Electric Power Development Co (TSE:9513) Interest Coverage : 4.91 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Electric Power Development 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. Electric Power Development Co's Operating Income for the three months ended in Dec. 2023 was 円38,728 Mil. Electric Power Development Co's Interest Expense for the three months ended in Dec. 2023 was 円-7,893 Mil. Electric Power Development Co's interest coverage for the quarter that ended in Dec. 2023 was 4.91. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Electric Power Development Co Ltd interest coverage is 3.42, which is low.

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

TSE:9513' s Interest Coverage Range Over the Past 10 Years
Min: 2.58 Med: 3.23 Max: 6.72
Current: 3.42

TSE:9513's Interest Coverage is ranked better than
53.35% of 328 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.145 vs TSE:9513: 3.42

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

Electric Power Development Co Interest Coverage Historical Data

The historical data trend for Electric Power Development 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.

* Premium members only.

Electric Power Development Co Interest Coverage Chart

Electric Power Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

3.18

3.28

3.88

6.72

3.42

Electric Power Development 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															3.10	3.53	2.26	4.91	2.99

Competitive Comparison of Electric Power Development Co's Interest Coverage

For the Utilities - Renewable subindustry, Electric Power Development 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.

Electric Power Development Co's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Electric Power Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Electric Power Development Co's Interest Coverage falls into.

Electric Power Development 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.

Electric Power Development 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, Electric Power Development Co's Interest Expense was 円-30,937 Mil. Its Operating Income was 円105,704 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,662,600 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	105704	/	-30937
	=	3.42

Electric Power Development Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Electric Power Development Co's Interest Expense was 円-7,893 Mil. Its Operating Income was 円38,728 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,641,854 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	38728	/	-7893
	=	4.91

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

Electric Power Development Co (TSE:9513) 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 .

Electric Power Development Co Interest Coverage Related Terms

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

Electric Power Development Co (TSE:9513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electric Power Development Co Ltd (TSE:9513) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

EPWDF:USA

Address

15-1,Ginza 6-Chome, Chuo-ku, Tokyo, JPN, 104-8165

Website

http://www.jpower.co.jp

Electric Power Development Co., Ltd. which operates under the brand J-POWER, is a Japanese electric utility company involved in the generation, transmission, distribution, and retail sale of energy. The company operates a portfolio of hydroelectric, wind, nuclear, geothermal, and thermal power plants located primarily throughout Japan, but also elsewhere in Southeast Asia and North America. While most of Electric Power Development's power generating facilities are hydroelectric, the company's total electric power production can be divided fairly evenly between its thermal and hydroelectric sites. Electric Power Development generates almost all of its revenue from its electric utility operations, which primarily comprise the sale of energy from its thermal power plants.

Electric Power Development Co (TSE:9513) Headlines

No Headlines