Seria Co (TSE:2782) Interest Coverage : 2,539.00 (As of Dec. 2023)

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What is Seria 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. Seria Co's Operating Income for the three months ended in Dec. 2023 was 円5,078 Mil. Seria Co's Interest Expense for the three months ended in Dec. 2023 was 円-2 Mil. Seria Co's interest coverage for the quarter that ended in Dec. 2023 was 2,539.00. 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. Seria Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:2782' s Interest Coverage Range Over the Past 10 Years
Min: 188.87 Med: 1115.25 Max: 1902.64
Current: 1729.63

TSE:2782's Interest Coverage is ranked better than
94.82% of 251 companies
in the Retail - Defensive industry
Industry Median: 8.83 vs TSE:2782: 1729.63

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

Seria Co Interest Coverage Historical Data

The historical data trend for Seria 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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Seria Co Interest Coverage Chart

Seria Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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1,199.93

1,354.92

1,636.77

1,902.64

1,717.00

Seria 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															1,607.33	1,289.50	1,573.00	1,517.00	2,539.00

Competitive Comparison of Seria Co's Interest Coverage

For the Discount Stores subindustry, Seria 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.

Seria Co's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Seria Co's Interest Coverage distribution charts can be found below:

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

Seria 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.

Seria 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, Seria Co's Interest Expense was 円-9 Mil. Its Operating Income was 円15,453 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,252 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	15453	/	-9
	=	1,717.00

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

Here, for the three months ended in Dec. 2023, Seria Co's Interest Expense was 円-2 Mil. Its Operating Income was 円5,078 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5078	/	-2
	=	2,539.00

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

Seria Co (TSE:2782) 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 .

Seria Co Interest Coverage Related Terms

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

Seria Co (TSE:2782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Seria Co Ltd (TSE:2782) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-38 Sobutsu, Ogaki, Gifu, JPN, 503-0934

Website

http://www.seria-group.com

Seria Co Ltd is a Japanese discount retailer. The business operates under the "100 yen" price concept. The "100 yen" shop stocks various products, from clothing to stationery, and each item is priced at 100 yen. These shops keep prices down by purchasing goods internationally and in large quantities. The company operates stores, wholesale and franchisees, offering consumer products. The company offers a variety of goods, such as food products, clothes, kitchen and electrical appliances, cosmetics, accessories, health products, cleaning products, outdoor products, and seasonal products. Seria is also commercializing its own private-brand products.

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