Inbound Platform (TSE:5587) Interest Coverage : 88.60 (As of Mar. 2024)

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What is Inbound Platform 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. Inbound Platform's Operating Income for the six months ended in Mar. 2024 was 円64 Mil. Inbound Platform's Interest Expense for the six months ended in Mar. 2024 was 円-1 Mil. Inbound Platform's interest coverage for the quarter that ended in Mar. 2024 was 88.60. 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. Inbound Platform Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:5587' s Interest Coverage Range Over the Past 10 Years
Min: 31.33 Med: 93.46 Max: 321.58
Current: 215.07

TSE:5587's Interest Coverage is ranked better than
82.51% of 806 companies
in the Business Services industry
Industry Median: 13.47 vs TSE:5587: 215.07

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

Inbound Platform Interest Coverage Historical Data

The historical data trend for Inbound Platform'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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Inbound Platform Interest Coverage Chart

Inbound Platform Annual Data

Trend

Sep21

Sep22

Sep23

Interest Coverage

31.33

93.46

321.58

Inbound Platform Semi-Annual Data
	Sep21	Sep22	Mar23	Sep23	Mar24
Interest Coverage	N/A	N/A	251.62	392.22	88.60

Competitive Comparison of Inbound Platform's Interest Coverage

For the Specialty Business Services subindustry, Inbound Platform'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.

Inbound Platform's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Inbound Platform's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Inbound Platform's Interest Coverage falls into.

Inbound Platform 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.

Inbound Platform's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Inbound Platform's Interest Expense was 円-1 Mil. Its Operating Income was 円335 Mil. And its Long-Term Debt & Capital Lease Obligation was 円204 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	335.413	/	-1.043
	=	321.58

Inbound Platform's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Inbound Platform's Interest Expense was 円-1 Mil. Its Operating Income was 円64 Mil. And its Long-Term Debt & Capital Lease Obligation was 円174 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	64.414	/	-0.727
	=	88.60

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

Inbound Platform (TSE:5587) 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 .

Inbound Platform Interest Coverage Related Terms

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

Inbound Platform (TSE:5587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Inbound Platform Corp (TSE:5587) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-14-5 Shimbashi, 4th floor, SW Shimbashi Building, Minato-ku, Tokyo, JPN, 105-0004

Website

https://www.inbound-platform.com

Inbound Platform Corp is engaged in providing Pocket Wi-Fi, RV rental, foreign currency exchange services, and online travel information so foreign visitors can enjoy Japan even more. Its business operations primarily cater to foreign visitors in Japan.

Inbound Platform (TSE:5587) Headlines

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