Kokuyo Co (TSE:7984) Interest Coverage : 216.02 (As of Mar. 2024)

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What is Kokuyo 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. Kokuyo Co's Operating Income for the three months ended in Mar. 2024 was 円11,665 Mil. Kokuyo Co's Interest Expense for the three months ended in Mar. 2024 was 円-54 Mil. Kokuyo Co's interest coverage for the quarter that ended in Mar. 2024 was 216.02. 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. Kokuyo Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:7984' s Interest Coverage Range Over the Past 10 Years
Min: 16.13 Med: 68.38 Max: 124.01
Current: 124.01

TSE:7984's Interest Coverage is ranked better than
82.85% of 2298 companies
in the Industrial Products industry
Industry Median: 13.69 vs TSE:7984: 124.01

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

Kokuyo Co Interest Coverage Historical Data

The historical data trend for Kokuyo 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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Kokuyo Co Interest Coverage Chart

Kokuyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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67.24

69.52

114.97

104.52

122.84

Kokuyo 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															220.80	78.65	102.74	94.39	216.02

Competitive Comparison of Kokuyo Co's Interest Coverage

For the Business Equipment & Supplies subindustry, Kokuyo 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.

Kokuyo Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kokuyo Co's Interest Coverage distribution charts can be found below:

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

Kokuyo 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.

Kokuyo 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, Kokuyo Co's Interest Expense was 円-194 Mil. Its Operating Income was 円23,831 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	*	23831	/	-194
	=	122.84

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

Here, for the three months ended in Mar. 2024, Kokuyo Co's Interest Expense was 円-54 Mil. Its Operating Income was 円11,665 Mil. And its Long-Term Debt & Capital Lease Obligation was 円179 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11665	/	-54
	=	216.02

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

Kokuyo Co (TSE:7984) 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 .

Kokuyo Co Interest Coverage Related Terms

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

Kokuyo Co (TSE:7984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kokuyo Co Ltd (TSE:7984) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KOK:Germany

Address

6-1-1 Oimazato-Minami, Higashinari-ku, Osaka, JPN, 537-8686

Website

https://www.kokuyo.co.jp

Kokuyo Co Ltd is engaged in the manufacture, purchase, and sale of stationery, office furniture, and store utensils for retail businesses, as well as space design and consultation. The company operates through segments: stationery, furniture, and mail-order and retail. The stationery business provides stationery in Japan and other regions such as Vietnam, China, and India. The furniture business consists of the production and sale of office furniture, store fixtures, and furniture for public and commercial spaces. The mail-order and retail business provides mail-order services for individuals and retail and wholesale businesses, along with electronic purchasing systems and operation of information sites.

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