Yamazaki Baking Co (Yamazaki Baking Co) Interest Coverage

: 71.92 (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. Yamazaki Baking Co's Operating Income for the three months ended in Dec. 2023 was $98 Mil. Yamazaki Baking Co's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Yamazaki Baking Co's interest coverage for the quarter that ended in Dec. 2023 was 71.92. The higher the ratio, the stronger the company's financial strength is.

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

YMZBY' s Interest Coverage Range Over the Past 10 Years
Min: 14.85 Med: 29.53 Max: 56.71
Current: 56.71

YMZBY's Interest Coverage is ranked better than
79.96% of 1377 companies
in the Consumer Packaged Goods industry
Industry Median: 8.37 vs YMZBY: 56.71

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

Yamazaki Baking Co Interest Coverage Historical Data

The historical data trend for Yamazaki Baking 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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Yamazaki Baking Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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34.67

26.71

23.33

29.30

56.70

Yamazaki Baking 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															31.11	53.65	63.00	38.00	71.92

Competitive Comparison

For the Packaged Foods subindustry, Yamazaki Baking 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.

Yamazaki Baking Co Interest Coverage Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yamazaki Baking Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yamazaki Baking Co's Interest Coverage falls into.

Yamazaki Baking 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.

Yamazaki Baking Co'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, Yamazaki Baking Co's Interest Expense was $-5 Mil. Its Operating Income was $291 Mil. And its Long-Term Debt & Capital Lease Obligation was $146 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	291.44	/	-5.14
	=	56.70

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

Here, for the three months ended in Dec. 2023, Yamazaki Baking Co's Interest Expense was $-1 Mil. Its Operating Income was $98 Mil. And its Long-Term Debt & Capital Lease Obligation was $146 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	97.881	/	-1.361
	=	71.92

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

Yamazaki Baking Co (OTCPK:YMZBY) 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 .

Yamazaki Baking Co Interest Coverage Related Terms

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Yamazaki Baking Co (Yamazaki Baking Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamazaki Baking Co Ltd (OTCPK:YMZBY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2212:Japan

Address

10-1, Iwamotocho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-8585

Website

http://www.yamazakipan.co.jp

Yamazaki Baking is the largest manufacturer of packaged baked goods in Japan, with a nationwide manufacturing and distribution network. It holds about a 40% share of domestic packaged bakery sales. Bread loaves and sweet buns contribute about 44% of group sales. Other key products include Japanese and western-style sweets, biscuits, as well as sandwiches and prepared meal boxes supplied to convenience stores and supermarkets. It also operates a chain of 1,400-plus Daily Yamazaki convenience stores in Japan. While Yamazaki also operates fresh bakeries in Asia, most of the overseas businesses remain unconsolidated given unmeaningful contribution.

Yamazaki Baking Co (Yamazaki Baking Co) Headlines

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