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Fujimori Kogyo Co (FRA:FJ3) Interest Coverage : 355.80 (As of Dec. 2023)


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What is Fujimori Kogyo 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. Fujimori Kogyo Co's Operating Income for the three months ended in Dec. 2023 was €16.0 Mil. Fujimori Kogyo Co's Interest Expense for the three months ended in Dec. 2023 was €-0.0 Mil. Fujimori Kogyo Co's interest coverage for the quarter that ended in Dec. 2023 was 355.80. 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. Fujimori Kogyo Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

FRA:FJ3' s Interest Coverage Range Over the Past 10 Years
Min: 114.3   Med: 224.45   Max: 574.56
Current: 114.3


FRA:FJ3's Interest Coverage is ranked better than
89.94% of 308 companies
in the Packaging & Containers industry
Industry Median: 6.925 vs FRA:FJ3: 114.30

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


Fujimori Kogyo Co Interest Coverage Historical Data

The historical data trend for Fujimori Kogyo 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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Fujimori Kogyo Co Interest Coverage Chart

Fujimori Kogyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 170.36 446.56 573.86 128.06 114.37

Fujimori Kogyo 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.21 207.34 200.25 355.80 41.75

Competitive Comparison of Fujimori Kogyo Co's Interest Coverage

For the Packaging & Containers subindustry, Fujimori Kogyo 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.


Fujimori Kogyo Co's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Fujimori Kogyo Co's Interest Coverage distribution charts can be found below:

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



Fujimori Kogyo 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.

Fujimori Kogyo 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, Fujimori Kogyo Co's Interest Expense was €-0.4 Mil. Its Operating Income was €51.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*51.238/-0.448
=114.37

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

Here, for the three months ended in Dec. 2023, Fujimori Kogyo Co's Interest Expense was €-0.0 Mil. Its Operating Income was €16.0 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*16.011/-0.045
=355.80

* 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.

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


Fujimori Kogyo Co  (FRA:FJ3) 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 .


Fujimori Kogyo Co Interest Coverage Related Terms

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Fujimori Kogyo Co (FRA:FJ3) Business Description

Traded in Other Exchanges
Address
1-23-7 Nishi-Shinjuku, 10th Floor, Shinjuku First West, Shinjuku-ku, Tokyo, JPN, 160-0023
Fujimori Kogyo Co Ltd is involved in the business of manufacturing and sale of optoelectronics, electronics, medical and pharmaceutical products, daily commodities and foods and distribution. The company sells and promotes its products under the brand name of Zacros. Its products include release film, adhesive film, single-use bags, refillable self-standing pouch, packaging materials, collapsible liquid container.

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