Ishin Co (TSE:143A) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Ishin 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. Ishin Co's Operating Income for the three months ended in Sep. 2024 was 円0.0 Mil. Ishin Co's Interest Expense for the three months ended in Sep. 2024 was 円0.0 Mil. Ishin Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ishin 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 Ishin Co's Interest Coverage or its related term are showing as below:

TSE:143A' s Interest Coverage Range Over the Past 10 Years
Min: 1232.05 Med: 1794.28 Max: 3532.93
Current: 2957.92

TSE:143A's Interest Coverage is ranked better than
91.21% of 626 companies
in the Media - Diversified industry
Industry Median: 10.51 vs TSE:143A: 2957.92

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

Ishin Co Interest Coverage Historical Data

The historical data trend for Ishin 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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Ishin Co Interest Coverage Chart

Ishin Co Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

1,232.05

3,532.93

1,794.28

Ishin Co Quarterly Data
	Mar22	Mar23	Dec23	Mar24	Sep24
Interest Coverage	No Debt	No Debt	No Debt	2,957.92	No Debt

Competitive Comparison of Ishin Co's Interest Coverage

For the Advertising Agencies subindustry, Ishin 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.

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

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

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

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Ishin 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.

Ishin Co's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Ishin Co's Interest Expense was 円-0.1 Mil. Its Operating Income was 円201.0 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	200.959	/	-0.112
	=	1,794.28

Ishin Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Ishin Co's Interest Expense was 円0.0 Mil. Its Operating Income was 円0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Ishin Co had no debt ⁽¹⁾.

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

Ishin Co (TSE:143A) 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 .

Ishin Co Interest Coverage Related Terms

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

Ishin Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ishin Co Ltd (TSE:143A) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-28-7 Shinjuku East Court, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.ishin1853.co.jp

Ishin Co Ltd is a marketing company. It is developing a business that supports co-creation between local governments and private companies including ``Municipal Communication,'' a media that improves the management capabilities of local governments, and a ``BtoG Platform,'' which provides comprehensive support for marketing for local governments on the web.

Ishin Co Headlines

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Ishin Co (TSE:143A) Interest Coverage : No Debt (1) (As of Sep. 2024)