Mitsubishi Gas Chemical Co (Mitsubishi Gas Chemical Co) Interest Coverage : 26.20 (As of Dec. 2023)

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What is Mitsubishi Gas Chemical 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. Mitsubishi Gas Chemical Co's Operating Income for the three months ended in Dec. 2023 was $115 Mil. Mitsubishi Gas Chemical Co's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Mitsubishi Gas Chemical Co's interest coverage for the quarter that ended in Dec. 2023 was 26.20. The higher the ratio, the stronger the company's financial strength is.

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

MBGCF' s Interest Coverage Range Over the Past 10 Years
Min: 3.84 Med: 33.95 Max: 64.52
Current: 15.96

MBGCF's Interest Coverage is ranked better than
60.8% of 1181 companies
in the Chemicals industry
Industry Median: 9.74 vs MBGCF: 15.96

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

Mitsubishi Gas Chemical Co Interest Coverage Historical Data

The historical data trend for Mitsubishi Gas Chemical 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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Mitsubishi Gas Chemical Co Interest Coverage Chart

Mitsubishi Gas Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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40.66

35.39

55.64

64.52

28.10

Mitsubishi Gas Chemical 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															23.99	7.29	10.54	17.09	26.20

Competitive Comparison of Mitsubishi Gas Chemical Co's Interest Coverage

For the Specialty Chemicals subindustry, Mitsubishi Gas Chemical 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.

Mitsubishi Gas Chemical Co's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Gas Chemical Co's Interest Coverage distribution charts can be found below:

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

Mitsubishi Gas Chemical 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.

Mitsubishi Gas Chemical 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, Mitsubishi Gas Chemical Co's Interest Expense was $-13 Mil. Its Operating Income was $367 Mil. And its Long-Term Debt & Capital Lease Obligation was $733 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	366.814	/	-13.055
	=	28.10

Mitsubishi Gas Chemical Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Mitsubishi Gas Chemical Co's Interest Expense was $-4 Mil. Its Operating Income was $115 Mil. And its Long-Term Debt & Capital Lease Obligation was $671 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	114.98	/	-4.389
	=	26.20

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

Mitsubishi Gas Chemical Co (OTCPK:MBGCF) 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 .

Mitsubishi Gas Chemical Co Interest Coverage Related Terms

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

Mitsubishi Gas Chemical Co (Mitsubishi Gas Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (OTCPK:MBGCF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

4182:Japan MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

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