Kinjiro Co (TSE:4013) Interest Coverage : 43.89 (As of Mar. 2024)

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What is Kinjiro 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. Kinjiro Co's Operating Income for the three months ended in Mar. 2024 was 円126 Mil. Kinjiro Co's Interest Expense for the three months ended in Mar. 2024 was 円-3 Mil. Kinjiro Co's interest coverage for the quarter that ended in Mar. 2024 was 43.89. The higher the ratio, the stronger the company's financial strength is.

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

TSE:4013' s Interest Coverage Range Over the Past 10 Years
Min: 45.54 Med: 999.71 Max: 1714.29
Current: 45.54

TSE:4013's Interest Coverage is ranked better than
56.93% of 1609 companies
in the Software industry
Industry Median: 29.36 vs TSE:4013: 45.54

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

Kinjiro Co Interest Coverage Historical Data

The historical data trend for Kinjiro 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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Kinjiro Co Interest Coverage Chart

Kinjiro Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1,011.75

1,714.29

987.66

1,397.39

45.67

Kinjiro Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial													44.59	49.36	36.53	52.30	43.89

Competitive Comparison of Kinjiro Co's Interest Coverage

For the Software - Application subindustry, Kinjiro 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.

Kinjiro Co's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Kinjiro Co's Interest Coverage distribution charts can be found below:

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

Kinjiro 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.

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

Here, for the fiscal year that ended in Dec. 2023, Kinjiro Co's Interest Expense was 円-13 Mil. Its Operating Income was 円572 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,215 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	572.165	/	-12.527
	=	45.67

Kinjiro Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Kinjiro Co's Interest Expense was 円-3 Mil. Its Operating Income was 円126 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,148 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	126.142	/	-2.874
	=	43.89

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

Kinjiro Co (TSE:4013) 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 .

Kinjiro Co Interest Coverage Related Terms

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

Kinjiro Co (TSE:4013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kinjiro Co Ltd (TSE:4013) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-14-1 Sotokanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

https://www.nittsusystem.co.jp

Kinjiro Co Ltd, formerly Nittsusystem Co Ltd is engaged in provision of cloud-based and on-premises unified ERP services for Human Resource Management solutions. The company develops and sells ERP packages centered on work; provides ASP/SaaS services; Health x Life Development and sales of portal system; develops and sells of labor cost management system; hardware such as work terminals; and provides consulting to system construction and support. Its products include Kujiro Enterprise series; Work solutions, HR solutions, Payroll solutions, Healthcare solutions, Labor cost management system; and Employment information terminal.

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