ANA Holdings (ANA Holdings) Interest Coverage

: 13.81 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

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. ANA Holdings's Operating Income for the three months ended in Dec. 2023 was $558 Mil. ANA Holdings's Interest Expense for the three months ended in Dec. 2023 was $-40 Mil. ANA Holdings's interest coverage for the quarter that ended in Dec. 2023 was 13.81. The higher the ratio, the stronger the company's financial strength is.

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

ALNPF' s Interest Coverage Range Over the Past 10 Years
Min: 3.76 Med: 10.78 Max: 23.59
Current: 9.79

ALNPF's Interest Coverage is ranked better than
65.44% of 816 companies
in the Transportation industry
Industry Median: 5.605 vs ALNPF: 9.79

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

ANA Holdings Interest Coverage Historical Data

The historical data trend for ANA Holdings'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.

* Premium members only.

ANA Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

23.59

9.67

4.83

ANA Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																10.72	3.53	7.32	14.69	13.81

Competitive Comparison

For the Airlines subindustry, ANA Holdings'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.

ANA Holdings Interest Coverage Distribution

For the Transportation industry and Industrials sector, ANA Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ANA Holdings's Interest Coverage falls into.

ANA Holdings 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.

ANA Holdings'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, ANA Holdings's Interest Expense was $-186 Mil. Its Operating Income was $898 Mil. And its Long-Term Debt & Capital Lease Obligation was $10,460 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	897.996	/	-185.876
	=	4.83

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

Here, for the three months ended in Dec. 2023, ANA Holdings's Interest Expense was $-40 Mil. Its Operating Income was $558 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,792 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	558.245	/	-40.415
	=	13.81

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

ANA Holdings (OTCPK:ALNPF) 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 .

ANA Holdings Interest Coverage Related Terms

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

ANA Holdings (ANA Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANA Holdings Inc (OTCPK:ALNPF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ALNPY:USA 9202:Japan ANCA:Germany

Address

Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140

Website

http://www.ana.co.jp

ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

ANA Holdings (ANA Holdings) Headlines

From GuruFocus

Q2 2020 ANA Holdings Inc Earnings Presentation Transcript

By GuruFocus Research • 02-12-2024