JGC Holdings (JGC Holdings) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. JGC Holdings's Operating Income for the three months ended in Dec. 2023 was $-26 Mil. JGC Holdings's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

JGCCY' s Interest Coverage Range Over the Past 10 Years
Min: 16.63 Med: 65.65 Max: 211.31
Current: 16.63

JGCCY's Interest Coverage is ranked better than
64.9% of 1262 companies
in the Construction industry
Industry Median: 7.36 vs JGCCY: 16.63

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

JGC Holdings Interest Coverage Historical Data

The historical data trend for JGC 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.

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JGC Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

59.31

108.76

127.11

49.37

31.58

JGC 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																20.64	38.06	29.72	10.33	-

Competitive Comparison

For the Engineering & Construction subindustry, JGC 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.

JGC Holdings Interest Coverage Distribution

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

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

JGC 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.

JGC 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, JGC Holdings's Interest Expense was $-9 Mil. Its Operating Income was $275 Mil. And its Long-Term Debt & Capital Lease Obligation was $179 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	274.561	/	-8.693
	=	31.58

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

Here, for the three months ended in Dec. 2023, JGC Holdings's Interest Expense was $-2 Mil. Its Operating Income was $-26 Mil. And its Long-Term Debt & Capital Lease Obligation was $240 Mil.

JGC Holdings did not have earnings to cover the interest expense.

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

JGC Holdings (OTCPK:JGCCY) 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 .

JGC Holdings Interest Coverage Related Terms

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JGC Holdings (JGC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » JGC Holdings Corp (OTCPK:JGCCY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

1963:Japan VJC:Germany

Address

2-3-1, Minato Mirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001

Website

http://www.jgc.com

JGC Holdings Corp offers planning, consulting, materials procurement, construction, operation, and maintenance for various plants and facilities. In addition, it invests in oil and gas field development projects and utility businesses. The company has two operating segments: total engineering the (majority of total revenue); and catalysts and fine products. It constructs and performs tests on machinery and plants for multiple energy and industrial markets. The company utilizes engineering technology and project management capabilities. Additional sales are generated from providing operational support after completion of projects. Asia is an important region for the company, but the company also sells to Australia, the Middle East, and North America.