Panasonic Manufacturing Philippines (PHS:PMPC) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Panasonic Manufacturing Philippines 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. Panasonic Manufacturing Philippines's Operating Income for the three months ended in Dec. 2023 was ₱-13 Mil. Panasonic Manufacturing Philippines's Interest Expense for the three months ended in Dec. 2023 was ₱0 Mil. Panasonic Manufacturing Philippines has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Panasonic Manufacturing Philippines Corp has enough cash to cover all of its debt. Its financial situation is stable.

(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 Panasonic Manufacturing Philippines's Interest Coverage or its related term are showing as below:

PHS:PMPC' s Interest Coverage Range Over the Past 10 Years
Min: 98.6 Med: 1019.48 Max: No Debt
Current: 677.18

PHS:PMPC's Interest Coverage is ranked better than
93.56% of 1584 companies
in the Hardware industry
Industry Median: 12.55 vs PHS:PMPC: 677.18

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

Panasonic Manufacturing Philippines Interest Coverage Historical Data

The historical data trend for Panasonic Manufacturing Philippines'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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Panasonic Manufacturing Philippines Interest Coverage Chart

Panasonic Manufacturing Philippines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

No Debt

98.60

1,487.69

312.25

551.26

Panasonic Manufacturing Philippines 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															N/A	487.82	No Debt	No Debt	No Debt

Competitive Comparison of Panasonic Manufacturing Philippines's Interest Coverage

For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.

Panasonic Manufacturing Philippines's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Panasonic Manufacturing Philippines's Interest Coverage falls into.

Panasonic Manufacturing Philippines 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.

Panasonic Manufacturing Philippines'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, Panasonic Manufacturing Philippines's Interest Expense was ₱-0 Mil. Its Operating Income was ₱172 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	171.993	/	-0.312
	=	551.26

Panasonic Manufacturing Philippines's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Panasonic Manufacturing Philippines's Interest Expense was ₱0 Mil. Its Operating Income was ₱-13 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱0 Mil.

Panasonic Manufacturing Philippines had no debt ⁽¹⁾.

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

Panasonic Manufacturing Philippines (PHS:PMPC) 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 .

Panasonic Manufacturing Philippines Interest Coverage Related Terms

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

Panasonic Manufacturing Philippines (PHS:PMPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Panasonic Manufacturing Philippines Corp (PHS:PMPC) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Ortigas Avenue Extension, Barrio Mapandan, Barangay San Isidro, Rizal, Taytay, RIZ, PHL, 1920

Website

https://www.panasonic.com/ph

Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Life Solutions includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. The Consumer segment generates maximum revenue for the company. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.

Panasonic Manufacturing Philippines (PHS:PMPC) Headlines

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Panasonic Manufacturing Philippines (PHS:PMPC) Interest Coverage : No Debt (1) (As of Dec. 2023)