Maruwa Co (TSE:5344) Interest Coverage : 5,744.00 (As of Dec. 2023)

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What is Maruwa 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. Maruwa Co's Operating Income for the three months ended in Dec. 2023 was 円5,744 Mil. Maruwa Co's Interest Expense for the three months ended in Dec. 2023 was 円-1 Mil. Maruwa Co's interest coverage for the quarter that ended in Dec. 2023 was 5,744.00. 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. Maruwa Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:5344' s Interest Coverage Range Over the Past 10 Years
Min: 177.47 Med: 3903.31 Max: 1310578.29
Current: 19802

TSE:5344's Interest Coverage is ranked better than
99.94% of 1590 companies
in the Hardware industry
Industry Median: 12.55 vs TSE:5344: 19802.00

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

Maruwa Co Interest Coverage Historical Data

The historical data trend for Maruwa 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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Maruwa Co Interest Coverage Chart

Maruwa Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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30,642.00

1,708.17

2,602.29

4,028.40

19,802.00

Maruwa 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															4,103.00	N/A	N/A	5,744.00	No Debt

Competitive Comparison of Maruwa Co's Interest Coverage

For the Electronic Components subindustry, Maruwa 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.

Maruwa Co's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maruwa Co's Interest Coverage distribution charts can be found below:

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

Maruwa 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.

Maruwa 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, Maruwa Co's Interest Expense was 円-1 Mil. Its Operating Income was 円19,802 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	19802	/	-1
	=	19,802.00

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

Here, for the three months ended in Dec. 2023, Maruwa Co's Interest Expense was 円-1 Mil. Its Operating Income was 円5,744 Mil. And its Long-Term Debt & Capital Lease Obligation was 円400 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5744	/	-1
	=	5,744.00

The higher the ratio, the stronger the company's Financial Strength is.

Maruwa Co (TSE:5344) 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 .

Maruwa Co Interest Coverage Related Terms

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

Maruwa Co (TSE:5344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maruwa Co Ltd (TSE:5344) » Definitions » Interest Coverage

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Traded in Other Exchanges

MAW:UK

Address

3-83, Minamihonjigahara-cho, Aichi, Owariasahi, JPN, 488-0044

Website

http://www.maruwa-g.com

Maruwa Co Ltd engages in production and sale of ceramics and electronics parts. The company operates in four business divisions namely Ceramics that produces ceramic substrates, designs, and patterns circuit on substrates, processes components mounting, Electronic Components/Devices that produce radio frequency components or devices such as EMI filters, magnetic sheets, inductors, and EMC components, Quartz Glass that produces quartz glass products, including quartz boats and tubes for semiconductor industry, multi-walled piping burner for optical fiber, and machined products, and Light-Emitting Diode that produces light-emitting diode lighting fixtures including street lighting, lighting for interior and high ceiling.

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