Citizen Watch Co (Citizen Watch Co) Interest Coverage : 167.26 (As of Dec. 2023)

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What is Citizen Watch 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. Citizen Watch Co's Operating Income for the three months ended in Dec. 2023 was $69 Mil. Citizen Watch Co's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Citizen Watch Co's interest coverage for the quarter that ended in Dec. 2023 was 167.26. The higher the ratio, the stronger the company's financial strength is.

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

CHCLY' s Interest Coverage Range Over the Past 10 Years
Min: 15.11 Med: 53.89 Max: 83.36
Current: 83.36

CHCLY's Interest Coverage is ranked better than
86.01% of 393 companies
in the Conglomerates industry
Industry Median: 5.1 vs CHCLY: 83.36

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

Citizen Watch Co Interest Coverage Historical Data

The historical data trend for Citizen Watch 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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Citizen Watch Co Interest Coverage Chart

Citizen Watch Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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57.91

15.11

75.77

79.82

Citizen Watch 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															117.39	34.74	80.27	74.18	167.26

Competitive Comparison of Citizen Watch Co's Interest Coverage

For the Conglomerates subindustry, Citizen Watch 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.

Citizen Watch Co's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Citizen Watch Co's Interest Coverage distribution charts can be found below:

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

Citizen Watch 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.

Citizen Watch 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, Citizen Watch Co's Interest Expense was $-2 Mil. Its Operating Income was $177 Mil. And its Long-Term Debt & Capital Lease Obligation was $419 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	177.37	/	-2.222
	=	79.82

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

Here, for the three months ended in Dec. 2023, Citizen Watch Co's Interest Expense was $-0 Mil. Its Operating Income was $69 Mil. And its Long-Term Debt & Capital Lease Obligation was $481 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	68.578	/	-0.41
	=	167.26

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

Citizen Watch Co (OTCPK:CHCLY) 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 .

Citizen Watch Co Interest Coverage Related Terms

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

Citizen Watch Co (Citizen Watch Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Citizen Watch Co Ltd (OTCPK:CHCLY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

7762:Japan CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

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