Sanyo Chemical Industries (TSE:4471) Interest Coverage : 64.65 (As of Dec. 2023)

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What is Sanyo Chemical Industries 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. Sanyo Chemical Industries's Operating Income for the three months ended in Dec. 2023 was 円2,198 Mil. Sanyo Chemical Industries's Interest Expense for the three months ended in Dec. 2023 was 円-34 Mil. Sanyo Chemical Industries's interest coverage for the quarter that ended in Dec. 2023 was 64.65. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sanyo Chemical Industries's Interest Coverage or its related term are showing as below:

TSE:4471' s Interest Coverage Range Over the Past 10 Years
Min: 23.25 Med: 99.54 Max: 247.35
Current: 43.24

TSE:4471's Interest Coverage is ranked better than
76.97% of 1181 companies
in the Chemicals industry
Industry Median: 9.74 vs TSE:4471: 43.24

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

Sanyo Chemical Industries Interest Coverage Historical Data

The historical data trend for Sanyo Chemical Industries'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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Sanyo Chemical Industries Interest Coverage Chart

Sanyo Chemical Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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108.61

126.97

229.54

247.35

71.26

Sanyo Chemical Industries 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															89.33	56.53	18.55	36.53	64.65

Competitive Comparison of Sanyo Chemical Industries's Interest Coverage

For the Specialty Chemicals subindustry, Sanyo Chemical Industries'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.

Sanyo Chemical Industries's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sanyo Chemical Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sanyo Chemical Industries's Interest Coverage falls into.

Sanyo Chemical Industries 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.

Sanyo Chemical Industries'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, Sanyo Chemical Industries's Interest Expense was 円-118 Mil. Its Operating Income was 円8,409 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,909 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	8409	/	-118
	=	71.26

Sanyo Chemical Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sanyo Chemical Industries's Interest Expense was 円-34 Mil. Its Operating Income was 円2,198 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,855 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2198	/	-34
	=	64.65

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

Sanyo Chemical Industries (TSE:4471) 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 .

Sanyo Chemical Industries Interest Coverage Related Terms

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

Sanyo Chemical Industries (TSE:4471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanyo Chemical Industries Ltd (TSE:4471) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

XSI:Germany

Address

11-1, Ikkyo Nomoto-cho, Higashiyama-ku, Kyoto, JPN, 605-0995

Website

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

Sanyo Chemical Industries Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes its operations into four primary segments based on product type. The toiletries and health care segment, which generates the most revenue of any segment, sells disposable baby diapers, surfactants used to produce hair care products and detergents, and base materials for cosmetics and pharmaceuticals. The petroleum and automotives segment sells polyurethane used to produce automobile seats and interior components as well as fuel additives. The plastics and textiles and information and electronics segment sells a variety of plastic products for consumers as well as the transportation and electronics industries. The majority of revenue comes from Japan.

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