Aoyama Trading Co (TSE:8219) Interest Coverage : 34.02 (As of Dec. 2023)

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What is Aoyama Trading 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. Aoyama Trading Co's Operating Income for the three months ended in Dec. 2023 was 円2,994 Mil. Aoyama Trading Co's Interest Expense for the three months ended in Dec. 2023 was 円-88 Mil. Aoyama Trading Co's interest coverage for the quarter that ended in Dec. 2023 was 34.02. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8219' s Interest Coverage Range Over the Past 10 Years
Min: 2.96 Med: 155.47 Max: 317.13
Current: 28.92

TSE:8219's Interest Coverage is ranked better than
74.77% of 761 companies
in the Retail - Cyclical industry
Industry Median: 7.78 vs TSE:8219: 28.92

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

Aoyama Trading Co Interest Coverage Historical Data

The historical data trend for Aoyama Trading 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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Aoyama Trading Co Interest Coverage Chart

Aoyama Trading Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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119.91

2.96

6.27

19.75

Aoyama Trading Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															28.99	51.94	23.20	-	34.02

Competitive Comparison of Aoyama Trading Co's Interest Coverage

For the Apparel Retail subindustry, Aoyama Trading 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.

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

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

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

Aoyama Trading 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.

Aoyama Trading 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, Aoyama Trading Co's Interest Expense was 円-360 Mil. Its Operating Income was 円7,111 Mil. And its Long-Term Debt & Capital Lease Obligation was 円67,208 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	7111	/	-360
	=	19.75

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

Here, for the three months ended in Dec. 2023, Aoyama Trading Co's Interest Expense was 円-88 Mil. Its Operating Income was 円2,994 Mil. And its Long-Term Debt & Capital Lease Obligation was 円42,817 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2994	/	-88
	=	34.02

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

Aoyama Trading Co (TSE:8219) 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 .

Aoyama Trading Co Interest Coverage Related Terms

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

Aoyama Trading Co (TSE:8219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Aoyama Trading Co Ltd (TSE:8219) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-5 Ojimachi, Hiroshima Prefecture, Fukuyama, JPN, 721-8556

Website

http://www.aoyama-syouji.co.jp

Aoyama Trading Co Ltd is an apparel retailer specializing in business wear. Men's business wear accounts for roughly two thirds of the company's total sales, while women's business wear accounts for roughly 10%. Business wear stores include Yofuku-no-Aoyama, which is the company's primary brand and has nearly 800 locations; The Suit Company; and Next Blue. Other business segments include casual wear, with store brands including Universal Language and Calaja; credit cards; printing and media; and total repair service, which includes the company's Mister Minit stores, providing repair services such as shoe repair and key duplication. Aoyama's sales are primarily in Japan, but the firm has business throughout the Asia-Pacific region.

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