Japan Insulation Co (TSE:5368) Interest Coverage : 222.74 (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's Operating Income for the three months ended in Dec. 2023 was 円344 Mil. Japan Insulation Co's Interest Expense for the three months ended in Dec. 2023 was 円-2 Mil. Japan Insulation Co's interest coverage for the quarter that ended in Dec. 2023 was 222.74. 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. Japan Insulation Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:5368' s Interest Coverage Range Over the Past 10 Years
Min: 55.24 Med: 164.93 Max: 288.6
Current: 284.39

TSE:5368's Interest Coverage is ranked better than
89.17% of 2300 companies
in the Industrial Products industry
Industry Median: 13.58 vs TSE:5368: 284.39

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

Japan Insulation Co Interest Coverage Historical Data

The historical data trend for Japan Insulation 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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Japan Insulation Co Interest Coverage Chart

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

74.50

135.64

245.91

288.60

194.21

Japan Insulation Co Quarterly Data
	Mar18	Mar19	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														104.70	361.43	178.01	442.01	222.74

Competitive Comparison of Japan Insulation Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Japan Insulation 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.

Japan Insulation Co's Interest Coverage Distribution in the Industrial Products Industry

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

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

Japan Insulation 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.

Japan Insulation 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, Japan Insulation Co's Interest Expense was 円-6 Mil. Its Operating Income was 円1,145 Mil. And its Long-Term Debt & Capital Lease Obligation was 円381 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1145.449	/	-5.898
	=	194.21

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

Here, for the three months ended in Dec. 2023, Japan Insulation Co's Interest Expense was 円-2 Mil. Its Operating Income was 円344 Mil. And its Long-Term Debt & Capital Lease Obligation was 円441 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	344.351	/	-1.546
	=	222.74

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

Japan Insulation Co (TSE:5368) 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 .

Japan Insulation Co Interest Coverage Related Terms

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

Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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