Yokogawa Electric (FRA:YKE) Interest Coverage : 148.67 (As of Dec. 2023)

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What is Yokogawa Electric 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. Yokogawa Electric's Operating Income for the three months ended in Dec. 2023 was €157 Mil. Yokogawa Electric's Interest Expense for the three months ended in Dec. 2023 was €-1 Mil. Yokogawa Electric's interest coverage for the quarter that ended in Dec. 2023 was 148.67. 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. Yokogawa Electric Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

FRA:YKE' s Interest Coverage Range Over the Past 10 Years
Min: 16.27 Med: 57.09 Max: 104.83
Current: 66.84

FRA:YKE's Interest Coverage is ranked better than
76.85% of 2298 companies
in the Industrial Products industry
Industry Median: 13.69 vs FRA:YKE: 66.84

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

Yokogawa Electric Interest Coverage Historical Data

The historical data trend for Yokogawa Electric'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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Yokogawa Electric Interest Coverage Chart

Yokogawa Electric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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58.35

55.83

44.83

40.70

66.84

Yokogawa Electric 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															55.39	54.24	49.23	148.67	57.84

Competitive Comparison of Yokogawa Electric's Interest Coverage

For the Specialty Industrial Machinery subindustry, Yokogawa Electric'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.

Yokogawa Electric's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yokogawa Electric's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yokogawa Electric's Interest Coverage falls into.

Yokogawa Electric 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.

Yokogawa Electric'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, Yokogawa Electric's Interest Expense was €-7 Mil. Its Operating Income was €484 Mil. And its Long-Term Debt & Capital Lease Obligation was €183 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	483.892	/	-7.24
	=	66.84

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

Here, for the three months ended in Dec. 2023, Yokogawa Electric's Interest Expense was €-1 Mil. Its Operating Income was €157 Mil. And its Long-Term Debt & Capital Lease Obligation was €153 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	157.146	/	-1.057
	=	148.67

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

Yokogawa Electric (FRA:YKE) 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 .

Yokogawa Electric Interest Coverage Related Terms

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

Yokogawa Electric (FRA:YKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yokogawa Electric Corp (FRA:YKE) » Definitions » Interest Coverage

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YOKEY:USA 6841:Japan

Address

2-9-32 Nakacho, Musashino-shi, Tokyo, JPN, 180-8750

Website

http://www.yokogawa.com

Yokogawa Electric Corporation offers systems and solutions for measurement, control, and information technologies. Software, data acquisition instruments, field instruments, and other components compose a diverse product portfolio and allow the company to reach various customers involved in different end-markets. Essentially, the company helps link plant operations and corporate management. It has three business segments: industrial automation (majority of total revenue), control, test and measurement, and aviation and other businesses. In addition to its product offerings, Yokogawa offers consulting and execution services to supply customers with resources to make timely operating decisions. The majority of sales derive from Asia, with Japan being a key region for the company.

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