Autoserver Co (TSE:5589) Interest Coverage : 125.29 (As of Dec. 2023)

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What is Autoserver 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. Autoserver Co's Operating Income for the three months ended in Dec. 2023 was 円483 Mil. Autoserver Co's Interest Expense for the three months ended in Dec. 2023 was 円-4 Mil. Autoserver Co's interest coverage for the quarter that ended in Dec. 2023 was 125.29. 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. Autoserver Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:5589' s Interest Coverage Range Over the Past 10 Years
Min: 119.54 Med: 130.14 Max: 130.22
Current: 128.89

TSE:5589's Interest Coverage is ranked better than
90.66% of 1038 companies
in the Vehicles & Parts industry
Industry Median: 7.695 vs TSE:5589: 128.89

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

Autoserver Co Interest Coverage Historical Data

The historical data trend for Autoserver 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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Autoserver Co Interest Coverage Chart

Autoserver Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

130.14

119.54

130.22

Autoserver Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23
Interest Coverage	No Debt	No Debt	No Debt	132.19	125.29

Competitive Comparison of Autoserver Co's Interest Coverage

For the Auto & Truck Dealerships subindustry, Autoserver 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.

Autoserver Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autoserver Co's Interest Coverage distribution charts can be found below:

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

Autoserver 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.

Autoserver Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Autoserver Co's Interest Expense was 円-16 Mil. Its Operating Income was 円2,110 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2110.002	/	-16.203
	=	130.22

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

Here, for the three months ended in Dec. 2023, Autoserver Co's Interest Expense was 円-4 Mil. Its Operating Income was 円483 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	483.26	/	-3.857
	=	125.29

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

Autoserver Co (TSE:5589) 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 .

Autoserver Co Interest Coverage Related Terms

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

Autoserver Co (TSE:5589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autoserver Co Ltd (TSE:5589) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-8 Harumi, Triton Square Office Tower W Building 14th floor, Chuo-ku, Tokyo, JPN, 104-0053

Website

https://www.autoserver.co.jp

Autoserver Co Ltd is engaged in used car auction agency service and brokerage service for used car dealers on the website. The used car distribution platform ASNET operated by the company is a used car distribution web service that can be used by used car dealers and automobile-related businesses with no membership fee or monthly membership fee.

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