sugimoto officer: Director of Operations C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Koji Shinohara director, officer: See Remarks C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Hajime Uba director, officer: See Remarks C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Seitaro Ishii director C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Kura Sushi, Inc. 10 percent owner 1-2-2 FUKASAKA, NAKA-KU, SAKAI-SHI, OSAKA M0 599-8253