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Chuoh Pack Industry Co (NGO:3952) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Chuoh Pack Industry 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. Chuoh Pack Industry Co's Operating Income for the three months ended in Dec. 2023 was 円198 Mil. Chuoh Pack Industry Co's Interest Expense for the three months ended in Dec. 2023 was 円0 Mil. Chuoh Pack Industry Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Chuoh Pack Industry 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 Chuoh Pack Industry Co's Interest Coverage or its related term are showing as below:

NGO:3952' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


NGO:3952's Interest Coverage is ranked better than
99.5% of 202 companies
in the Forest Products industry
Industry Median: 6.15 vs NGO:3952: No Debt

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


Chuoh Pack Industry Co Interest Coverage Historical Data

The historical data trend for Chuoh Pack Industry 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.

* Premium members only.

Chuoh Pack Industry Co Interest Coverage Chart

Chuoh Pack Industry Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Chuoh Pack Industry 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Chuoh Pack Industry Co's Interest Coverage

For the Paper & Paper Products subindustry, Chuoh Pack Industry 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.


Chuoh Pack Industry Co's Interest Coverage Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Chuoh Pack Industry Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chuoh Pack Industry Co's Interest Coverage falls into.



Chuoh Pack Industry 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.

Chuoh Pack Industry 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, Chuoh Pack Industry Co's Interest Expense was 円0 Mil. Its Operating Income was 円636 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Chuoh Pack Industry Co had no debt (1).

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

Here, for the three months ended in Dec. 2023, Chuoh Pack Industry Co's Interest Expense was 円0 Mil. Its Operating Income was 円198 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Chuoh Pack Industry Co had no debt (1).

* 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.

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


Chuoh Pack Industry Co  (NGO:3952) 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 .


Chuoh Pack Industry Co Interest Coverage Related Terms

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


Chuoh Pack Industry Co (NGO:3952) Business Description

Traded in Other Exchanges
N/A
Address
363, Kasuga-cho, Kiyosu, JPN, 452-0961
Chuoh Pack Industry Co Ltd is a Japan-based company engages in the production and sale of corrugated cardboard products. It manufactures corrugated-cardboard products, such as special corrugated-cardboard products, paperware products, and other paper and flexible-packaging products, as well as petrochemical products.

Chuoh Pack Industry Co (NGO:3952) Headlines

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