KODAMA CHEMICAL INDUSTRY Co (TSE:4222) Interest Coverage : N/A (As of Sep. 2024)

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What is KODAMA CHEMICAL INDUSTRY 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. KODAMA CHEMICAL INDUSTRY Co's Operating Income for the three months ended in Sep. 2024 was 円0 Mil. KODAMA CHEMICAL INDUSTRY Co's Interest Expense for the three months ended in Sep. 2024 was 円0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. KODAMA CHEMICAL INDUSTRY Co Ltd interest coverage is 2.11, which is low.

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

TSE:4222' s Interest Coverage Range Over the Past 10 Years
Min: 0.56 Med: 2.74 Max: 7.27
Current: 2.11

TSE:4222's Interest Coverage is ranked worse than
78.79% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs TSE:4222: 2.11

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

KODAMA CHEMICAL INDUSTRY Co Interest Coverage Historical Data

The historical data trend for KODAMA CHEMICAL INDUSTRY 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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KODAMA CHEMICAL INDUSTRY Co Interest Coverage Chart

KODAMA CHEMICAL INDUSTRY Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

1.16

4.14

7.27

4.62

2.11

KODAMA CHEMICAL INDUSTRY Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial															1.00	1.45	5.53	1.52	N/A

Competitive Comparison of KODAMA CHEMICAL INDUSTRY Co's Interest Coverage

For the Auto Parts subindustry, KODAMA CHEMICAL INDUSTRY 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.

KODAMA CHEMICAL INDUSTRY Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, KODAMA CHEMICAL INDUSTRY Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where KODAMA CHEMICAL INDUSTRY Co's Interest Coverage falls into.

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KODAMA CHEMICAL INDUSTRY 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.

KODAMA CHEMICAL INDUSTRY 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, KODAMA CHEMICAL INDUSTRY Co's Interest Expense was 円-78 Mil. Its Operating Income was 円165 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,390 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	165.43	/	-78.318
	=	2.11

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

Here, for the three months ended in Sep. 2024, KODAMA CHEMICAL INDUSTRY Co's Interest Expense was 円0 Mil. Its Operating Income was 円0 Mil. And its Long-Term Debt & Capital Lease Obligation was 円272 Mil.

GuruFocus does not calculate KODAMA CHEMICAL INDUSTRY Co's interest coverage with the available data.

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

KODAMA CHEMICAL INDUSTRY Co (TSE:4222) 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 .

KODAMA CHEMICAL INDUSTRY Co Interest Coverage Related Terms

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

KODAMA CHEMICAL INDUSTRY Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » KODAMA CHEMICAL INDUSTRY Co Ltd (TSE:4222) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-2 Nihombashi-machi-cho machi, Chuo-ku, Tokyo, JPN, 103-0021

Website

http://www.kodama-chemical.co.jp

KODAMA CHEMICAL INDUSTRY Co Ltd is engaged in the production of moulded plastic products. It is organised into three principal operating segments - Auto Parts, Housing Facility / Cold Equipment Parts, and Entertainment business. The company supply automotive interior and exterior products such as various pillars, luggage trim, trunk trim, door trim, spoiler, fender cover, instrument panel, front spoiler and skirt to major automobile manufacturers. Its Housing Facility / Cold Equipment Parts division offers resin products such as toilet makeup cabinet, bathroom cabinet, bathroom panel, washing machine pan, and bathroom ceiling. The majority of its revenue is derived from the Auto Parts business.

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