Tamron Co (Tamron Co) Interest Coverage : 136.91 (As of Dec. 2023)

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What is Tamron 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. Tamron Co's Operating Income for the three months ended in Dec. 2023 was $23.8 Mil. Tamron Co's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. Tamron Co's interest coverage for the quarter that ended in Dec. 2023 was 136.91. 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. Tamron Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TMRNF' s Interest Coverage Range Over the Past 10 Years
Min: 56.31 Med: 115.9 Max: 411.83
Current: 206.24

TMRNF's Interest Coverage is ranked better than
88.58% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs TMRNF: 206.24

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

Tamron Co Interest Coverage Historical Data

The historical data trend for Tamron 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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Tamron Co Interest Coverage Chart

Tamron Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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158.89

108.43

412.16

290.20

206.42

Tamron Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															239.95	256.75	248.12	136.91	303.57

Competitive Comparison of Tamron Co's Interest Coverage

For the Leisure subindustry, Tamron 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.

Tamron Co's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tamron Co's Interest Coverage distribution charts can be found below:

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

Tamron 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.

Tamron 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, Tamron Co's Interest Expense was $-0.5 Mil. Its Operating Income was $94.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	94.54	/	-0.458
	=	206.42

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

Here, for the three months ended in Dec. 2023, Tamron Co's Interest Expense was $-0.2 Mil. Its Operating Income was $23.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	23.823	/	-0.174
	=	136.91

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

Tamron Co (OTCPK:TMRNF) 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 .

Tamron Co Interest Coverage Related Terms

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

Tamron Co (Tamron Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tamron Co Ltd (OTCPK:TMRNF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

7740:Japan

Address

1385 Hasunuma, Minuma-ku, Saitama, JPN, 337-8556

Website

http://www.tamron.com

Tamron Co Ltd is a Japanese manufacturer of optical and photographic lenses. The company organises itself into three segments: photographic products, optical components, and commercial/industrial-use optics. The photographic products segment, which contributes most company revenue, produces interchangeable lenses for SLR cameras. The optical components segment includes mobile phone, camcorder, and digital camera lenses. The commercial/industrial-use optics segment, the second largest contributor to revenue, produces lenses for CCTV cameras and automotive cameras. The company's most significant geographical segment is Asia (ex. Japan), followed by sales made in Japan, in Europe, and in North America.

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