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ES-CON JAPAN (TSE:8892) Interest Coverage : 14.89 (As of Dec. 2023)


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What is ES-CON JAPAN 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. ES-CON JAPAN's Operating Income for the three months ended in Dec. 2023 was 円8,754 Mil. ES-CON JAPAN's Interest Expense for the three months ended in Dec. 2023 was 円-588 Mil. ES-CON JAPAN's interest coverage for the quarter that ended in Dec. 2023 was 14.89. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ES-CON JAPAN's Interest Coverage or its related term are showing as below:

TSE:8892' s Interest Coverage Range Over the Past 10 Years
Min: 3.99   Med: 7.64   Max: 11.66
Current: 8.43


TSE:8892's Interest Coverage is ranked worse than
56.94% of 72 companies
in the Homebuilding & Construction industry
Industry Median: 9.11 vs TSE:8892: 8.43

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


ES-CON JAPAN Interest Coverage Historical Data

The historical data trend for ES-CON JAPAN'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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ES-CON JAPAN Interest Coverage Chart

ES-CON JAPAN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.30 11.66 7.10 8.18 8.43

ES-CON JAPAN 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.60 11.62 4.27 2.35 14.89

Competitive Comparison of ES-CON JAPAN's Interest Coverage

For the Residential Construction subindustry, ES-CON JAPAN'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.


ES-CON JAPAN's Interest Coverage Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, ES-CON JAPAN's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ES-CON JAPAN's Interest Coverage falls into.



ES-CON JAPAN 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.

ES-CON JAPAN'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, ES-CON JAPAN's Interest Expense was 円-1,999 Mil. Its Operating Income was 円16,843 Mil. And its Long-Term Debt & Capital Lease Obligation was 円190,804 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*16843/-1999
=8.43

ES-CON JAPAN's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, ES-CON JAPAN's Interest Expense was 円-588 Mil. Its Operating Income was 円8,754 Mil. And its Long-Term Debt & Capital Lease Obligation was 円190,804 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*8754/-588
=14.89

* 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.

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


ES-CON JAPAN  (TSE:8892) 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 .


ES-CON JAPAN Interest Coverage Related Terms

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


ES-CON JAPAN (TSE:8892) Business Description

Traded in Other Exchanges
N/A
Address
4-2-5 Kanda-Surugadai, 12th Floor, Try Edge Ochanomizu, Chiyoda-ku, Tokyo, JPN, 101-0062
ES-CON JAPAN Ltd. is a Japanese company engaged in real estate trading, leasing and property management and real estate planning and consulting business. The business areas of the company include hotel development, property management, condominiums and houses, real estate investment advisory and others.

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