Shizuoka Gas Co (TSE:9543) Interest Coverage : 78.17 (As of Mar. 2024)

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What is Shizuoka Gas 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. Shizuoka Gas Co's Operating Income for the three months ended in Mar. 2024 was 円2,736 Mil. Shizuoka Gas Co's Interest Expense for the three months ended in Mar. 2024 was 円-35 Mil. Shizuoka Gas Co's interest coverage for the quarter that ended in Mar. 2024 was 78.17. The higher the ratio, the stronger the company's financial strength is.

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

TSE:9543' s Interest Coverage Range Over the Past 10 Years
Min: 15.81 Med: 54.76 Max: 119.09
Current: 46.34

TSE:9543's Interest Coverage is ranked better than
91.91% of 445 companies
in the Utilities - Regulated industry
Industry Median: 3.77 vs TSE:9543: 46.34

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

Shizuoka Gas Co Interest Coverage Historical Data

The historical data trend for Shizuoka Gas 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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Shizuoka Gas Co Interest Coverage Chart

Shizuoka Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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66.54

75.87

68.36

95.89

119.09

Shizuoka Gas 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															431.28	96.36	40.42	-	78.17

Competitive Comparison of Shizuoka Gas Co's Interest Coverage

For the Utilities - Regulated Gas subindustry, Shizuoka Gas 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.

Shizuoka Gas Co's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shizuoka Gas Co's Interest Coverage distribution charts can be found below:

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

Shizuoka Gas 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.

Shizuoka Gas 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, Shizuoka Gas Co's Interest Expense was 円-154 Mil. Its Operating Income was 円18,340 Mil. And its Long-Term Debt & Capital Lease Obligation was 円17,233 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	18340	/	-154
	=	119.09

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

Here, for the three months ended in Mar. 2024, Shizuoka Gas Co's Interest Expense was 円-35 Mil. Its Operating Income was 円2,736 Mil. And its Long-Term Debt & Capital Lease Obligation was 円16,887 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2736	/	-35
	=	78.17

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

Shizuoka Gas Co (TSE:9543) 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 .

Shizuoka Gas Co Interest Coverage Related Terms

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

Shizuoka Gas Co (TSE:9543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shizuoka Gas Co Ltd (TSE:9543) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-38 Yawata, Suruga-ku, Shizuoka, JPN, 422-8688

Website

http://www.shizuokagas.co.jp

Shizuoka Gas Co Ltd, or Shizgas, is a Japanese electric power and gas company. Shizgas is primarily involved in the distribution of city gas through its pipeline network to Japanese municipalities between Tokyo and Nagoya along the coastline of the Pacific Ocean near Mount Fuji. The company segments its operations into gas, LPG, and other energy services, and other businesses units. Shizuoka Gas derives the vast majority of its revenue from sales of natural gas. The company's customers are mainly split between wholesale and industrial consumers in terms of sales volume. Shizuoka Gas also generates revenue from the sale of liquefied natural gas that it imports from overseas, utility facility construction, and natural gas piping installations in Japan.

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