Chiyoda Co (TSE:8185) Interest Coverage : 392.50 (As of Nov. 2023)

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What is Chiyoda 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. Chiyoda Co's Operating Income for the three months ended in Nov. 2023 was 円785 Mil. Chiyoda Co's Interest Expense for the three months ended in Nov. 2023 was 円-2 Mil. Chiyoda Co's interest coverage for the quarter that ended in Nov. 2023 was 392.50. 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. Chiyoda Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:8185' s Interest Coverage Range Over the Past 10 Years
Min: 59.75 Med: 184.35 Max: 234.43
Current: 134.5

TSE:8185's Interest Coverage is ranked better than
88.57% of 761 companies
in the Retail - Cyclical industry
Industry Median: 7.8 vs TSE:8185: 134.50

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

Chiyoda Co Interest Coverage Historical Data

The historical data trend for Chiyoda 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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Chiyoda Co Interest Coverage Chart

Chiyoda Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

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Feb20

Feb21

Feb22

Feb23

Feb24

Interest Coverage

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134.50

Chiyoda Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															-	756.00	-	392.50	-

Competitive Comparison of Chiyoda Co's Interest Coverage

For the Apparel Retail subindustry, Chiyoda 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.

Chiyoda Co's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chiyoda Co's Interest Coverage distribution charts can be found below:

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

Chiyoda 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.

Chiyoda Co's Interest Coverage for the fiscal year that ended in Feb. 2024 is calculated as

Here, for the fiscal year that ended in Feb. 2024, Chiyoda Co's Interest Expense was 円-8 Mil. Its Operating Income was 円1,076 Mil. And its Long-Term Debt & Capital Lease Obligation was 円756 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2024 )	/	Interest Expense (A: Feb. 2024 )
	=	-1	*	1076	/	-8
	=	134.50

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

Here, for the three months ended in Nov. 2023, Chiyoda Co's Interest Expense was 円-2 Mil. Its Operating Income was 円785 Mil. And its Long-Term Debt & Capital Lease Obligation was 円822 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	785	/	-2
	=	392.50

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

Chiyoda Co (TSE:8185) 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 .

Chiyoda Co Interest Coverage Related Terms

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

Chiyoda Co (TSE:8185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chiyoda Co Ltd (TSE:8185) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-39-8 Narita-Higashi, Sunginami-ku, Tokyo, JPN, 166-8506

Website

http://www.chiyodagrp.co.jp

Chiyoda Co Ltd operates shoe and clothing retail stores in Japan. The shoe segment accounts for roughly three fourths of total company revenue. Chiyoda has more than 1,000 shoe stores, which sell both private-label and national brands and operate primarily under the names Shoe Plaza and Tokyo Shoes Retailing Center. Most of Chiyoda's shoe sales are in the athletic footwear, adult men's, and adult women's categories. The remaining sales are in the clothing segment, where the company operates nearly 500 stores, primarily under the Mac-House brand name.

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