CDG Co (TSE:2487) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is CDG 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. CDG Co's Operating Income for the three months ended in Dec. 2023 was 円283 Mil. CDG Co's Interest Expense for the three months ended in Dec. 2023 was 円0 Mil. CDG Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

CDG Co Ltd has no debt.

(1) 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.

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

TSE:2487' s Interest Coverage Range Over the Past 10 Years
Min: 2598.03 Med: 4450.38 Max: 28928.32
Current: 2598.03

TSE:2487's Interest Coverage is ranked better than
91.56% of 616 companies
in the Media - Diversified industry
Industry Median: 11.84 vs TSE:2487: 2598.03

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

CDG Co Interest Coverage Historical Data

The historical data trend for CDG 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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CDG Co Interest Coverage Chart

CDG Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Interest Coverage

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3,610.14

12,532.45

3,136.15

3,507.54

2,598.03

CDG 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															4,679.33	-	1,658.44	195.42	No Debt

Competitive Comparison of CDG Co's Interest Coverage

For the Advertising Agencies subindustry, CDG 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.

CDG Co's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CDG Co's Interest Coverage distribution charts can be found below:

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

CDG 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.

CDG 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, CDG Co's Interest Expense was 円-0 Mil. Its Operating Income was 円278 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	277.989	/	-0.107
	=	2,598.03

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

Here, for the three months ended in Dec. 2023, CDG Co's Interest Expense was 円0 Mil. Its Operating Income was 円283 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

CDG Co had no debt ⁽¹⁾.

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

CDG Co (TSE:2487) 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 .

CDG Co Interest Coverage Related Terms

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

CDG Co (TSE:2487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CDG Co Ltd (TSE:2487) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Umeda, Kita-ku, Herbis ENT, 18th Floor, Osaka, JPN, 530-0001

Website

https://www.cdg.co.jp

CDG Co Ltd is engaged in marketing. The company provides total support from planning, development to production and operation of effective promotion activities connecting consumers and users with products and brands. It offers content marketing that makes use of information and worldview of companies and brands as content, effective marketing activities. The company also support strategies on sales channels of products and services from various aspects, such as developing sales channels and building sales floors. Along with this it also gives consulting services that cover issues by analyzing issues related to marketing and sales activities for proposing solutions.

CDG Co (TSE:2487) Headlines

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CDG Co (TSE:2487) Interest Coverage : No Debt (1) (As of Dec. 2023)