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SecondXight Analytica (TSE:5028) Interest Coverage : 539.71 (As of Mar. 2024)


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What is SecondXight Analytica 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. SecondXight Analytica's Operating Income for the three months ended in Mar. 2024 was 円35.6 Mil. SecondXight Analytica's Interest Expense for the three months ended in Mar. 2024 was 円-0.1 Mil. SecondXight Analytica's interest coverage for the quarter that ended in Mar. 2024 was 539.71. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. SecondXight Analytica Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:5028' s Interest Coverage Range Over the Past 10 Years
Min: 99.83   Med: 141.63   Max: 456.91
Current: 261.15


TSE:5028's Interest Coverage is ranked better than
76.26% of 1601 companies
in the Software industry
Industry Median: 29.29 vs TSE:5028: 261.15

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


SecondXight Analytica Interest Coverage Historical Data

The historical data trend for SecondXight Analytica'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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SecondXight Analytica Interest Coverage Chart

SecondXight Analytica Annual Data
Trend Mar20 Mar21 Mar22
Interest Coverage
99.83 141.63 456.91

SecondXight Analytica Quarterly Data
Mar20 Mar21 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 2,896.50 - 219.52 351.79 539.71

Competitive Comparison of SecondXight Analytica's Interest Coverage

For the Software - Infrastructure subindustry, SecondXight Analytica'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.


SecondXight Analytica's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, SecondXight Analytica's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SecondXight Analytica's Interest Coverage falls into.



SecondXight Analytica 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.

SecondXight Analytica's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, SecondXight Analytica's Interest Expense was 円-0.3 Mil. Its Operating Income was 円154.4 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2022 )/Interest Expense (A: Mar. 2022 )
=-1*154.437/-0.338
=456.91

SecondXight Analytica's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, SecondXight Analytica's Interest Expense was 円-0.1 Mil. Its Operating Income was 円35.6 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*35.621/-0.066
=539.71

* 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.


SecondXight Analytica  (TSE:5028) 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 .


SecondXight Analytica Interest Coverage Related Terms

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


SecondXight Analytica (TSE:5028) Business Description

Traded in Other Exchanges
N/A
Address
3-2-11 Nihonbashihoncho, Imon Nihonbashihoncho Building 4th Floor, Chuo-ku, Tokyo, JPN, 103-0023
SecondXight Analytica Inc is engaged in providing analytics consulting services and artificial intelligence products based on machine learning and deep learning.

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