Itochu Enex Co (TSE:8133) Interest Coverage : 14.70 (As of Mar. 2024)

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What is Itochu Enex 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. Itochu Enex Co's Operating Income for the three months ended in Mar. 2024 was 円2,617 Mil. Itochu Enex Co's Interest Expense for the three months ended in Mar. 2024 was 円-178 Mil. Itochu Enex Co's interest coverage for the quarter that ended in Mar. 2024 was 14.70. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8133' s Interest Coverage Range Over the Past 10 Years
Min: 16.91 Med: 19.83 Max: 27.43
Current: 27.43

TSE:8133's Interest Coverage is ranked better than
75.2% of 758 companies
in the Oil & Gas industry
Industry Median: 6.575 vs TSE:8133: 27.43

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

Itochu Enex Co Interest Coverage Historical Data

The historical data trend for Itochu Enex 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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Itochu Enex Co Interest Coverage Chart

Itochu Enex Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

17.48

19.36

21.67

24.48

27.43

Itochu Enex 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															16.06	21.34	30.76	46.75	14.70

Competitive Comparison of Itochu Enex Co's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Itochu Enex 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.

Itochu Enex Co's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Itochu Enex Co's Interest Coverage distribution charts can be found below:

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

Itochu Enex 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.

Itochu Enex 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, Itochu Enex Co's Interest Expense was 円-691 Mil. Its Operating Income was 円18,952 Mil. And its Long-Term Debt & Capital Lease Obligation was 円48,292 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	18952	/	-691
	=	27.43

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

Here, for the three months ended in Mar. 2024, Itochu Enex Co's Interest Expense was 円-178 Mil. Its Operating Income was 円2,617 Mil. And its Long-Term Debt & Capital Lease Obligation was 円48,292 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2617	/	-178
	=	14.70

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

Itochu Enex Co (TSE:8133) 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 .

Itochu Enex Co Interest Coverage Related Terms

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

Itochu Enex Co (TSE:8133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Itochu Enex Co Ltd (TSE:8133) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

96P:Germany

Address

3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-6028

Website

http://www.itcenex.com

Itochu Enex Co Ltd is a Japan-based energy provider that operates through a host of businesses. The company's operations are divided into the following segments: home-life, power and utility, car-life, and energy trade. Through these businesses, Itochu supplies its customer base in Japan with LP gas and town gas for homes and businesses. The company also sells a range of automotive fuels through its car-life stations. Alongside the car-life stations, under the car-life Division, Itochu Enex houses a car dealer and credit card business. Through separate divisions, the company operates electric-power-related and heat-supply businesses, along with selling a variety of petroleum products for industrial and marine use.

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