Alpen Co (TSE:3028) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Alpen 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. Alpen Co's Operating Income for the three months ended in Dec. 2023 was 円2,148 Mil. Alpen Co's Interest Expense for the three months ended in Dec. 2023 was 円0 Mil. Alpen Co has no debt. 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. Alpen Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

TSE:3028' s Interest Coverage Range Over the Past 10 Years
Min: 9.5 Med: 24.71 Max: 128.94
Current: 128.94

TSE:3028's Interest Coverage is ranked better than
89.08% of 760 companies
in the Retail - Cyclical industry
Industry Median: 7.755 vs TSE:3028: 128.94

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

Alpen Co Interest Coverage Historical Data

The historical data trend for Alpen 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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Alpen Co Interest Coverage Chart

Alpen Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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9.50

25.07

98.63

65.05

53.87

Alpen 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															No Debt	N/A	-	No Debt	No Debt

Competitive Comparison of Alpen Co's Interest Coverage

For the Specialty Retail subindustry, Alpen 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.

Alpen Co's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alpen Co's Interest Coverage distribution charts can be found below:

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

Alpen 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.

Alpen Co's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Alpen Co's Interest Expense was 円-94 Mil. Its Operating Income was 円5,064 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,442 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	5064	/	-94
	=	53.87

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

Here, for the three months ended in Dec. 2023, Alpen Co's Interest Expense was 円0 Mil. Its Operating Income was 円2,148 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Alpen Co had no debt ⁽¹⁾.

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

Alpen Co (TSE:3028) 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 .

Alpen Co Interest Coverage Related Terms

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

Alpen Co (TSE:3028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Alpen Co Ltd (TSE:3028) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3028:Japan

Address

Alpen Marunouchi Tower, 9-40, 2-chome, Marunouchi, Naka-ku, Nagoya-shi, Aichi, JPN, 460-8637

Website

http://www.alpen-group.jp

Alpen Co Ltd is a Japan-based specialty retailer that is primarily engaged in the production and sale of sports products. The company's products consist of sports equipment, apparel, accessories, dietary supplements, and other items. The company operates through three store formats, including Alpen, focusing on products related to winter sports; Golf 5, primarily providing golf-related sports products; Sports Depo, which offers all kinds of sporting goods. The Sports Depo accounts for around half of the company's total revenue. The company runs a nationwide retail network across Japan.

Alpen Co (TSE:3028) Headlines

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Alpen Co (TSE:3028) Interest Coverage : No Debt (1) (As of Dec. 2023)