Halmek holdings Co (TSE:7119) Interest Coverage : 106.00 (As of Dec. 2023)

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What is Halmek holdings 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. Halmek holdings Co's Operating Income for the three months ended in Dec. 2023 was 円954 Mil. Halmek holdings Co's Interest Expense for the three months ended in Dec. 2023 was 円-9 Mil. Halmek holdings Co's interest coverage for the quarter that ended in Dec. 2023 was 106.00. The higher the ratio, the stronger the company's financial strength is.

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

TSE:7119' s Interest Coverage Range Over the Past 10 Years
Min: 7.3 Med: 9.77 Max: 12.24
Current: 8.16

TSE:7119's Interest Coverage is ranked better than
58.69% of 397 companies
in the Conglomerates industry
Industry Median: 5.12 vs TSE:7119: 8.16

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

Halmek holdings Co Interest Coverage Historical Data

The historical data trend for Halmek holdings 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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Halmek holdings Co Interest Coverage Chart

Halmek holdings Co Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

N/A

7.30

12.24

Halmek holdings Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial				32.32	-	4.61	12.56	106.00

Competitive Comparison of Halmek holdings Co's Interest Coverage

For the Conglomerates subindustry, Halmek holdings 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.

Halmek holdings Co's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Halmek holdings Co's Interest Coverage distribution charts can be found below:

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

Halmek holdings 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.

Halmek holdings Co's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Halmek holdings Co's Interest Expense was 円-166 Mil. Its Operating Income was 円2,032 Mil. And its Long-Term Debt & Capital Lease Obligation was 円4,896 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	2032	/	-166
	=	12.24

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

Here, for the three months ended in Dec. 2023, Halmek holdings Co's Interest Expense was 円-9 Mil. Its Operating Income was 円954 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,006 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	954	/	-9
	=	106.00

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

Halmek holdings Co (TSE:7119) 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 .

Halmek holdings Co Interest Coverage Related Terms

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

Halmek holdings Co (TSE:7119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Halmek holdings Co Ltd (TSE:7119) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-1 Kagurazaka, Shinjuku-ku, Tokyo, JPN, 162-0825

Website

https://www.halmek-holdings.co.jp

Halmek holdings Co Ltd is engaged in various businesses. The company believes that its mission is to help women live positively and happily in their lives. its business includes content business, Store business, Mail order business, consulting and advertising agency business, and healthcare business. The content business includes a wide range of content such as magazines, websites, courses, and events. The mail-order business includes the needs and concerns of consumers and offers a variety of products that respond to changes in mind, body, and lifestyle that come with age. The company's products and services include Halmek Health and Life, Magazine Halmek, CRM consulting, mail order startup, and mail order startup.

Halmek holdings Co (TSE:7119) Headlines

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