Kirin Holdings Co (TSE:2503) Interest Coverage : 24.68 (As of Jun. 2024)

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What is Kirin Holdings 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. Kirin Holdings Co's Operating Income for the three months ended in Jun. 2024 was 円50,060 Mil. Kirin Holdings Co's Interest Expense for the three months ended in Jun. 2024 was 円-2,028 Mil. Kirin Holdings Co's interest coverage for the quarter that ended in Jun. 2024 was 24.68. The higher the ratio, the stronger the company's financial strength is.

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

TSE:2503' s Interest Coverage Range Over the Past 10 Years
Min: 4.7 Med: 13.18 Max: 22.33
Current: 12.12

TSE:2503's Interest Coverage is ranked better than
56.33% of 158 companies
in the Beverages - Alcoholic industry
Industry Median: 8.475 vs TSE:2503: 12.12

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

Kirin Holdings Co Interest Coverage Historical Data

The historical data trend for Kirin Holdings 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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Kirin Holdings Co Interest Coverage Chart

Kirin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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9.29

12.08

9.67

17.91

14.28

Kirin Holdings Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															44.75	6.34	13.17	24.68	14.42

Competitive Comparison of Kirin Holdings Co's Interest Coverage

For the Beverages - Brewers subindustry, Kirin Holdings 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.

Kirin Holdings Co's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kirin Holdings Co's Interest Coverage distribution charts can be found below:

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

Kirin Holdings 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.

Kirin Holdings 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, Kirin Holdings Co's Interest Expense was 円-10,523 Mil. Its Operating Income was 円150,294 Mil. And its Long-Term Debt & Capital Lease Obligation was 円555,725 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	150294	/	-10523
	=	14.28

Kirin Holdings Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Kirin Holdings Co's Interest Expense was 円-2,028 Mil. Its Operating Income was 円50,060 Mil. And its Long-Term Debt & Capital Lease Obligation was 円605,972 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	50060	/	-2028
	=	24.68

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

Kirin Holdings Co (TSE:2503) 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 .

Kirin Holdings Co Interest Coverage Related Terms

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

Kirin Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kirin Holdings Co Ltd (TSE:2503) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KNBWY:USA KNBWF:USA KIR:Germany

Address

Nakano Central Park South, 10-2, Nakano 4-chome, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kirinholdings.co.jp

Kirin is the second-largest brewer in Japan with a 28% market share. It holds a top share in the happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of alcoholic and soft beverage products in Japan. It has made several acquisitions, including Lion Nathan and National Foods in Australia, the second-largest Brazilian brewer Schincariol and Myanmar's biggest brewer over the past decade. It sold the businesses in Brazil and Myanmar in 2017 and 2023, respectively. In 2023, the company made a tender offer to bring Fancl on as a wholly owned subsidiary. Its revenue accounts for roughly 5% of Kirin's total sales. Its overseas business, which includes alcoholic and nonalcoholic beverages, represents about 40% of the group's sales.

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