Osaka Gas Co (Osaka Gas Co) Interest Coverage : 12.21 (As of Dec. 2023)

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What is Osaka Gas 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. Osaka Gas Co's Operating Income for the three months ended in Dec. 2023 was $305 Mil. Osaka Gas Co's Interest Expense for the three months ended in Dec. 2023 was $-25 Mil. Osaka Gas Co's interest coverage for the quarter that ended in Dec. 2023 was 12.21. The higher the ratio, the stronger the company's financial strength is.

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

OSGSY' s Interest Coverage Range Over the Past 10 Years
Min: 4.56 Med: 9.83 Max: 14.8
Current: 14.8

OSGSY's Interest Coverage is ranked better than
81% of 442 companies
in the Utilities - Regulated industry
Industry Median: 3.695 vs OSGSY: 14.80

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

Osaka Gas Co Interest Coverage Historical Data

The historical data trend for Osaka Gas 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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Osaka Gas Co Interest Coverage Chart

Osaka Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

6.71

6.87

10.15

9.54

4.56

Osaka Gas 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															8.62	19.33	21.39	6.32	12.21

Competitive Comparison of Osaka Gas Co's Interest Coverage

For the Utilities - Regulated Gas subindustry, Osaka Gas 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.

Osaka Gas Co's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Osaka Gas Co's Interest Coverage distribution charts can be found below:

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

Osaka Gas 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.

Osaka Gas 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, Osaka Gas Co's Interest Expense was $-99 Mil. Its Operating Income was $449 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,071 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	448.901	/	-98.508
	=	4.56

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

Here, for the three months ended in Dec. 2023, Osaka Gas Co's Interest Expense was $-25 Mil. Its Operating Income was $305 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,830 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	305.324	/	-24.996
	=	12.21

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

Osaka Gas Co (OTCPK:OSGSY) 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 .

Osaka Gas Co Interest Coverage Related Terms

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

Osaka Gas Co (Osaka Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Osaka Gas Co Ltd (OTCPK:OSGSY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

9532:Japan

Address

4-1-2, Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.osakagas.co.jp

Osaka Gas Co Ltd is a Japanese utility company involved in the production and supply of natural gas and electricity. Osaka Gas segments its operations into: Gas; LPG, Electricity, and Other Energy; International Energy; and Life and Business Solutions units. The company's total revenue generation is mainly split between its Gas and LPG, Electricity, and Other Energy divisions. The Gas business produces, supplies, and markets city gas to mostly industrial and residential customers in the Kansai region of Japan. Osaka Gas' LPG, Electricity, and Other Energy business generates and sells electricity and liquefied petroleum gas to consumers both inside and outside Japan. To do this, the company operates an international portfolio of natural gas-fired thermal, solar, and wind power plants.

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